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1601 N Federal Highway - Bali Hai Motel, Fort Lauderdale, FL

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1601 N Federal Highway - Bali Hai Motel

NW/C
Fort Lauderdale, FL 33305 - Fort Lauderdale Submarket


Property Type:Hospitality Number of Rooms:22 Status:Existing Year Built:1966
Stories:2 Building Size:9,731 SF Land Area:.53 AC (23,043 SF)
For Sale Price:$4,900,000 Price/Room:$222,727 Cap Rate:-

Parking:2.06 Parking Spaces / 1,000 SF


Location-Location-Location– On a corner lot on busy N. Federal Hwy., neighboring major national retailers, such as Starbuck’s, Circuit City, Panera Bread, Toys R Us, and Office Depot, plus many restaurants and shopping centers within walking distance. This motel is easily 100% occupied by tourists and business travelers because of its close proximity to the beaches and golf, as well as commercial centers, the Galleria Mall, Las Olas Blvd., the Fort Lauderdale Convention Center, Ft. Lauderdale International Airport, and Port Everglades.

A family-run business for over 17 years, this motel is clean and well-kept with 22 spacious guestrooms, one that’s converted into an extra guest room, plus a 2-bedroom/2-bathroom manager’s apartment. The motel is in front of an intracoastal waterfront residential community that also benefits from the short walking distance to shops and restaurants.

Sale Notes:
This motel is frequently occupied by tourists and business travelers because of its close proximity to the beaches and golf, as well as commercial centers, the Galleria Mall, Las Olas Blvd., the Fort Lauderdale Convention Center, Ft. Lauderdale International Airport, and Port Everglades. Major developing booming in the immediate area! A family-run business for almost 30 years, this motel is clean and well-kept with 22 spacious guest rooms. Adjacent to a waterfront residential community, this property is ideal to develop a multi-story condo/hotel or a development for commercial use in an area of massive revitalization.

Balistreri Realty Inc
David Gunther
(561) 886-1600




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