Seller Financing
Address
4529 N Ocean Dr Lauderdale By The Sea, FL
Price
$ 2,225,000
Property Attributes
  • MLS#F10250883
  • TypeCommercial
  • CountyBROWARD
  • CityLauderdale By The Sea
  • AreaFt Lauderdale Beach
  • NeighborhoodLa Mer Motel
  • Zip33308
  • StyleHotel Non-Waterfront
  • Year Built1964
  • Taxes15181
  • Price$ 2,225,000
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
  • Sqr Footage5039
  • Lot Size12,502 SqFt
Listing Provided Courtesy Of:
Ocean Insiders LLC
Property Description

The property consists of 12 rms, one is an office. The 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 daily 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 a 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

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
  • 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
AVG $1.21M
$2.23M
Taxes
AVG $24,036
$15,181
Visits
AVG 47
7
Year Built
AVG 1972
1964
Walkscore
AVG 72
71
Data Provided by Walkscore ® not using MLS data

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