2648 NE 32ND STREET, Fort Lauderdale, FL 33306

  • $2,500,000
2648 NE 32ND STREET, Fort Lauderdale, FL 33306
Canceled For Sale

2648 NE 32ND STREET, Fort Lauderdale, FL 33306

2648 NE 32ND STREET, Fort Lauderdale, FL 33306
  • $2,500,000

Overview

Property ID: O6363263
  • Hotel/Motel, Commercial Sale
  • Property Type
  • 6726
  • Sqft
  • 1959
  • Year Built

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.

  • Address 2648 NE 32ND STREET
  • City Fort Lauderdale
  • State/county FL
  • Zip/Postal Code 33306
  • Country US

Details

Updated on December 5, 2025 at 3:31 pm
  • Property ID: O6363263
  • Price: $2,500,000
  • Property Size: 6726 Sqft
  • Land Area: 0.45 Acres
  • Garage Size: x x
  • Year Built: 1959
  • Property Type: Hotel/Motel, Commercial Sale
  • Property Status: Canceled, For Sale
  • MLS#: O6363263

Additional details

  • Roof: Built-Up
  • Cooling: Wall/Window Unit(s)
  • County: Broward
  • Property Type: Commercial Sale

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