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Shore Haven Resort Inn 4433 N Ocean Dr

68 Room Hotel Lauderdale By The Sea, FL 33308 $29,498,280 CAD ($433,798 CAD/Room) 8.20% Cap Rate

Investment Highlights

  • 350 feet of frontage on Ocean Drive
  • 2 swimming pools
  • Landscaped Courtyard and Gardens
  • 100 yards to the beach
  • 1 Jacuzzi
  • 65 Parking Spaces

Executive Summary

Shore Haven Resort Inn presents a rare and exceptional investment opportunity in the heart of Lauderdale-By-The-Sea. Situated on 1.15 acres with 350 feet of prime frontage along Ocean Drive, this 68-unit boutique hotel is located just steps from the beach. The property offers a diverse mix of studio apartments, hotel rooms, and one-bedroom units, making it an ideal candidate for revitalization and value-add strategies. With significant upside potential, minimal capital investment could dramatically improve operations, elevate occupancy rates, and capitalize on the area’s strong ADR and increasing demand for hospitality. Recent upgrades include hurricane impact windows and doors, making the property well-positioned for new ownership to step in and maximize returns. Don’t miss this generational opportunity to acquire a property with substantial upside in a high-barrier-to-entry market.
Highlights of the Opportunity:
- Prime Location: Situated in the heart of Lauderdale-By-The-Sea, just steps away from pristine white sand beaches and vibrant local attractions.
- Expansive Land Area: 1.15 acres of prime land, offering significant development and operational possibilities.
- Ocean Drive Frontage: 350 feet of valuable frontage along Ocean Drive, enhancing both visibility and accessibility.
- Recent Upgrades: The property has undergone recent improvements, including hurricane impact windows, doors, balcony railings and rebar, and many recently renovated rooms.
Drone video: https://youtu.be/uREcTUduenE?si=XgmM_jusJ7bVffP4

Financial Summary (Pro forma - 2025) Click Here to Access

Annual (CAD) Annual Per SF (CAD)
Gross Rental Income $99,999 $9.99
Other Income $99,999 $9.99
Vacancy Loss $99,999 $9.99
Effective Gross Income $99,999 $9.99
Taxes $99,999 $9.99
Operating Expenses $99,999 $9.99
Total Expenses $99,999 $9.99
Net Operating Income $99,999 $9.99

Financial Summary (Pro forma - 2025) Click Here to Access

Gross Rental Income (CAD)
Annual $99,999
Annual Per SF $9.99
Other Income (CAD)
Annual $99,999
Annual Per SF $9.99
Vacancy Loss (CAD)
Annual $99,999
Annual Per SF $9.99
Effective Gross Income (CAD)
Annual $99,999
Annual Per SF $9.99
Taxes (CAD)
Annual $99,999
Annual Per SF $9.99
Operating Expenses (CAD)
Annual $99,999
Annual Per SF $9.99
Total Expenses (CAD)
Annual $99,999
Annual Per SF $9.99
Net Operating Income (CAD)
Annual $99,999
Annual Per SF $9.99

Property Facts

Price $29,498,280 CAD
Price Per Room $433,798 CAD
Sale Type Investment
Cap Rate 8.20%
Property Type Hospitality
Property Subtype
Hotel
Building Class B
Lot Size 1.15 AC
Building Size 26,174 SF
No. Rooms 68
No. Stories 2
Year Built/Renovated 1968/2001
Parking Ratio 2.48/1,000 SF
Corridor Exterior

Amenities

  • Pool
  • Shuttle Service
  • High Speed Internet Access
  • Patio
  • Outdoor Pool
  • Public Access Wifi
  • Smoke-Free
  • Hot Tub
  • Fully-Equipped Kitchen

Room Mix Information

Description No. Rooms Daily Rate SF
Suite 43 $238.80 CAD -
Guest Room 25 $196.66 CAD -
Walk Score ®
Very Walkable (80)
Bike Score ®
Very Bikeable (76)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

PROPERTY TAXES

PROPERTY TAXES

Parcel Numbers
Multiple
  • 49-43-18-01-2140
  • 49-43-18-01-2210
  • 49-43-18-01-2180
Land Assessment
$785,056 CAD (2024)
Improvements Assessment
$3,964,623 CAD (2024)
Total Assessment
$12,389,280 CAD (2024)
Annual Taxes
-$1 CAD ($0.00 CAD/SF)
Tax Year
2025

zoning

Zoning Code RM-25 (The RM-25 zoning code in Lauderdale-by-the-Sea is a multifamily residential district that allows a variety of commercial and residential uses)
RM-25 (The RM-25 zoning code in Lauderdale-by-the-Sea is a multifamily residential district that allows a variety of commercial and residential uses)
  • Listing ID: 32707236

  • Date on Market: 2024-08-06

  • Last Updated:

  • Address: 4433 N Ocean Dr, Lauderdale By The Sea, FL 33308

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