2648 NE 32ND ST new Save Request In-Person Tour Request Virtual Tour
Fort Lauderdale,FL 33306
Key Details
Property Type Commercial
Sub Type Hotel/Motel
Listing Status Active
Purchase Type For Sale
Square Footage 6,726 sqft
Price per Sqft $371
Subdivision Coral Ridge Galt Add 2
MLS Listing ID O6363263
HOA Y/N No
Year Built 1959
Annual Tax Amount $18,115
Lot Size 0.450 Acres
Acres 0.45
Property Sub-Type Hotel/Motel
Source Stellar MLS
Property Description
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.
Location
State FL
County Broward
Community Coral Ridge Galt Add 2
Area 33306 - Fort Lauderdale
Zoning RMM-25
Interior
Cooling Wall/Window Unit(s)
Exterior
Roof Type Built-Up
Building
Story 1
Foundation Slab
Lot Size Range 1/4 to less than 1/2
Structure Type Block,Stucco
New Construction false
Others
Ownership Corporation
Special Listing Condition Auction
Virtual Tour https://www.propertypanorama.com/instaview/stellar/O6363263