901 Las Olas BlvdFort Lauderdale, FL 33312

Property Details for 901 Las Olas Blvd

Year built

1979

Construction

CONCRETE

Lot size

0.88 AC

Property size (Sq ft)

22,200 SF

Zone code

B-1

Property type

Office properties

Property subtype

Office buildings

APN

50-42-11-01-0670

APU

504211010670

Description

This charming 2-story, 2,498 sq ft hotel in Fort Lauderdale's Sailboat Bend boasts 5 beds and was fully renovated in 2022. Built in 1923, this historic property sits on a large 13,000 sq ft corner lot (130' x 100') at the intersection of Las Olas Blvd and Lauderdale Trail, offering stunning downtown views. Its prime location provides easy access to the Riverwalk, Museum of Discovery & Science, Esplanade Park, and the vibrant Las Olas entertainment district. Zoned RML-25, this property presents a unique opportunity as a thriving Airbnb business or a dream home. Enjoy proximity to Tequesta Park, a waterfront oasis on the National Register of Historic Places. The asking price is $1,250,000. This exceptional property offers a blend of history, location, and modern amenities, making it an ideal investment.

• CAP approach

  CAP return

  Valuation

  6%

  $6,600,134

  6.5%

  $6,092,432

  7%

  $5,657,258

• Comparable approach

  Method

  Valuation

  Relative Method

  $6,558,324

  Geo Method

  $6,558,324

• Alternative Use

  Use

  Valuation

  Residential

  $7,554,616

  Hospitality

  $6,919,988

  Educational

  $5,757,348

  Medical

  $5,955,352

  Retail

  $8,955,875

Location Insight

City

Fort Lauderdale

County

Broward

State

Florida

Latitude

26.1197

Longitude

-80.1337

CBSA code

33100

CBSA name

MIAMI-FORT LAUDERDALE-MIAMI BEACH, FL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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