Casitas Coral Ridge
2640 & 2648 NE 32nd St, Fort Lauderdale, FL 33306
INVESTMENT HIGHLIGHTS
The Opportunity
Ashland Auction Group is pleased to present Casitas Coral Ridge, a 16-unit garden-style boutique hotel located in the prestigious Coral Ridge neighborhood of East Fort Lauderdale. Situated on a ±0.45-acre parcel with RMM-25 zoning, this property offers a rare combination of immediate cash flow and significant future redevelopment potential.
Currently operating as a fully licensed transient lodging facility, the property benefits from high barriers to entry in one of South Florida's most desirable coastal markets. The hotel is positioned just minutes from the beach, the Intracoastal Waterway, and major retail corridors.
Investment Highlights
- Turnkey Operation: Active hotel license & strong occupancy history.
- Prime Location: 0.2 miles to Coral Ridge Mall, 0.9 miles to Beach.
- Zoning Upside: RMM-25 allows for medium-high density residential or tourism uses.
- Large Footprint: Over 20,000 SF of land with 200' frontage.
Property At A Glance
Site Specifications
| Address | 2640-2648 NE 32nd St |
| City, State, Zip | Fort Lauderdale, FL 33306 |
| County | Broward County |
| Parcel ID (Folio) | 4942-24-01-0240 |
| Land Area | ±0.45 Acres (20,004 SF) |
| Zoning | RMM-25 |
| Frontage | 200 Feet on NE 32nd St |
| Parking | 17 Surface Spaces |
Building Information
| Number of Buildings | 2 |
| Stories | 1 (Single Story) |
| Construction | CBS / Stucco |
| Roof | Pitched / Tile (Verify) |
| Total Building Area | ±6,726 SF |
| Hotel License | MOT1603176 (Active) |
Site boundary is approximate and for illustrative purposes only.
Originally constructed as (8) large 2-bedroom / 2-bathroom apartments, the property has been successfully repurposed into a high-yield hospitality layout consisting of 16 individual keys.
Current Configuration
The unit mix is split between two buildings (2640 Building & 2648 Building):
| Unit Type | Count | Description |
|---|---|---|
| Guest Suites | 6 | 1 Bedroom / 1 Bathroom with private Kitchenette. Ideal for extended stays. |
| Standard Rooms | 10* | Standard hotel-style room with 1 Bedroom / 1 Bathroom. |
| TOTAL | 16 | Fully Licensed Units |
*Operational Note: One "Standard Room" unit is currently utilized as an on-site administrative office/reception but remains included in the licensed unit count.
Interior Accommodations
Strategic Location
The property is located in the heart of East Fort Lauderdale, bridging the gap between the quiet residential streets of Coral Ridge and the vibrant commercial corridors of US-1 and Oakland Park Blvd.
Nearby Points of Interest
| Coral Ridge Mall (Target/Publix) | 0.1 mi |
| Coral Ridge Country Club | 0.3 mi |
| Mai Kai Restaurant | 0.5 mi |
| Fort Lauderdale Beach | 0.9 mi |
| Galleria at Fort Lauderdale | 2.2 mi |
Transportation Access
| US-1 (Federal Hwy) | 2 mins |
| Tri-Rail (Cypress Creek) | 10 mins |
| FLL Int'l Airport | 15 mins |
| Port Everglades | 20 mins |
| Miami Int'l Airport | 45 mins |
Coral Ridge: Premier Coastal Living
Coral Ridge is one of Fort Lauderdale’s most established and affluent neighborhoods. Known for its deep-water yacht clubs, championship golf courses, and proximity to private schools and high-end retail, the area attracts a wealthy demographic and high-value tourism.
Tourism Drivers
Fort Lauderdale welcomes millions of visitors annually, driven by the Fort Lauderdale International Boat Show (the largest in the world), the pristine Atlantic beaches, and a booming cruise industry at Port Everglades.
Demographics (3-Mile Radius)
| Population | 115,473 |
| Households | 56,677 |
| Avg Household Income | $104,941 |
| Median Age | 49.1 |
| Bachelor's Degree+ | 39% |
Zoning: RMM-25
The property falls under the RMM-25 (Residential Multifamily Mid Rise / Medium High Density) district. This zoning designation is highly favorable for investors looking to redevelop or expand the current footprint.
Allowable Density & Use
- Residential Density: Up to 25 Dwelling Units per Net Acre.
- Hotel/Motel Density: Up to 30 Rooms per Net Acre.
- Height: Mid-rise allowance (Consult City Code for specifics).
Permitted Typologies
According to the Zoning Division of the City of Fort Lauderdale, permitted uses in this district include:
- Bed & Breakfast
- Hotel / Motel
- Multifamily Dwellings
- Cluster Dwellings
- Townhouse Groups
- Zero Lot Line Dwellings
- Single Family Homes
- Nursing Home Facilities
Intent: The RMM-25 district is intended to serve as a transition from medium-high density multifamily housing and hotel development to single-family neighborhoods. It is strategically located near arterial streets and commercial facilities.
CONTACT FOR AUCTION DETAILS
Adam Shpritz | Auctioneer and Broker
410-488-3124
www.AshlandAuction.com