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$ 11,500,000
Est. payment | /mo
8,973 SqFt
$ 11,500,000
Est. payment | /mo
8,973 SqFt
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
Virtual Tour https://www.propertypanorama.com/instaview/mia/A12083379
Listed by La Rosa Realty LLC
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