4213 El Mar DrLauderdale-by-the-Sea, FL 33308

Property Details for 4213 El Mar Dr

Year built

1954

Property size (Sq ft)

3,694 SF

Property type

Hospitality properties

Property subtype

Other hospitality properties

Description

This exceptional 3,694 square foot hotel, Sunny Shores Inn & Suites, presents a lucrative investment opportunity in the desirable Lauderdale-by-the-Sea, Florida. Built in 1954 and situated on El Mar Drive, this two-story building boasts six well-appointed, fully furnished suites ranging from one to four bedrooms, making it the only hotel in the area to offer four-bedroom accommodations. Four of the six suites are currently under long-term leases with varying expiration dates between July 2024 and February 2025. A detailed rent roll is available upon request. The property features convenient on-site parking and a laundry facility, enhancing guest convenience. Enjoy the outdoor amenities including a refreshing pool, relaxing terrace, and inviting patio area. Its prime location offers easy access to the beach, just steps away, and is within walking distance of local restaurants like Get Reel Ceviche. The property is also conveniently located a short 10-minute drive from Imperial Point and a 25-minute walk from Knoll Ridge. The hotel is zoned RM-25. This is a rare opportunity to acquire a well-established beachfront hotel with significant upside potential. The asking price is $3,600,000, translating to $974.55 per square foot.

Location Insight

City

Lauderdale-by-the-Sea

County

Broward

State

Florida

Latitude

26.1864

Longitude

-80.0964

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