This Hotel & Motel Property is Off-Market.

4321-4341 El Mar Dr
Fort Lauderdale, FL 33308 ·

31 Rooms · Hotel & Motel For Sale

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Best deal in Laud-by-the-Sea 31 units

Price N/A Average Daily Rate $120
No. Rooms 31 No. Stories 2
Building Size 16,712 SF Year Built 1962
Property Type Hotel & Motel Corridor Exterior
Property Sub-type Economy/Limited Service Lot Size 34,500 SF
Property Use Type Investment APN / Parcel ID multiple
Commission Split 3% Parking Ratio 1 / 1,000 SF
Listing ID: 15697780 Date Created: 05/05/2008 Last Updated: 03/04/2013

Description

Eastward Strand is 31 unit Hotel complex located just 75 feet from the center of town and100 feet from the famous Anglin Fishing Pier. This parcel consists of 300 feet along ElMar Drive, the small beach street east of A1A and is facing 34 units luxurious Oriana development. This is one of the most popular place for tourist to stay.Runs with very little vacancies all year around. 40 years Certification was done recently for the main buidling at 4329 El Mar Dr. Many upgrades and major capital improvements including new windows, electric and plumbing upgrades, new furniture, all new flat screen TVs, etc. Total 5 buildings, zoned RM25. Potentially one of the most valuable site for redevelopment. Priced right. Owner financing maybe available to a qualified buyer.***Perfect business for E2, L1 or EB 1-3 immigration visa.*** INFORMATION IS BELIEVED ACCURATE BUT IS NOT WARRANTED.

Hotel is situatedright across the Ocean in a walking distance to restaurants and bars in a beautiful setting of one of the most desirable and charming seaside town Laud by the Sea. Lauderdale by the Sea is one of S. Florida' s hottest real estate markets. Please visit website for this listing by inserting following link into browser:
**********Do not visit property without making appointments in advance!*********

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4321-4341 El Mar Dr, Fort Lauderdale, FL 33308 (Broward County)

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