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Key Details
Sold Price $4,000,000
Property Type Commercial
Sub Type Hotel/Motel
Listing Status Sold
Purchase Type For Sale
Square Footage 8,018 sqft
Price per Sqft $498
MLS Listing ID A10859691
Sold Date 08/09/21
HOA Y/N No
Year Built 1955
Annual Tax Amount $32,750
Contingent Pending Inspections
Lot Size 0.554 Acres
Property Description
Green Island Inn is unique property by its Key West ambiance,870’ proximity to the beach & its RMH-60 zoning.It has been owned by a family for 60y. 25 units motel operated as 27units in a good condition. Extensive landscape provides for guests privacy. Open courtyard w/large in-ground pool &gazebos.Zoning RMH60 Residential Multifamily High- Rise Density District 50 units p/ac.Permitted uses include multifamily residential use,hotels, motel, &day care facilities.It allows mixed-use development,nursing homes, schools,hospitals,etc. as conditional use.Units break down:11 efficiencies (265sf.ft),10 large efficiencies (365sf.ft) &4-1BDs of various sizes (378-858sf.ft).All efficiencies with small kitchen areas. 27 parking spaces.Owner financing available to qualified prospects.
Location
State FL
County Broward County
Area 3160
Direction The property is located in the central eastern section of the City of Ft. Lauderdale.It is bordered to the N by Oakland Park Boulevard, to the S by Sunrise Boulevard, to the E by the Atlantic Ocean and to the W by the Intracoastal Waterway.
Others
Tax ID 494330030010
Acceptable Financing Cash, Conventional, Owner May Carry
Listing Terms Cash, Conventional, Owner May Carry
Financing Cash
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Bought with EXP Realty LLC