Active

$2,500,000

Features:
  • Bedrooms
  • 0 Bathrooms
  • 6726 sq ft
Overview
  • ID: MFRO6363263
  • Bedrooms:
  • Bathrooms: 0
  • Size: 6726 sq ft
Property Details
Remarks
Auction Property. ONLINE AUCTION: Bidding begins 12/15/2025 @ 10:00 AM. Bidding ends 12/17/2025 @ 2:00 PM. List Price is Suggested Opening Bid. Deposit: $100,000. Casitas Coral Ridge is a stabilized, high-performing 16-unit hospitality asset generating consistent returns in Fort Lauderdale's high-barrier coastal market. Situated on a massive ±0.45-acre lot with 200 feet of frontage, this turnkey boutique hotel offers immediate cash flow. FINANCIAL HIGHLIGHTS: The property generated nearly $600k in Gross Revenue in 2024 with a Net Operating Income (NOI) of ±$442,172, demonstrating streamlined management and expense control. IMMEDIATE VALUE-ADD: One "Standard Room" unit is currently used as an administrative office; converting this back to a guest suite offers an immediate projected revenue bump of $30k-$40k/year. UNIT MIX: 16 Total Licensed Units across 2 buildings, comprised of (8) Full One-Bedrooms with Kitchens, (5) Standard Hotel Rooms, and (3) Studios with Kitchenettes. Amenities include a tiki terrace and on-site laundry. PRIME LOCATION: Located just 0.2 miles from Coral Ridge Mall (Target, Publix, AMC) and +/- 0.6 miles from Fort Lauderdale Beach. Easy 15-minute access to FLL International Airport.
Financial Considerations
Price:
$2,500,000
HOA Fee:
N/A
Tax Amount:
$18115.94
Price per SqFt:
$371.69
Tax Legal Description:
CORAL RIDGE GALT ADD NO 2 32-50 B LOT 10 BLK 2
Exterior Features
Lot Size:
20004
Lot Features:
N/A
Waterfront:
No
Parking Spaces:
N/A
Parking:
N/A
Roof:
Built-Up
Pool:
No
Pool Features:
N/A
Interior Features
Bedrooms:
Bathrooms:
0
Heating:
N/A
Cooling:
Wall/Window Unit(s)
Appliances:
N/A
Furnished:
No
Floor:
N/A
Levels:
N/A
Additional Features
Property Sub Type:
Hotel/Motel
Style:
N/A
Year Built:
1959
Construction Type:
Block, Stucco
Garage Spaces:
No
Covered Spaces:
N/A
Direction Faces:
N/A
Pets Allowed:
No
Special Condition:
Auction
Additional Features:
N/A
Additional Features 2:
N/A
Map
  • Address
    2648 NE 32ND ST
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