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The Elmar Boutique Hotel 4433 El Mar Dr 11 Room Hotel Lauderdale By The Sea, FL 33308 $5,495,000 ($499,545/Room)
INVESTMENT HIGHLIGHTS
- High speed Wi-Fi, LED HD Smart TV w/ cable / DIRECTTV
EXECUTIVE SUMMARY
Seller wants to negotiate and sell. Potential seller financing (50%). Superior location, El Mar Dr – Steps to beach, shops, restaurants, bars, fishing pier, tennis courts, oceanfront park… Extraordinary, one of a kind! 11 beautifully furnished apartments (approximately 500 sq ft). Kitchens equipped w/ refrigerator, cooktop, microwave & coffee maker. Each room has designer couch that can be converted to a full-size bed, dedicated workspace & safe. High speed Wi-Fi, LED HD Smart TV w/ cable / DIRECTTV. Completely & immaculately renovated - 2019. Impact windows and doors. Heated pool, fire pit, barbeque. Office & commercial laundry. 6 miles to Las Olas Blvd/downtown, 14 miles to Ft Lauderdale/Hollywood Int'l, 16 miles to Hard Rock Hotel-Casino.
Listing agent must schedule and accompany any site visits. OK to drive by but do not go on the property or disturb guests or employees.
Listing agent must schedule and accompany any site visits. OK to drive by but do not go on the property or disturb guests or employees.
PROPERTY FACTS
| Price | $5,495,000 | Building Size | 6,221 SF |
| Price Per Room | $499,545 | No. Rooms | 11 |
| Sale Type | Investment | No. Stories | 2 |
| Property Type | Hospitality | Year Built/Renovated | 1958/2019 |
| Property Subtype | Hotel | Parking Ratio | 1.77/1,000 SF |
| Building Class | B | Corridor | Exterior |
| Lot Size | 0.26 AC | ||
| Zoning | RM-25 - RM-25 - Residences, Apartments, Hotels, ETC | ||
| Price | $5,495,000 |
| Price Per Room | $499,545 |
| Sale Type | Investment |
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | B |
| Lot Size | 0.26 AC |
| Building Size | 6,221 SF |
| No. Rooms | 11 |
| No. Stories | 2 |
| Year Built/Renovated | 1958/2019 |
| Parking Ratio | 1.77/1,000 SF |
| Corridor | Exterior |
| Zoning | RM-25 - RM-25 - Residences, Apartments, Hotels, ETC |
AMENITIES
- Beach (direct access)
ROOM MIX INFORMATION
| DESCRIPTION | NO. ROOMS | DAILY RATE | SF |
|---|---|---|---|
| Suite | 11 | $257.00 | - |
Walk Score®
Very Walkable (76)
Bike Score®
Very Bikeable (78)
PROPERTY TAXES
| Parcel Number | 49-43-18-01-1130 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $2,213,590 |
PROPERTY TAXES
Parcel Number
49-43-18-01-1130
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$2,213,590
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The Elmar Boutique Hotel | 4433 El Mar Dr
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