Great income producer popular Fort Lauderdale boutique hotel, Casitas Coral Ridge, is a 16-unit garden-style hotel in prestigious Coral Ridge neighborhood 0.9 miles from the beach & experiencing an exceptional rental history. The property is within close proximity to main arteries of N Federal Highway & E Oakland Park Blvd., within steps to the Coral Ridge Mall and million dollars homes. Included are 2648 & 2640 NE 32 St. The hotel features 2 buildings including 4 two-bedroom adjoining suits & hotel rooms for a total of 8 units in each building. One unit is currently used as a reception/ office. Property encompasses 200 linear feet of frontage on a 0.45 acre site and buildings total 6,726 square feet. The parking ratio is 3.27/1,000 sq.ft. Fully equipped accommodations & owner invested over $100k last year in bathroom upgrades. Seller financing available inquire for details.
Future build opportunity zoned RMM-25 for residential & hotel use & allows for the construction of up to 14 residential units & up to a 55’ high building.
A companion site is also available for purchase separately and would increase unit count (2667 NE 32 Street).