Eden Hotel
For sale3020-3024 Seville St, Fort Lauderdale, FL 33304
Property type
Hospitality
Unit / Space count
25
Price
$10,750,000
Building size
9,377 sf
Rentable area
9,377 SF
Year built
1945
Year renovated
Occupancy
Zoning code
Lot size
0.28 Acres
Bedroom count
CAP
5.19%
Price per Unit
$430,000
Price per SF
$1,146.42
Property description
This 9,377-square-foot, 25-unit asset presents a compelling opportunity for a hospitality-focused investor seeking scale, character, and immediate income. Originally constructed in 1945 & 1946 but fully gut-renovated with an effective year of 2026, the property offers a distinct architectural identity that aligns well with boutique or full-service hospitality concepts, while its unit count provides operational efficiency and revenue diversification. The building’s layout and vintage charm create a strong foundation for repositioning or continued use as a high-demand lodging asset. Currently operating with strong occupancy, the property delivers stabilized cash flow from day one, minimizing vacancy risk and providing a reliable income stream. The consistent occupancy underscores the asset’s functionality and appeal, while also offering a clear runway for a new owner to enhance revenue through strategic upgrades, branding, or service expansion. The property is well-suited for centralized management and streamlined operations typical of hospitality investments. The combination of its boutique appeal and new renovations offers a rare value-add opportunity in today’s market. Investors can capitalize on the existing performance while implementing a tailored vision to elevate the asset—whether through enhanced amenities or repositioning within the hospitality spectrum. This is a unique chance to acquire a stabilized yet flexible property with strong fundamentals and significant upside potential.
Property highlights
- Extremely Rare Fully Gut-Renovated And Turnkey Hotel Opportunity Located In The Heart Of Central Fort Lauderdale Beach Just Steps From The Beach
- Both Buildings Have Effective Years Of 2026
- Asset Consists Of (2) Adjacent Two-Story Buildings (Separately Parceled) With Shared Common Area Space
- Professionally Managed By 3rd Party Operators And Impeccably Maintained Both Inside And Out
- Diverse Unit Mix Appealing To Variety Of Clientele
- All Units Feature Luxurious Finishes With New Flooring, Mini-Split ACs, Premium Furniture And Appliances, Updated Bathrooms, High-Tech Secured Entry, Etc.
- Each Room Features Kitchen Area, Large TV, And High-Speed Internet, With Toiletries And Other Supplies Provided
- No Capital Expenditures Needed - All Plumbing & Electric Updated, New Roofs, And Hurricane-Impact Windows/Doors
- Hotel Amenities Include Picturesque Outdoor Community Space, Full-Sized Pool & Jacuzzi, Laundry Machines/Service On-Site, Rooftop Patio, And Parking On-Site
- Prime Central Beach Location Just North Of Las Olas Blvd And In Between N Birch Rd and N Fort Lauderdale Beach Blvd, Steps From The Beach, Restaurants, Nightlife, And More