Green Island Inn one unique property by its Key West ambiance, its 870 proximity to the best beaches in Fort Lauderdale and its RMH-60 zoning. It has been owned by a family for 60 years. 25 units motel operated as 27 units in a good condition. Extensive landscaping creates a lot of privacy for the guests. Open courtyard is surrounding large in-ground pool with gazebos.
2 bldg. dated back to 1955 with a third bldg. constructed in 1973. 10,906 sf.ft. structure sits on 24,059 sf.ft. (0.55 ac) of land. Zoning RMH-60 Residential Multifamily High- Rise Density District allows 50 units per ac. Permitted uses include multifamily residential use, hotels, motel, and day care facilities. It allows mixed-use development, nursing homes, schools, hospitals, etc. as conditional use.
Units break down as follows: 11 efficiencies (265 sf.ft), 10 large efficiencies (365 sf.ft) and 4 one bedrooms of different sizes (378-858 sf.ft). The efficiencies have a living/sleeping area and a bathroom along with a full kitchen. The one bedroom/one bath units have a living area, a separate bedroom, a
kitchen and a full bathroom. Floor plans included.
27 parking spaces provides 1.08 ratio per unit which is very adequate for current use.
Roof is flat concrete with build out surface. 50y re-certification was done in 2020.
Prior to 2017 property was operated as housing for language school.
Property has not been operated in its full capacity. Owner is ready to retire.
