Price Reduction - Seller Financing
Address
4529 N Ocean Dr Lauderdale By The Sea, FL
Price
$ 1,990,000
Property Attributes
- 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
Property vs Zip Code Average in 33308
Price
Taxes
Visits
Year Built
Walkscore
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