Boutique Hospitality Property with
For Sale
$4,550,000
2640 & 2648 NE 32nd Street, Fort Lauderdale, FL 33306
Boutique hospitality asset offering spacious suites and guest accommodations within a tropical residential setting.
Property Size6,726 SF
Days on Market57
Property Features for 2640 & 2648 NE 32nd Street
General Information
Standard status
Active
Size
6,726 SF
Property subtype
Commercial
Occupancy
83%
Net Operating Income
$425,000
Additional Details
Cap Rate
9.3%
Building Details
Building Size
6,726 SF
Year Built
1959
Units
16
Listing Agency:
Matthews Real Estate
Listed By:
Julio Leyva · License #SL3639983 (FL)
(754) 288-1327
Source:
Matthews
Added: Jul 8
Changed: Aug 25
Last Checked: Sep 2 at 1:07PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Matthews Real Estate
Investment Insights
Based on property information with market context.
Casitas Coral Ridge is a boutique hospitality property featuring a mix of spacious suites and guest accommodations set within a tropical residential setting. The asset includes a management office, and the current ownership has implemented a technology-driven operating platform designed to improve operational efficiency and profitability.
Located in the Coral Ridge neighborhood of Fort Lauderdale, the property is approximately one mile from Fort Lauderdale Beach. The remarks cite strong year-round demand from leisure travelers, medical visitors, extended-stay guests, cruise passengers, and corporate travelers. The property currently generates approximately $425,000 in annual NOI and is offered at an approximately 9.3% going-in capitalization rate. Additional upside is noted through converting the existing management office into a revenue-generating guest suite and continuing operational optimization initiatives.
Located in the Coral Ridge neighborhood of Fort Lauderdale, the property is approximately one mile from Fort Lauderdale Beach. The remarks cite strong year-round demand from leisure travelers, medical visitors, extended-stay guests, cruise passengers, and corporate travelers. The property currently generates approximately $425,000 in annual NOI and is offered at an approximately 9.3% going-in capitalization rate. Additional upside is noted through converting the existing management office into a revenue-generating guest suite and continuing operational optimization initiatives.
Key Highlights
- Boutique hospitality property with spacious suites and guest accommodations in Coral Ridge, Fort Lauderdale
- Approximately $425,000 annual NOI and offered at a 9.3% going‑in capitalization rate
- Located about one mile from Fort Lauderdale Beach
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
3,268
Businesses Nearby
Explore this area
Business Placement
Demographics for 33306, FL
3,526
Population
2,109
Households
1.7
Avg Household Size
53
Median Age
44%
College-Educated
96%
High-School Grad
0.9 sq mi
ZIP Area
3,918
Density / Sq Mi
$82,375
Median Household Income
$77,118
Median Earnings
$1,369
Median Rent
$469,800
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Hotel - Boutique hospitality asset offering spacious suites and guest accommodations within a tropical residential setting.
Where is this hotel located?
The property is located at 2640 & 2648 NE 32nd Street Fort Lauderdale, FL.
What is the asking price?
The asking price for this property is $4,550,000.
What are key features of this property?
This property features: Boutique hospitality property with spacious suites and guest accommodations in Coral Ridge, Fort Lauderdale; Approximately $425,000 annual NOI and offered at a 9.3% going‑in capitalization rate; Located about one mile from Fort Lauderdale Beach
