For Sale
$990,000

1112 5Th AveFort Lauderdale, FL 33304

Eight-room hotel, high ROI potential.

Overview

Added:
Dec 11, 2024
Days on market:
113
This exceptional investment opportunity presents a charming eight-room, sixteen-bed hotel ideally situated at 1112 NE 5th Ave #2, Fort Lauderdale, Florida 33304. Built in 1982, this property offers significant potential for value appreciation. Currently operating as a hostel, its prime location offers easy access to key attractions including Las Olas Boulevard, Fort Lauderdale Airport, The Galeria at Fort Lauderdale, Port Everglades, and the Bonnet House, ensuring high occupancy rates and strong revenue generation. The property's current Net Operating Income (NOI) stands at $93,696, resulting in an attractive capitalization rate of 9.46%. This translates to a strong return on investment for a savvy buyer. The asking price for the hotel, including the existing business, is $990,000. Alternatively, the real estate itself is available for purchase separately at a price of $890,000, presenting a unique opportunity for investors seeking a blank canvas to develop their own hospitality venture. This classic add-value investment is poised for significant growth and offers a compelling opportunity in the thriving Fort Lauderdale market. The property is a duplex structure, offering potential for expansion or renovation to further enhance profitability. This is a rare chance to acquire a well-located, income-producing asset with substantial upside potential.

Highlights

  • Exceptional eight-room, sixteen-bed hotel investment opportunity in Fort Lauderdale, FL.
  • Prime location near Las Olas Boulevard, Fort Lauderdale Airport, and other attractions ensures high occupancy.
  • Strong financials: $990,000 asking price (business included), $890,000 for real estate only, $93,696 NOI, 9.46% cap rate.
  • Built in 1982, duplex structure offers potential for expansion or renovation.
  • Currently operating as a hostel, presents significant value appreciation potential.

Property Details for 1112 5Th Ave

Property type
Hospitality properties, Hotels
Year Built
1982

Location Insight

City
Fort Lauderdale
County
Broward
State
Florida
Latitude
26.1392977
Longitude
-80.1392689
1112 5Th Ave, Fort Lauderdale, Florida

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1112 5Th Ave
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