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Sky Islands Hotel 4117 N Ocean Blvd 16 Room Hotel Fort Lauderdale, FL 33308 $4,900,000 ($306,250/Room) 7.35% Cap Rate
INVESTMENT HIGHLIGHTS
- Location: Exceptional frontage along A1A, within walking distance to the beach, shops, restaurants, and nightlife
- Zoning: Flexible zoning allowing for potential redevelopment or repositioning
- Surrounding Growth: Situated in a high-demand area undergoing continuous transformation with increasing tourist traffic and upscale developments nearb
- Cash flow from hotel, laundry, retail store, along with a beer, wine and tobacco license, and commercial kitchen license.
- Investment Upside: Ideal for continued hospitality operations, short-term rentals, or future redevelopment into luxury condos or mixed-use
- Seller is offering a $200,000 seller credit at close for room and roof renovations.
EXECUTIVE SUMMARY
Molinari Commercial is pleased to present the opportunity to acquire this 2-story, 16-room exterior corridor hotel consisting of 8 hotel rooms & 8 efficiencies with a kitchenette and all impact windows.The property also features a wine and beer sales license, commercial kitchen, and retail store.
Built in 1967 and spanning 0.30 acres with direct frontage on Ocean Drive, this boutique hotel is a rare gem just steps from Fort Lauderdale Beach. Featuring an outdoor pool, picnic & BBQ area, retail beer/wine/tobacco shop, ATM, and 24-hour front desk, it’s fully equipped for guest convenience.
Located in the heart of one of Florida’s most visited coastal markets, the property is surrounded by top demand drivers including Las Olas, Downtown Fort Lauderdale, Lauderdale by the Sea, and the FLL International Airport just 10 miles away.
Whether you're seeking turnkey cash flow or envisioning a future redevelopment, 4117 N Ocean Blvd offers unmatched location, strong visibility, and exceptional upside.
Seller is offering a $200,000 seller credit at close for room and roof renovations.
Built in 1967 and spanning 0.30 acres with direct frontage on Ocean Drive, this boutique hotel is a rare gem just steps from Fort Lauderdale Beach. Featuring an outdoor pool, picnic & BBQ area, retail beer/wine/tobacco shop, ATM, and 24-hour front desk, it’s fully equipped for guest convenience.
Located in the heart of one of Florida’s most visited coastal markets, the property is surrounded by top demand drivers including Las Olas, Downtown Fort Lauderdale, Lauderdale by the Sea, and the FLL International Airport just 10 miles away.
Whether you're seeking turnkey cash flow or envisioning a future redevelopment, 4117 N Ocean Blvd offers unmatched location, strong visibility, and exceptional upside.
Seller is offering a $200,000 seller credit at close for room and roof renovations.
DATA ROOM Click Here to Access
- Offering Memorandum
FINANCIAL SUMMARY (ACTUAL - 2023) |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
-
|
-
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
-
|
-
|
| Net Operating Income |
$367,000
|
$27.59
|
FINANCIAL SUMMARY (ACTUAL - 2023)
| Gross Rental Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Net Operating Income | |
|---|---|
| Annual | $367,000 |
| Annual Per SF | $27.59 |
PROPERTY FACTS
AMENITIES
- Balcony
- Pool
- On-Site Retail
- Patio
ROOM MIX INFORMATION
| DESCRIPTION | NO. ROOMS | DAILY RATE | SF |
|---|---|---|---|
| Guest Room | 16 | $105.00 | - |
1 1
PROPERTY TAXES
| Parcel Number | 49-43-19-03-0470 | Improvements Assessment | $0 (2025) |
| Land Assessment | $0 (2025) | Total Assessment | $2,035,990 (2025) |
PROPERTY TAXES
Parcel Number
49-43-19-03-0470
Land Assessment
$0 (2025)
Improvements Assessment
$0 (2025)
Total Assessment
$2,035,990 (2025)
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Sky Islands Hotel | 4117 N Ocean Blvd
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