4433 N Ocean Dr - Hospitality FOR SALE


Lauderdale By The Sea, FL 33308
$21,000,000 USD
305-335-0109
4433 N Ocean Dr, Lauderdale By The Sea, FL for Sale
$21,000,000 USD
Hospitality - FOR SALE
1/49
null | 8.2% Cap Rate

4433 N Ocean Dr
Lauderdale By The Sea, FL 33308


HIGHLIGHTS

  • 350 feet of frontage on Ocean Drive
  • 100 yards to the beach
  • 2 swimming pools
  • 1 Jacuzzi
  • Landscaped Courtyard and Gardens
  • 65 Parking Spaces

OVERVIEW

Shore Haven Resort Inn presents a rare and exceptional investment opportunity in the heart of Lauderdale-By-The-Sea. Situated on 1.15 acres with 350 feet of prime frontage along Ocean Drive, this is an excellent site to take advantage of the Live Local Act. 1/2 mile away is a 16 story condo building, thus under Live Local this site would qualify for the same height allowance. With significant upside potential, minimal capital investment could dramatically improve operations, elevate occupancy rates, and capitalize on the area’s strong ADR and increasing demand for hospitality. Recent upgrades include hurricane impact windows and doors, making the property well-positioned for new ownership to step in and maximize returns. Don’t miss this generational opportunity to acquire a property with substantial upside in a high-barrier-to-entry market. Highlights of the Opportunity: - Prime Location: Situated in the heart of Lauderdale-By-The-Sea, just steps away from pristine white sand beaches and vibrant local attractions. - Expansive Land Area: 1.15 acres of prime land, offering significant development and operational possibilities. - Ocean Drive Frontage: 350 feet of valuable frontage along Ocean Drive, enhancing both visibility and accessibility. - Recent Upgrades: The property has undergone recent improvements, including hurricane impact windows, doors, balcony railings and rebar, and many recently renovated rooms. Drone video: https://youtu.be/uREcTUduenE?si=XgmM_jusJ7bVffP4

FOR SALE DETAILS

PRICE

$21,000,000 USD

PRICE/SF

$802 USD /SF

# OF ROOMS

68

PRICE/ROOM

$308,824 {currency}

CAP RATE

8.2%

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Shore Haven Resort Inn

PROPERTY TYPE

Hospitality

ADD'L SUBTYPES

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TOTAL BUILDING SIZE

-

STORIES

2

ROOM ENTRANCE

Exterior

BUILDING CLASS

B

YEAR BUILT

1968

PARKING SPACES

65

LAND DETAILS

LAND ACRES

1.15 AC

LAND SF

50,094 SF

ZONING

RM-25

APN/PARCEL ID

49-43-18-01-2140,49-43-18-01-2180,49-43-18-01-2210

ASK ABOUT THIS PROPERTY

Richard SpadoThe Keyes Company - Commercial Sales & LeasingMore Info
305-335-0109

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Richard SpadoThe Keyes Company - Commercial Sales & LeasingMore Info
305-335-0109

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.