605 S Riverside Dr - Hospitality FOR SALE


Pompano Beach, FL 33062- Outer Pompano Beach/Deerfield Beach | 
$4,100,000 USD
305-951-0441
605 S Riverside Dr, Pompano Beach, FL for Sale
$4,100,000 USD
Hospitality - FOR SALE
1/28
null | 4.42% Cap Rate

605 S Riverside Dr
Pompano Beach, FL 33062
Outer Pompano Beach/Deerfield Beach


HIGHLIGHTS

  • Direct Intracoastal Waterfront Location – Positioned in a supply-constrained coastal submarket surrounded by multi-million-dollar estates
  • Licensed Boutique Hospitality Asset – Five-key transient lodging property with ADR-driven revenue and nearly a decade of operating history
  • Stabilized 2025 NOI: $181,141 – Forward 2026 NOI projected at $205K–$220K based on current booking velocity
  • Fully Furnished Turnkey Offering – Sale includes FF&E, systems, operational infrastructure, and established booking presence
  • Recent Capital Improvements – Impact-rated windows, updated HVAC systems, renovated interiors, and enhanced waterfront amenities
  • Waterfront Expansion Potential – Flexible dock configuration, potential boat lift installation or enhanced marine guest amenities *Subject to approval

OVERVIEW

605 S. Riverside Drive presents a rare opportunity to acquire an established five-suite waterfront hospitality property positioned directly on the Intracoastal Waterway in Pompano Beach, Florida. The property operates as a licensed hospitality asset with a documented operating history and five fully furnished guest suites. Its direct waterfront setting, proximity to the beach and location within a highly desirable South Florida coastal market provide a distinctive boutique hospitality offering. The property combines an existing income-producing hospitality operation with approximately 77 feet of direct Intracoastal frontage, providing two important components of value: the established hospitality use and the underlying waterfront real estate. For purchasers evaluating the longer-term potential of the site, the waterfront location and underlying land also provide an opportunity to consider highest-and-best-use and potential redevelopment, subject to zoning, municipal approvals and purchaser due diligence. Updated operating information through Q2 2026 is available in the 2026 Mid-Year Offering Memorandum. Detailed financial and operating information is available upon execution of the NDA.

FOR SALE DETAILS

PRICE

$4,100,000 USD

PRICE/SF

$909 USD /SF

# OF ROOMS

5

PRICE/ROOM

$820,000 {currency}

CAP RATE

4.42%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Kanda Zen

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

2

ROOM ENTRANCE

Interior

BUILDING CLASS

B

YEAR BUILT

1963

PARKING SPACES

11

LAND DETAILS

LAND ACRES

0.22 AC

LAND SF

9,583 SF

ZONING

RM-20

APN/PARCEL ID

49-43-06-11-0700

ASK ABOUT THIS PROPERTY

Tiara SaintONE Sotheby's International RealtyMore Info
305-951-0441

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Tiara SaintONE Sotheby's International RealtyMore Info
305-951-0441

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