1. Florida
  2. Grant-valkaria
  3. 5690 Highway 1
$2,750,000

5690 Highway 1, Grant-valkaria, FL 32949

  • 20 baths |
  • 5,372 sqft
  • Property Icon Commercial Property
  • Property Year Built Icon Built in 1953
  • Property Lot Size Icon0.98acre lot
  • Property Parking Icon —— car garage
  • Property Price Per Square Feet Icon $512/sqft
  • Property List Date Icon Listed 2 months ago

Property Description

Pelican Lodge is a stabilized 19-unit weekly and monthly stay lodge located on US 1 in Grant-Valkaria, Florida. Acquired as a distressed asset, the property underwent a full renovation over the past year, repositioning it as an income-producing operation with 100% occupancy. Reservations are secured through May 2025, with a waitlist in place for summer months. The lodge operates efficiently with a lean leasing and cleaning team, resulting in strong cash flow and minimal overhead. While historical financials prior to renovation are limited, current stabilized performance reflects consistent revenue generation. Offered as a turnkey investment, Pelican Lodge is well-suited for a 1031 exchange or investors seeking immediate income with operational upside.

Listing Status:
Active
Date Added:
March 18, 2025 at 05:00AM
Listing Office:
Reach Commercial Real Estate : 321-300-4773
Listing Agent:
Cassandra Hartford : 321-300-4773
MLS ID:
1040453
  • A/C: Central Air
  • Heating: Central

This listing courtesy of Cassandra Hartford, Reach Commercial Real Estate

Location

Schools Nearby

S

Sunrise Elementary School

1651 Mara Loma Blvd SE, Palm Bay, FL, 32909

Grades PK-6

6.26 miles away

R

Royal Palm Charter School

7145 Babcock St NE, Palm Bay, FL, 32909

Grades KG-8

6.67 miles away

O

Odyssey Charter School

1755 Eldron Blvd SE, Palm Bay, FL, 32909

Grades KG-12

8.41 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.