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Manhattan Tower Apartment Hotel 701 Bayshore Dr

13 Room Hotel Fort Lauderdale, FL 33304 £9,875,125 (£759,625/Room)

Investment Highlights

  • 14-18 Units with 6 Deluxe Apartments directly on the Intracoastal.
  • Additional property across the street is also available but only as part of the purchase of this property.

Executive Summary

Prime Intracoastal property is currently operated as a hotel and restaurant. The Restaurant may be expanded into adjoining apartments to create a flagship restaurant for a master chef, develop the current hotel into a Luxury Boutique Hotel with 14+ suites with full kitchens and mid-century iconic architecture, or create your dream of a fantasy project. Possibilities are endless.
14-18 Units with 6 Deluxe Apartments directly on the Intracoastal
1 Studio apartment with full kitchen and oversized balcony on the waterfront
1 One-bedroom apartment with balcony on the waterfront
2 Two bedroom/two bath apartments with balcony on the waterfront
1 Two-Bedroom/two bath apartment with 2 balconies, 1 on the waterfront and 1 overlooking the pool.
1 Penthouse 3 bedroom/3 bathrooms, nearly 3000 sq ft with three balconies on the waterfront and private rooftop terrace
Note: Additional property across the street is also available but only as part of the purchase of this property.

Property Facts

Price £9,875,125
Price Per Room £759,625
Sale Type Investment
Sale Conditions Development Sale
Property Type Hospitality
Property Subtype Hotel
Building Class B
Lot Size 0.28 AC
Building Size 13,093 SF
No. Rooms 13
Number of Floors 3
Year Built 1957
Parking Ratio 0.84/1,000 SF
Corridor Exterior

Amenities

  • High Speed Internet Access
  • Patio
  • Public Access Wi-Fi
  • Smoke-Free
  • Fully-Equipped Kitchen
  • Multi-Room Suites

Room Mix Information

Description No. Rooms Daily Rate SF
Suite 13 £175.38 -

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
50-42-01-06-0760
Land Assessment
£0
Improvements Assessment
£0
Total Assessment
£1,520,066

zoning

Zoning Code A-BA, Ft Lauderdale (IOA Intracoatal Overlook Area)
A-BA, Ft Lauderdale (IOA Intracoatal Overlook Area)
  • Listing ID: 31637386

  • Date on Market: 28/04/2024

  • Last Updated:

  • Address: 701 Bayshore Dr, Fort Lauderdale, FL 33304

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