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825 NW 27th Avenue, Fort Lauderdale, FL

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825 NW 27th Avenue

Fort Lauderdale, FL 33311 - Fort Lauderdale Submarket

Property Type:Hospitality Number of Rooms:45 Status:Existing Year Built:1965
Stories:2 Building Size:9,243 SF Land Area:1.07 AC (46,609 SF)
For Sale Price:$1,999,000 Price/Room:$44,422 Cap Rate:7.52 %


32-Room (24 singles, 8 doubles) waterfront hotel situated on a +/- 1/2 acre lot. Owners also operate 10 extended stay units, zoned B3 (Intensive Commercial Business District). Bridge adjacent to this waterfront property is being considered for reconstruction to allow for boat traffic. Property address has beverage and grocery store licenses.

Sale Notes:
Renovated 45 unit hotel in Fort Lauderdale, 4.5 miles from the beach and 2.5 miles from the downtown. Property has new impact windows, updated guest rooms, updated baths and a 16 camera security monitoring system. The hotel sits on over a 45,000sf river front lot. Financials available upon signing disclosure and POF.
West of 95, south of Sunrise Blvd on NW 27th Ave.

Daca Management LLC
Andrew Letourneau
(954) 770-6315

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