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4312 El Mar Dr

Lauderdale By The Sea, FL 33308

$5,600,000

Hotel For Sale  •  4,100 Sq Ft

Property Details

  • Property Type Hotel
  • Total Building Size 4,100 Sq Ft
  • Lot Size 0.22 ac
  • Building Class C
  • Year Built 1946
  • Cap Rate 5.40 %
  • Tenancy Multiple
  • Zoning R3, County
32 Transit Score
56 Walk Score

Description

THIS IS A UNIQUE OPPORTUNITY FOR THE PERSON THAT WOULD LIKE TO OWN A BOUTIQUE HOTEL ON THE SAND IN LAUDERDALE BY THE SEA FLORIDA. EIGHT ROOM HOTEL THAT CAN BE DEVELOPED AND EXPANDED IN SIZE.MAKE THIS A LIFESTYLE  COMMITMENT FOR THE OWNER AND YOUR FUTURE GUESTS.THE POSSIBILTIES ARE ENDLESS

UNIQUE OPPORTUNITY FOR THE OWNER TO OWN A BOUITQUE HOTEL ON THE SAND IN THE SMALL CITY OF LAUDERDALE BY THE SEA,WALK TO ALL STORES,RESTURANTS,THIS IS A LIFESTYLE THE CITY IS ONLY 2.5 MILES IN LENGHT,LOCATED IN BETWEEN THE ALTANTIC OCEAN AND THE INTRACOASTAL ON A BARRIER ISLAND

Financial Summary

Cap Rate: 5.40 %

Major Tenants

Tenant SF Occupied Lease End Date
Courtyard Villa On The Ocean

Amenities

  • Laundry Facilities
  • Spa
  • Waterfront

Public Transportation

Commuter RailDriveWalkDistance
Cypress Creek Commuter Rail (Tri-County Commuter) 11 min - 4.4 mi
Pompano Beach Commuter Rail (Tri-County Commuter) 20 min - 9.7 mi
AirportDriveWalkDistance
Fort Lauderdale–Hollywood International Airport 26 min - 14.2 mi
Miami International Airport 63 min - 39.3 mi

Parking Details

Parking Available: No
Reserved: No
Type: Covered
Included in Rent: Yes
Howard Goldberg 954-937-1790 RE/MAX Consultants Realty I
Howard Goldberg 954-937-1790 RE/MAX Consultants Realty I