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4117 N Ocean Blvd
Fort Lauderdale, FL 33308
Sky Islands Hotel · Hospitality Property For Sale
·
16 Rooms
Investment Highlights
- 16 Total Units (8 Rooms + 8 Efficiencies)
- Turn-Key Operation with Motel, Tobacco, and Alcohol Licenses
- 1 water meter, 8 electric meters, few updated units, onsite management, and wall/window ac
- Annual Gross Income: $450,000 & Annual NOI: $346,000
- Approximately 500 Feet from Fort Lauderdale Beach
- Direct A1A / N Ocean Dr Frontage
Executive Summary
Located at 4117 N Ocean Dr in Fort Lauderdale, this 16 unit motel is a rare turn-key investment steps from the beach. Built in 1968 on a 0.30 acre lot with direct A1A frontage, the property features 8 traditional hotel rooms and 8 efficiencies, giving operators flexibility for short-term and extended-stay guests.
The property is fully equipped to operate day one, with an outdoor pool, picnic and barbecue area, a retail store licensed for beer, wine, and tobacco, an ATM, and 24-hour front desk. It holds motel, tobacco, and alcohol licenses, with 1 water meter and 8 electric meters. Onsite management is in place, units are cooled by wall and window AC, and several are already updated.
About 500 feet from Fort Lauderdale Beach, the property offers easy access to Downtown Fort Lauderdale, Las Olas Boulevard, and Fort Lauderdale-Hollywood International Airport.
Investment Highlights:
Asking Price: $4,400,000
16 Total Units (8 Rooms + 8 Efficiencies)
Annual Gross Income: $450,000
Total Annual Expenses: $104,000
Annual NOI: $346,000
In-Place Cap Rate: 7.86%
0.30 Acre Lot with Direct A1A / N Ocean Dr Frontage
Approximately 500 Feet from Fort Lauderdale Beach
Turn-Key Operation with Motel, Tobacco, and Alcohol Licenses
With strong in-place income, a 7.86% cap rate, and a prime beachside location, this is an attractive opportunity for an investor or operator seeking an established asset with upside.
The property is fully equipped to operate day one, with an outdoor pool, picnic and barbecue area, a retail store licensed for beer, wine, and tobacco, an ATM, and 24-hour front desk. It holds motel, tobacco, and alcohol licenses, with 1 water meter and 8 electric meters. Onsite management is in place, units are cooled by wall and window AC, and several are already updated.
About 500 feet from Fort Lauderdale Beach, the property offers easy access to Downtown Fort Lauderdale, Las Olas Boulevard, and Fort Lauderdale-Hollywood International Airport.
Investment Highlights:
Asking Price: $4,400,000
16 Total Units (8 Rooms + 8 Efficiencies)
Annual Gross Income: $450,000
Total Annual Expenses: $104,000
Annual NOI: $346,000
In-Place Cap Rate: 7.86%
0.30 Acre Lot with Direct A1A / N Ocean Dr Frontage
Approximately 500 Feet from Fort Lauderdale Beach
Turn-Key Operation with Motel, Tobacco, and Alcohol Licenses
With strong in-place income, a 7.86% cap rate, and a prime beachside location, this is an attractive opportunity for an investor or operator seeking an established asset with upside.
Property Facts
| Price Per Room | $275,000 | Building Size | 13,300 SF |
| Sale Type | Investment | No. Rooms | 16 |
| Cap Rate | 7.86% | No. Stories | 2 |
| Property Type | Hospitality | Year Built | 1967 |
| Property Subtype | Hotel | Parking Ratio | 1.13/1,000 SF |
| Building Class | C | Corridor | Exterior |
| Lot Size | 0.30 AC | ||
| Zoning | RMH-25 - RMH-25 Residential High Rise Multifamily/Medium High Density District. Hotel, motel, assisted living nursing home, multifamily, sober living and more. | ||
| Price Per Room | $275,000 |
| Sale Type | Investment |
| Cap Rate | 7.86% |
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | C |
| Lot Size | 0.30 AC |
| Building Size | 13,300 SF |
| No. Rooms | 16 |
| No. Stories | 2 |
| Year Built | 1967 |
| Parking Ratio | 1.13/1,000 SF |
| Corridor | Exterior |
| Zoning | RMH-25 - RMH-25 Residential High Rise Multifamily/Medium High Density District. Hotel, motel, assisted living nursing home, multifamily, sober living and more. |
Amenities
- Pool
- On-Site Retail
Room Mix Information
| Description | No. Rooms | Daily Rate | SF |
|---|---|---|---|
| Guest Room | 16 | $105.00 | - |
Property Taxes
| Parcel Number | 49-43-19-03-0470 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $2,239,580 |
Property Taxes
Parcel Number
49-43-19-03-0470
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$2,239,580
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