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- MLS#F10250883
- TypeCommercial
- CountyBROWARD
- CityLauderdale By The Sea
- AreaFt Lauderdale Beach
- NeighborhoodLa Mer Motel
- Zip33308
- StyleHotel Non-Waterfront
- Year Built1964
- Taxes15181
- Price$ 1,990,000
- Bedrooms0
- Full Bathrooms0
- Half Bathrooms0
- Sqr Footage5039
- Lot Size12,502 SqFt
Listing Provided Courtesy Of:
Caviar Global Properties LLC
Property Description
REDUCED - The property consists of 12 rms, one is an office. Motel has a transient motel/hotel license but is currently being operated as month to month rentals. Been family operated for 16 years. This is a value-add property, the new owner could return to vacation rentals & significantly improve cash flow. All units individually metered for electrical & fully furnished. Double lot, 12,502 SF w 100 linear ft of frontage on N Ocean Dr (A-1-A), separate property ID #'s, allowing for future development. 10 parking stalls. A courtyard entry with pool at the front of the property. Some rooms have been upgraded. 8 of the 12 rms have kitchens or kitchenettes, perfect for extended stays. Located one block from the beach, an easy walk to the famous Lauderdale by the Sea Pier, restaurants & shops.
Price History | |
---|---|
9/26/2020 | Listed $2,225,000 |
11/11/2020 | 6% - $2,099,000 |
1/15/2021 | 6% - $1,990,000 |
General Features
Approximate Lot Size | 12502 |
---|---|
Area | 3130 |
Prop Type Typeof Building | Hotel/Motel |
Property Description | 12 unit Motel |
Property Sq Ft | 12502 |
Property Type | Commercial/Industrial |
Section | 18 |
Security | Fenced |
Styleof Property | Hotel Non-Waterfront |
Subdivision Complex Bldg | La Mer Motel |
Township Range | 4943 |
Type of Property | Hotel |
Water Description | Public Water |
Year Built | 1964 |
Year Built Description | Resale |
Zoning Information | RM-25 |
Interior Features
Ceiling Description | Insulated |
---|---|
Cooling Description | Wall/Window Unit Cooling |
Fire Protection | Smoke Detector |
Flooring | Ceramic Floor, Terrazzo Floors |
Heating Description | No Heat |
Internet Yn | Yes |
Offices | 1 |
Stories | 1.0000 |
Units | 12 |
Exterior Features
Buidlings | 2 |
---|---|
Construction Type | Concrete Block Construction |
Lot Frontage | 100 |
Lot Sq Footage | 12502 |
Parking Description | Handicap Parking, Shared Parking |
Road Type Description | Two Lane |
Roof Description | Concrete Roof |
Sewer Description | Public Sanitation |
Amenities
- Foreclosure
- Views
- Short Sale
- New Construction
- Adult 55+
- Lease To Own
- No HOA Fees
- Furnished
- Master On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool