701 Bayshore Dr - Hospitality FOR SALE


Fort Lauderdale, FL 33304
$12,500,000 USD
754-224-7301
701 Bayshore Dr, Fort Lauderdale, FL for Sale
$12,500,000 USD
Hospitality - FOR SALE
1/18
null | Request Cap Rate

701 Bayshore Dr
Fort Lauderdale, FL 33304


HIGHLIGHTS

  • 14-18 Units with 6 Deluxe Apartments directly on the Intracoastal.
  • Additional property across the street is also available but only as part of the purchase of this property.

OVERVIEW

Prime Intracoastal property is currently operated as a hotel and restaurant. The Restaurant may be expanded into adjoining apartments to create a flagship restaurant for a master chef, develop the current hotel into a Luxury Boutique Hotel with 14+ suites with full kitchens and mid-century iconic architecture, or create your dream of a fantasy project. Possibilities are endless. 14-18 Units with 6 Deluxe Apartments directly on the Intracoastal 1 Studio apartment with full kitchen and oversized balcony on the waterfront 1 One-bedroom apartment with balcony on the waterfront 2 Two bedroom/two bath apartments with balcony on the waterfront 1 Two-Bedroom/two bath apartment with 2 balconies, 1 on the waterfront and 1 overlooking the pool. 1 Penthouse 3 bedroom/3 bathrooms, nearly 3000 sq ft with three balconies on the waterfront and private rooftop terrace Note: Additional property across the street is also available but only as part of the purchase of this property.

FOR SALE DETAILS

PRICE

$12,500,000 USD

PRICE/SF

$955 USD /SF

# OF ROOMS

13

PRICE/ROOM

$961,538 {currency}

CAP RATE

Request Cap Rate

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Manhattan Tower Apartment Hotel

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

3

ROOM ENTRANCE

Exterior

BUILDING CLASS

B

YEAR BUILT

1957

PARKING SPACES

11

LAND DETAILS

LAND ACRES

0.28 AC

LAND SF

12,197 SF

ZONING

A-BA, Ft Lauderdale

APN/PARCEL ID

50-42-01-06-0760

ASK ABOUT THIS PROPERTY

Russel DionDistinctive Real Estate, Inc.More Info
754-224-7301

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

Russel DionDistinctive Real Estate, Inc.More Info
754-224-7301

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