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Kanda Zen 605 S Riverside Dr 5 Pièce Hôtel Pompano Beach, FL 33062 5 588 054 $ CAD (1 117 611 $ CAD/Pièce) 4,42% Taux de capitalisation
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Faits saillants de l'investissement
- Direct Intracoastal Waterfront Location – Positioned in a supply-constrained coastal submarket surrounded by multi-million-dollar estates.
- Stabilized 2025 NOI: $181,141 – Forward 2026 NOI projected at $205K–$220K based on current booking velocity.
- Recent Capital Improvements – Impact-rated windows, updated HVAC systems, renovated interiors, and enhanced waterfront amenities.
- Licensed Boutique Hospitality Asset – Five-key transient lodging property with ADR-driven revenue and nearly a decade of operating history.
- Fully Furnished Turnkey Offering – Sale includes FF&E, systems, operational infrastructure, and established booking presence.
- Waterfront Expansion Potential – Flexible dock configuration, potential boat lift installation or enhanced marine guest amenities *Subject to approval
Résumé de l'annonce
605 S. Riverside Drive – Trophy Intracoastal Boutique Hospitality Offering
605 S. Riverside Drive represents a rare opportunity to acquire a five-key waterfront hospitality asset positioned directly on the Intracoastal Waterway in Pompano Beach, Florida. The property generated $181,141 in trailing 2025 net operating income, reflecting stabilized operations supported by nearly a decade of continuous performance history. The asset operates as a licensed transient lodging property with ADR-driven revenue, distinct from traditional multifamily leasing.
First quarter 2026 occupancy exceeded 90%, accompanied by double-digit ADR growth year-over-year. Based on current booking velocity and conservative seasonal modeling, projected 2026 NOI trends toward the $205,000–$220,000 range, supporting forward yield expansion above 5% at the $4.1M asking price.
The property consists of five fully furnished guest suites with direct Intracoastal frontage and unobstructed water views. Surrounded by multi-million-dollar waterfront estates, the asset offers a boutique hospitality experience in a supply-constrained coastal corridor. Recent capital improvements include impact-rated windows, updated HVAC systems, renovated interiors, and enhanced waterfront amenities, minimizing near-term capital requirements.
The waterfront configuration provides flexibility for expanded dock utilization, including potential boat lift installation or enhanced marine guest amenities, presenting additional revenue opportunities subject to municipal approvals.
The property maintains valid State of Florida and City of Pompano Beach licensing for hospitality use, providing operational clarity and institutional-grade positioning within one of South Florida’s most desirable waterfront submarkets.
Detailed financials available upon request.
605 S. Riverside Drive represents a rare opportunity to acquire a five-key waterfront hospitality asset positioned directly on the Intracoastal Waterway in Pompano Beach, Florida. The property generated $181,141 in trailing 2025 net operating income, reflecting stabilized operations supported by nearly a decade of continuous performance history. The asset operates as a licensed transient lodging property with ADR-driven revenue, distinct from traditional multifamily leasing.
First quarter 2026 occupancy exceeded 90%, accompanied by double-digit ADR growth year-over-year. Based on current booking velocity and conservative seasonal modeling, projected 2026 NOI trends toward the $205,000–$220,000 range, supporting forward yield expansion above 5% at the $4.1M asking price.
The property consists of five fully furnished guest suites with direct Intracoastal frontage and unobstructed water views. Surrounded by multi-million-dollar waterfront estates, the asset offers a boutique hospitality experience in a supply-constrained coastal corridor. Recent capital improvements include impact-rated windows, updated HVAC systems, renovated interiors, and enhanced waterfront amenities, minimizing near-term capital requirements.
The waterfront configuration provides flexibility for expanded dock utilization, including potential boat lift installation or enhanced marine guest amenities, presenting additional revenue opportunities subject to municipal approvals.
The property maintains valid State of Florida and City of Pompano Beach licensing for hospitality use, providing operational clarity and institutional-grade positioning within one of South Florida’s most desirable waterfront submarkets.
Detailed financials available upon request.
Faits sur la propriété
Commodités
- Balcon
- Piscine
- Accès Internet à haute vitesse
- Patio
- Accès Wi-Fi public
- Cuve thermale
- Cuisine entièrement équipée
- Suites multi-pièces
Pièce renseignements sur le mélange
| Description | Nombre de pièces | Taux quotidien | pi² |
|---|---|---|---|
| Suite | 5 | 227,61 $ CAD | - |
1 1
Impôts fonciers
| Numéros de lot | Évaluation des bâtiments | 3 041 725 $ CAD | |
| Évaluation du terrain | 950 063 $ CAD | Évaluation totale | 3 991 789 $ CAD |
Impôts fonciers
Numéros de lot
Évaluation du terrain
950 063 $ CAD
Évaluation des bâtiments
3 041 725 $ CAD
Évaluation totale
3 991 789 $ CAD
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Présenté par
Kanda Zen | 605 S Riverside Dr
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