The Shell Motel portfolio is comprised of 5 properties 4 of which are contiguous and the 5th is located across the street in an opportuneity zone east of US 1. The property offers great exposure on the federal Highway core door in a municipality which is experiencing tremendous growth and appreciation. In 2017, the Shell Motel has been designated Travelers’ Choice by the hotel reservation site Trip Advisor. Reviews from visitors refer to the cleanliness of the premises and the friendly service provided to them during their stay. The property operates in season primarily with little effort during off-season. The OM utilizes a 12 month operating platform was utilized with 95% occupancy in season and 70% occupancy out of season. Property supports a stabilized 7+ % capitalization rate
IDX information is provided by the Greater Fort Lauderdale REALTORS® 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.
The data relating to real estate for sale/lease on this web site come in part from a cooperative data exchange program of the multiple listing service (MLS) in which this real estate firm (Broker) participates. The properties displayed may not be all of the properties in the MLS’s database, or all of the properties listed with Brokers participating in the cooperative data exchange program. Properties listed by Brokers other than this Broker are marked with either the listing Broker’s logo or name or the MLS name or a logo provided by the MLS. Detailed information about such properties includes the name of the listing Brokers. Information provided is thought to be reliable but is not guaranteed to be accurate; you are advised to verify facts that are important to you. No warranties, expressed or implied, are provided for the data herein, or for their use or interpretation by the user. The Greater Fort Lauderdale REALTORS® and its cooperating MLSs do not create, control or review the property data displayed herein and take no responsibility for the content of such records. Federal law prohibits discrimination on the basis of race, color, religion, sex, handicap, familial status or national origin in the sale, rental or financing of housing.