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Listed by Keller Williams Realty Services
$6,999,000
Est. payment /mo
13 Baths
0.31 Acres Lot
UPDATED:
Key Details
Property Type Commercial
Sub Type Hotel-Motel
Listing Status Active
Purchase Type For Sale
MLS Listing ID RX-11127847
Year Built 1946
Annual Tax Amount $35,863
Tax Year 2024
Lot Size 0.310 Acres
Property Sub-Type Hotel-Motel
Property Description
Presenting a rare boutique hospitality investment in the heart of Lauderdale-by-the-Sea, just steps from the ocean. This 13-key Mexican Hacienda-style hotel combines charm, prime location, and strong financial performance, with significant upside potential for investors.The property includes a variety of guest accommodations:2 Bedroom / 3 Bath House with Office & Separate Entrances (currently owner-occupied but ideal as an income-producing rental)1 Bedroom / 2 Bath Suite1 Bedroom / 1 Bath Suite10 Large Studio UnitsBeyond its distinctive architecture and tropical courtyard appeal, the asset delivers strong financials supported by both historical operations and pro forma projections.Financial Highlights:House Income Pro Forma:$399/night = $2,793
Location
State FL
County Broward
Area 3130
Zoning RM-25
Interior
Heating Central Individual
Cooling Central Individual
Flooring Tile
Fireplaces Type Smoke Detector
Exterior
Utilities Available Other
Roof Type Concrete Tile
Building
Story 100.00
Others
Acceptable Financing Assumable-Qualify, Cash
Listing Terms Assumable-Qualify, Cash
Financing Assumable-Qualify,Cash
Virtual Tour https://www.propertypanorama.com/4525-El-Mar-Drive-Lauderdale-By-The-Sea-FL-33308/unbranded
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