For Sale
$1,900,000

908 15Th AveFort Lauderdale, FL 33304

8-Room Boutique Hotel, Prime Location

Overview

Added:
Dec 11, 2024
Days on market:
114
This fully renovated, 8-key hotel in Fort Lauderdale's Victoria Park offers an exceptional investment opportunity. Built in 1957 and extensively renovated in 2021, this two-story, 2,060 square foot property sits on a 0.15-acre lot (APN: 49-42-34-05-8030) and is zoned RMM-25. Its prime location near Las Olas Boulevard, the beach, and the Seminole Hard Rock Hotel & Casino, within the high-traffic corridor of Sunrise Boulevard (approx. 60,600 vehicles daily), ensures strong demand. The property benefits from its proximity to numerous attractions, including Bonnet House Museum & Gardens, the Museum of Discovery and Science, and Nova Southeastern University, all within the Miami-Fort Lauderdale-Pompano Beach MSA (population over 6 million). Currently operating as a short-term rental/Airbnb, this hotel presents significant upside potential for an owner-operator, given its current absentee ownership. The asking price is $1,900,000 ($922.33/sq ft). This represents an entry-level price point for a fully renovated hotel in a highly sought-after South Florida market with limited hotel supply. The property's success is further supported by its location amongst million-dollar homes and townhomes in one of Fort Lauderdale's most affluent neighborhoods. This is a rare opportunity to acquire a profitable, established hospitality business in a thriving market.

Highlights

  • Excellent short-term rental/Airbnb opportunity.
  • $1,900,000 asking price, representing an entry-level price point.
  • Significant management upside potential; currently absentee-owned.
  • Prime Victoria Park location in Fort Lauderdale, near million-dollar homes.
  • Located in South Florida's Tri-County area.
  • High traffic count (approx. 60,600 vehicles daily) on nearby Sunrise Boulevard.

Property Details for 908 15Th Ave

Property type
Hospitality properties, Motels
Square Feet
2,060 SF
Year Built/Renovated
1957/2021
Buildings
1
Stories
2
Lot Size (sq. ft)
6,534 SF

Location Insight

City
Fort Lauderdale
County
Broward
State
Florida
Latitude
26.1358568
Longitude
-80.128243
908 15Th Ave, Fort Lauderdale, Florida

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908 15Th Ave
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