Historical Hotel & Motel Sale Listing - Best deal in Laud-by-the-Sea 31 units

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

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

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31 Rooms | Hotel & Motel

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Hotel / Motel - Off Market

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

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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!*********

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

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Created 5/5/2008