5100 N State Road 7 | Fort Lauderdale, FL 33319
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- LoopNet Team
5100 N State Road 7
Fort Lauderdale, FL 33319
Plaza Hotel Fort Lauderdale · Hospitality Property For Sale
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146,654 SF
INVESTMENT HIGHLIGHTS
- The Plaza Hotel sits on 5.35 acres near I-95 and numerous demand generators such as Downtown Fort Lauderdale, Fort Lauderdale Beach, Fort Lauderdale E
- Operationally, the property produced over $5,800,000 in room revenue in 2021 with an NOI in excess of $2,000,000.
- Restaurant, salon, and game room operations are currently leased out significantly below market rent.
- The majority of hotel rooms consist of adjoining rooms allowing for ease of conversion to multifamily, assisted living, extended stay, or larger hotel
- The property features four banquet spaces which can hold over 250 people each.
- Current ownership does not have a management company in place and has closed off numerous amenities in the property which has disrupted revenue growth
PROPERTY FACTS
| Property Type | Hospitality | No. Stories | 5 |
| Property Subtype | Hotel | Year Built/Renovated | 1974/2004 |
| Building Class | C | Parking Ratio | 1.64/1,000 SF |
| Lot Size | 2.97 AC | Corridor | Interior |
| Building Size | 146,654 SF | ||
| Zoning | B-1 | ||
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | C |
| Lot Size | 2.97 AC |
| Building Size | 146,654 SF |
| No. Stories | 5 |
| Year Built/Renovated | 1974/2004 |
| Parking Ratio | 1.64/1,000 SF |
| Corridor | Interior |
| Zoning | B-1 |
AMENITIES
- Business Center
- Fitness Center
- Pool
- Restaurant
- On-Site Retail
- High Speed Internet Access
- Patio
- On-Site Bar
- Public Access Wifi
- Smoke-Free
- Multi-Room Suites
PROPERTY TAXES
| Parcel Number | 49-42-18-04-0010 | Improvements Assessment | $11,050,880 |
| Land Assessment | $1,864,350 | Total Assessment | $12,915,230 |
PROPERTY TAXES
Parcel Number
49-42-18-04-0010
Land Assessment
$1,864,350
Improvements Assessment
$11,050,880
Total Assessment
$12,915,230
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