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