Property
Beds
None
Full Baths
None
1/2 Baths
None
Year Built
1959
Sq.Footage
6,726
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.
Features & Amenities
Interior
-
Total Bedrooms
N/A
-
Bathrooms
N/A
-
Cooling YN
YES
-
Cooling
Wall/Window Unit(s)
-
Pet friendly
N/A
Exterior
-
Garage
No
-
Construction Materials
Block, Stucco
-
Pool
No
-
Waterfront YN
NO
Area & Lot
-
Lot Size(acres)
0.45
-
Property Type
Commercial Sale
-
Property Sub Type
Hotel/Motel
Price
-
Sales Price
$2,500,000
-
Tax Amount
18115.94
-
Sq. Footage
6, 726
-
Price/SqFt
$371
HOA
-
Association
No
School District
-
Elementary School
N/A
-
Middle School
N/A
-
High School
N/A
Property Features
-
Stories
1
-
Foundation Details
Slab
-
Ownership
Corporation
-
Tax Lot
10
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Location
County
Broward
Elementary School
Middle School
High School
Listing Courtesy of Adam Shpritz , ASHLAND AUCTION GROUP
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