3020 + 3024 Seville Street, Fort Lauderdale, FL 33304
$10,750,000 · $1,198 per sq ft · Hotel/Motel for sale
- Property type: Hotel/Motel
- Asking price: $10,750,000
- Price per sq ft: $1,198
- Building size: 8,973 sq ft
- Lot size: 6,098 sq ft
- Zoning: ABA
- Year built: 1946
- Net operating income: $840,000/yr
- Cap rate: 7.8%
- Parcel ID: 504212100670
- MLS#: A12083379
About this property
This 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 whileimplementing 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.
Operating Statement
| Gross scheduled income | $1,157,000/yr |
|---|---|
| Insurance | $73,186/yr |
| Net operating income | $840,000/yr |
| Cap rate at asking price | 7.8% |
Income and expenses as the seller entered them in the MLS, not verified. A buyer's lender underwrites from the actual statements and the property tax and insurance a new owner will pay.
About the Business at 3020 + 3024 Seville Street
- Included: Building, Furniture, Land, Leases, Machinery, Signs
Presented by
BreakThru Realty · (786) 914-1017
Courtesy of
La Rosa Realty LLC · joe@larosarealtycorp.com · Listing agent: Lou C Corda
All listings featuring the BMLS logo are provided by BeachesMLS, Inc. This information is not verified for authenticity or accuracy and is not guaranteed. Copyright © 2026 BeachesMLS, Inc. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by BeachesMLS. Listings held by brokerage firms other than BreakThru Realty carry the name of the listing broker.
Request a tour or more information
Call or text BreakThru Realty at (786) 914-1017 or email sales@breakthrurealty.com to tour 3020 + 3024 Seville Street or to ask for what the listing leaves out: the rent roll, the leases and the operating statements.
Questions About 3020 + 3024 Seville Street
- How much is 3020 + 3024 Seville Street?
- 3020 + 3024 Seville Street is listed at $10,750,000, about $1,198 per square foot of building. Ask for the rent roll, the existing leases and the operating statements: for an income property those, more than the asking price, show what the building is worth.
- What is the cap rate on 3020 + 3024 Seville Street?
- The listing reports net operating income of $840,000 a year, a cap rate of about 7.8% at the $10,750,000 asking price. Seller-reported income is a starting point: verify it against the rent roll, the leases and the operating statements during due diligence.
- What is 3020 + 3024 Seville Street zoned?
- The listing reports zoning of ABA. Permitted uses, parking and signage are set by the city or county zoning code, so confirm your intended use with the local zoning office before you close.
- How big is 3020 + 3024 Seville Street?
- The listing reports 8,973 square feet of building.
- When was 3020 + 3024 Seville Street built?
- 3020 + 3024 Seville Street was built in 1946. For an older commercial building, ask about the roof, the HVAC and electrical systems, fire and life-safety compliance and whether a county building safety recertification is due.
- How do I tour 3020 + 3024 Seville Street?
- Request a tour from this page or call BreakThru Realty. A licensed agent will arrange access with the listing broker and ask for what the listing leaves out, such as the rent roll, the leases and the operating statements.
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