Truly one of a kind Boutique / Resort hotel with an irreplaceable location! 150′ on the sand with an oceanfront pool. Located in the quaint seaside village of Lauderdale by the Sea. 47 Spacious Rooms and Suites. Restaurant for hotel guests, Seating – 55. B

4140 EL MAR DR, Lauderdale By The Sea

$16,500,000 USD
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Address4140 EL MAR DR, Lauderdale By The Sea
Building NameOceanfront Boutique Hotel
Type of PropertyHotel / Motel
Type of BusinessHotel / Motel
Property StyleHotel Waterfront
Price$16,500,000
Property StatusActive
MLS NumberA11001326
Property Size22500
Lot Size22500
Year Built1958
Folio Number494318010060
Zoning InformationRM-25
Days on Market113

Detailed Description: Truly one of a kind Boutique / Resort hotel with an irreplaceable location! 150′ on the sand with an oceanfront pool. Located in the quaint seaside village of Lauderdale by the Sea. 47 Spacious Rooms and Suites. Restaurant for hotel guests, Seating – 55. Bar with Full Liquor License. Oceanfront Heated Pool. Poolside Tiki Bar. Gym. Central Air Conditioning. Elevator. Additional Development Opportunity – 12 Rooms (Potential to flex to 20 rooms per the seller) and Luxury Thalassotherapy Spa. Asking $4,500,000 plus construction costs incurred to date. Seller recently decided they will not sell the hotel without the development. SELLER REQUIRES THAT LISTING AGENT MUST SCHEDULE AND ACCOMPANY ANY SITE VISITS.

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Address Information
StateFlorida
CityLauderdale By The Sea
CountyBroward County
Zip Code33308
Address4140 EL MAR DR
Section18
Zip Code (4 Digits)5419
Financial Information
Price$16,500,000
Price per Foot$0
Folio Number494318010060
Possession InformationFunding
Full Descriptions
Detailed DescriptionTruly one of a kind Boutique / Resort hotel with an irreplaceable location! 150′ on the sand with an oceanfront pool. Located in the quaint seaside village of Lauderdale by the Sea. 47 Spacious Rooms and Suites. Restaurant for hotel guests, Seating – 55. Bar with Full Liquor License. Oceanfront Heated Pool. Poolside Tiki Bar. Gym. Central Air Conditioning. Elevator. Additional Development Opportunity – 12 Rooms (Potential to flex to 20 rooms per the seller) and Luxury Thalassotherapy Spa. Asking $4,500,000 plus construction costs incurred to date. Seller recently decided they will not sell the hotel without the development. SELLER REQUIRES THAT LISTING AGENT MUST SCHEDULE AND ACCOMPANY ANY SITE VISITS.
How to ReachTurnpike or I95 to Commercial Blvd. East to Ocean, South on El Mar Dr. Submarket of Ft Lauderdale – Miami. Las Olas Blvd / downtown Ft Lauderdale – 7 miles, Ft Lauderdale International Airport – 11 miles, Miami – 37 miles, Palm Beach – 44 miles
Waterfront DescriptionOcean Front
Cooling DescriptionCentral Building A / C
Water DescriptionPublic
Sewer DescriptionPublic Sanitation
Property parameters
Living Area22500
Lot Size22500
Total Acreage0.000
Zoning InformationRM-25
Maximum Leasable Size22500
Year Built1958
Type of PropertyHotel / Motel
Type of BusinessHotel / Motel
StyleHotel Waterfront
Building NameOceanfront Boutique Hotel
Stories Number5
Listed withColdwell Banker Realty