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27 ROOMS HOTEL/MOTEL ON THE BEACH-21629

LAUDERDALE BY THE SEA, FL, 33308, USA

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FOR SALE
Property Type:
Motel
Amount:
$6,000,000 to $8,000,000
Cap Rate:
12.00%
Last Verified:
Jul 17, 2012

Comments/Additional Features

Well known hometown motel on the beach. Guest loyalty including international guest returning year after year. Owner looking to retire and turn the lucrative business over to a family or investor. The property over the last couple of years have been reconditioned including parking, tile floors in the units and more. Great income, excellent location within walking distance to shopping, dining and the pier. Lauderdale By The Sea is an international as well as local attraction destination for family’s and people that just want to relax in paradise. (5) One Bedrooms and (22) Efficiency's/Hotel Rooms. Heated Pool BROCHURE #21629. CONTACT MICHAEL SWING AT 954-551-4466.
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