See all 15 photos
15 photos
REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
$11,500,000
Est. payment /mo
8,973 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Hotel/Motel
Listing Status Active
Purchase Type For Sale
Square Footage 8,973 sqft
Price per Sqft $1,281
MLS Listing ID A12083379
HOA Y/N Yes
Year Built 1946
Lot Size 6,250 Sqft
Property Sub-Type Hotel/Motel
Property Description
This 25-unit asset presents a compelling opportunity for a hospitality focused investor seeking scale, character, and immediate income. Originally constructed in 1945 & 1946 but fully gut-renovated with an effective year of 2026, the property offers a distinct architectural identity that aligns well with boutique or full-service hospitality concepts, while its unit count provides operational efficiency and revenue diversification. The building's layout and vintage charm create a strong foundation for repositioning or continued use as a high-demand lodging asset.
Currently operating with strong occupancy, the property delivers stabilized cash flow from day one, minimizing vacancy risk and providing a reliable income stream. The consistent occupancy underscores the asset's functionality and appeal, while also offering a clear runway for a new owner to enhance revenue through strategic upgrades, branding, or service expansion. The property is well-suited for centralized management and streamlined operations typical of hospitality investments.
The combination of its boutique appeal and new renovations offers a rare value-add opportunity in today's market. Investors can capitalize on the existing performance while
implementing a tailored vision to elevate the asset—whether through enhanced amenities or repositioning within the hospitality spectrum. This is a unique chance to acquire a stabilized yet flexible property with strong fundamentals and significant upside potential.
Currently operating with strong occupancy, the property delivers stabilized cash flow from day one, minimizing vacancy risk and providing a reliable income stream. The consistent occupancy underscores the asset's functionality and appeal, while also offering a clear runway for a new owner to enhance revenue through strategic upgrades, branding, or service expansion. The property is well-suited for centralized management and streamlined operations typical of hospitality investments.
The combination of its boutique appeal and new renovations offers a rare value-add opportunity in today's market. Investors can capitalize on the existing performance while
implementing a tailored vision to elevate the asset—whether through enhanced amenities or repositioning within the hospitality spectrum. This is a unique chance to acquire a stabilized yet flexible property with strong fundamentals and significant upside potential.
Location
State FL
County Broward
Area 3130
Zoning ABA
Interior
Flooring Tile, Vinyl
Exterior
Private Pool Yes
Building
Story 3
Sewer Public Sewer
Water Public
Others
Tax ID 504212100670
Security Features Security System
Acceptable Financing Cash
Listing Terms Cash
Special Listing Condition Corporate Listing
Read Less Info
Listed by La Rosa Realty LLC
GET MORE INFORMATION