$4,400,000
$4,690,000
6.2%For more information regarding the value of a property, please contact us for a free consultation.
4653 N Ocean Dr Lauderdale By The Sea, FL 33308
16,837 SqFt
Key Details
Sold Price $4,400,000
Property Type Commercial
Sub Type Hotel/Motel
Listing Status Sold
Purchase Type For Sale
Square Footage 16,837 sqft
Price per Sqft $261
MLS Listing ID A10875378
Sold Date 08/21/20
HOA Y/N No
Year Built 1955
Annual Tax Amount $74,020
Contingent Backup Contract/Call LA
Lot Size 0.621 Acres
Lot Dimensions 200
Property Description
South Florida boutique hotel located in the quaint seaside village of Lauderdale by the Sea -Submarket of Ft Lauderdale / Miami. A unique well maintained property in a one of a kind location. Hollywood International Airport–7 miles. Palm Beach International–40 miles. 8 miles to downtown / Las Olas. One block to one of the most beautiful beaches in S Florida. Owner or manager 2 bedroom, 2 bath penthouse with private elevator. Office. Heated pool & central air. Lush, tropical grounds. New roof, impact windows & other recent improvements. Excellent visibility–200’ of N. Ocean Drive frontage Ground lease–Approximately 79 years remaining. 2020 rent-$17,482. Annual rent is CPI adjusted and cannot increase more than 2% per year.
Location
State FL
County Broward County
Area 3130
Direction Turnpike or I95, east on Commercial Blvd, north on N Ocean Drive (A1A), .5 miles to the property.
Interior
Cooling Central Air
Flooring Tile
Exterior
Roof Type Other
Total Parking Spaces 22
Building
Story 2
Sewer Public Sewer
Water Public
Level or Stories Two
Structure Type Block
Others
Tax ID 494318012690
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Financing Cash
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Bought with Coldwell Banker Realty