605 S. Riverside – Direct Intracoastal Boutique Hospitality
Direct Intracoastal Boutique Hospitality Asset | 5 Keys | Forward 5%+ Yield
Marketing description
Direct Intracoastal Boutique Hospitality Asset | 5 Keys | Forward Yield Expansion
ONE Sotheby’s International Realty is pleased to present 605 S. Riverside Drive, a fully operational five-key waterfront hospitality asset located directly on the Intracoastal Waterway in Pompano Beach, Florida.
The property has operated successfully for nearly a decade and delivered stabilized 2025 performance with demonstrated forward revenue growth entering 2026. Q1 2026 occupancy exceeded 90% with double-digit ADR growth year-over-year, supporting projected forward NOI expansion.
This offering represents:
• Direct Intracoastal frontage in a supply-constrained submarket
• Commercially licensed hospitality use
• Established operating history
• Renovated interiors and recent capital improvements
• Operational efficiency with preserved margins
• Forward yield trending above 5% under conservative 2026 modeling
The asset combines stabilized income with clear growth visibility in one of South Florida’s most desirable waterfront corridors.
Detailed financials and supporting documentation available upon execution of NDA.
Investment highlights
Investment Highlights:
• Direct Intracoastal Waterfront Positioning – Irreplaceable frontage in a supply-constrained Pompano Beach submarket.
• Five-Key Boutique Hospitality Asset – Stabilized operations with nearly a decade of continuous performance history.
• Demonstrated Income & Forward Yield Expansion – 2025 stabilized NOI with Q1 2026 occupancy exceeding 90% and double-digit ADR growth supporting forward 5%+ capitalization.
• Commercially Licensed Hospitality Use – Valid State of Florida and City of Pompano Beach approvals providing long-term operational clarity.
• Operational Efficiency & Margin Preservation – Historically self-managed structure maintaining strong NOI performance.
• Recent Capital Improvements – Impact glass, updated A/C systems, renovated interiors, and resort-style pool enhancements reduce near-term capital expenditure exposure.
• Turnkey Hospitality Infrastructure – Furnishings, fixtures, equipment, and operational systems convey at closing, allowing seamless continuity.
• Waterfront Lifestyle Demand Driver – Positioned within a high-income coastal corridor with consistent year-round lodging demand.
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