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Caviar Global Properties - Pompano Beach & Boca Raton Real Estate | Buy or Sell

Active
4229 Ocean Drive Lauderdale By The Sea, FL 33308
$5,500,000
9,333 sq ft

Courtesy of United Realty Group, Inc.

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Carola Lueder

Carola Lueder

Founder – Executive Director

LIC#BK3187419

Property Description

turn-key opportunity, great potential, excellent location! The motel is located at the heart of Downtown Lauderdale by the Sea, your guests are just a short walk to the beautiful Atlantic Ocean, Anglin’s Fishing Pier, all the first-class amenities Lauderdale by the Sea has to offer, 10 minutes drive to Downtown Fort Lauderdale,15 Minutes to Fort Lauderdale International Airport and has excellent visibility with 198 feet of N Ocean Drive frontage, making this motel the perfect accommodation for both local Floridians and International guests. The property featuring 2 stories, concrete block construction and comprises 23 hotel rooms all well decorated and equipped with kitchenettes and flat-screen TVs, the property also consists of 21 ample parking, a heated pool, green spaces, a laundry

Property Details & Features

Property Type

  • Hotel-motel

Year Built

  • 1964

Listing

  • Source: Palm Beach
  • List price: $5,500,000
  • MLS ID: 20121115220811115022000000
  • Listing ID: RX-10814398
  • Listing date: 2022-07-06
  • Status: Active
  • For lease?: No
  • $589 per square foot
  • None

Bathrooms

  • 25 total bathrooms

House

  • 9,333 total building square feet
  • Built in 1964
  • 2 stories
  • 23 units in build
  • Year built description: Resale
  • Square footage source: SimpleTemplate
  • 1 office
  • 12 total units for unit 1
  • 9 total units for unit 2
  • 2 total units for unit 3
  • CBS
  • Stucco
  • Smoke Detector
  • Hotel / Motel
  • Furnished
  • Furnished

Cooling

  • Wall-Win A/C

Floors

  • Tile

Heating

  • Window/Wall

Interior Features

  • Sheet Rock

Location

  • County: Broward
  • City

Lot

  • 0 acres

Miscellaneous

  • Unit 1 description: Hotel
  • Unit 2 description: Efficiency
  • Unit 3 description: 2 Bedroom
  • Fenced
  • Landscaped
  • Laundry
  • Pool
  • Rear Access
  • Traffic Medium
  • None
  • Cash
  • Conventional

Property

  • Property type: E
  • Zoning: RM-25
  • Waterfront: No

Roof

  • Other
  • Tar/Gravel

Security System

  • Fence
  • Security Light

Taxes

  • Real estate taxes: $61,151
  • Year: 2020

Utilities

  • 13.00 meter
  • 110
  • 220
  • Gas Bottle
  • Public Sewer
  • Public Water

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