Kanda Zen 605 S Riverside Dr Services hôteliers 5 chambres 3 531 658 € (706 332 €/Chambre) Taux de capitalisation 4,42 % Pompano Beach, FL 33062

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.