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    4529 N Ocean Dr

    Lauderdale By The Sea, FL 33308
    • $1,990,000
    • STATUS: Active
    • ON SITE: 114 days
    • ID#: F10250883
    Price Reduced
    UPDATED: 240 min ago
    $1,990,000
    • 0
      BEDS
    • 0.29
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Commercial
    Built:
    1964
    County:
    Area:

    School Ratings & Info

    Description

    REDUCED - The property consists of 12 rms, one is an office. Motel has a transient motel/hotel license but is currently being operated as month to month rentals. Been family operated for 16 years. This is a value-add property, the new owner could return to vacation rentals & significantly improve cash flow. All units individually metered for electrical & fully furnished. Double lot, 12,502 SF w 100 linear ft of frontage on N Ocean Dr (A-1-A), separate property ID #'s, allowing for future development. 10 parking stalls. A courtyard entry with pool at the front of the property. Some rooms have been upgraded. 8 of the 12 rms have kitchens or kitchenettes, perfect for extended stays. Located one block from the beach, an easy walk to the famous Lauderdale by the Sea Pier, restaurants & shops.

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    All listings featuring the BMLS logo are provided by BeachesMLS Inc. Copyright ©2021 BeachesMLS, Inc.
    IDX information is provided exclusively for consumers' personal, non-commercial use and it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. This information is not verified for authenticity or accuracy and is not guaranteed. Data last updated 2021-01-19T00:18:09.82.
    www.manesrealty.com/homes/110434995
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    4529 N Ocean Dr Lauderdale By The Sea, FL 33308

    • Price: $1,990,000
    • Status: Active
    • Updated: 240 min ago
    • ID#: F10250883
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.29
    Acres
    1964
    Built
    Neighborhood:
    La Mer Motel
    County:
    Broward
    Area:
    3130
    Property Description
    REDUCED - The property consists of 12 rms, one is an office. Motel has a transient motel/hotel license but is currently being operated as month to month rentals. Been family operated for 16 years. This is a value-add property, the new owner could return to vacation rentals & significantly improve cash flow. All units individually metered for electrical & fully furnished. Double lot, 12,502 SF w 100 linear ft of frontage on N Ocean Dr (A-1-A), separate property ID #'s, allowing for future development. 10 parking stalls. A courtyard entry with pool at the front of the property. Some rooms have been upgraded. 8 of the 12 rms have kitchens or kitchenettes, perfect for extended stays. Located one block from the beach, an easy walk to the famous Lauderdale by the Sea Pier, restaurants & shops.
    Exterior Features

    Approximate Lot Size 12502 Construction Type Concrete Block Construction Location Of Property Beach AccessCity Location Parking Description Handicap ParkingShared Parking Road Type Description Two Lane Roof Description Concrete Roof Style Of Property Hotel Non-Waterfront Type Of Property Hotel Waterfront Property YN No

    Interior Features

    Ceiling Description Insulated Cooling Description Wall/Window Unit Cooling Floor Description Ceramic FloorTerrazzo Floors Heating Description No Heat Sq Ft Total 5039

    Property Features

    Building Name Number La Mer Motel Environmental Audit None Geographic Area Ft Lauderdale Beach (3130-3170) Information Available Aerial Photo(S)InventoryOwner ManagedRent RollsExisting Survey Possession Information Funding Property Sq Ft 12502 REO No Security Information Fenced Sewer Description Public Sanitation Short Sale No Tax Amount 15181 Tax Year 2019 Terms Considered CashConventional/RefinanceOwner Financing Type Of Building Hotel/Motel Unit Count 4 Water Description Public Water Year Built Description Resale Zoning Information Rm-25

    Listing provided courtesy of Caviar Global Properties Llc. Listing information © 2021 BeachesMLS


    All listings featuring the BMLS logo are provided by BeachesMLS Inc. Copyright ©2021 BeachesMLS, Inc.
    IDX information is provided exclusively for consumers' personal, non-commercial use and it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. This information is not verified for authenticity or accuracy and is not guaranteed. Data last updated 2021-01-19T00:18:09.82.
     
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