Fort Lauderdale Grand Hotel
4900 Powerline Rd, Fort Lauderdale, FL 33309
196-room hotel on 4.25 acres with redevelopment potential.
Type:Hospitality, Retail
Property size:
104,880 SFLot size:
4.25 AcresPrice / SF:
$123/SF- Added:
- Mar 9, 2026
- Days on Market:
- 111
- Last Refresh:
- Mar 19 at 10:04 pm
Property Features for 4900 Powerline Rd
General Information
- Standard status
- Active
- Size
- 104,880 SF
- Lot size
- 4.25 Acres
- Property subtype
- Hospitality, Retail
Building Details
- Year Built
- 1971
Listing office GREA
Listing date Mar 9, 2026
Source Crexi
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
All listing content including descriptions, pricing, images are the copyrighted material of GREA
HighLights
- Significant redevelopment potential with up to 276 residential units under Florida’s Live Local Act on this 4.25‑acre site.
- Attractive ~8% capitalization rate based on a 2024 net operating income of $1,094,278.
- Value‑add/repositioning opportunity through renovation and operational reset.
- Potential for hotel‑to‑residential conversion of the existing 196‑room structure into approximately 118 residential units.
- Surplus land allows for new residential construction of approximately 158 additional units.
- Located in a high‑accessibility commercial corridor in Fort Lauderdale.
Overview
The Grand Hotel is a 196-room hotel in Fort Lauderdale, Florida, constructed in 1971 and renovated in 1977 and 2022. The property is situated within a high-accessibility commercial corridor. In 2024, the asset generated a net operating income of $1,094,278. Operating as an independent hotel, it offers a value-add/repositioning opportunity. The asset requires capital improvements, allowing for a comprehensive renovation strategy, operational reset, and potential rebranding. This offering is suited for experienced hospitality investors or operators seeking a value-add opportunity within the South Florida market. Given the property’s vintage and independent operating model, investors have the opportunity to implement a comprehensive renovation and repositioning program, including full interior and exterior modernization, operational efficiencies and expense optimization, revenue management enhancements, rebranding or flag conversion, and amenity upgrades. The property's 4.25-acre site also presents a redevelopment opportunity under Florida’s Live Local Act, which permits qualifying projects to develop residential density by-right in commercially-zoned areas. At the statutory density of 65 units per acre, the site supports up to 276 residential units. The existing five-story structure is suited for conversion to approximately 118 residential units, leveraging the existing footprint. The site’s surplus land supports approximately 158 additional units on a new structure utilizing the 185,405 SF lot and existing surface parking field.
Local Financial Insights For Hotel Hospitality
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $2.39M | $22.80 |
| − Vacancy | −$251.1k | −$2.39 |
| EGI | $2.14M | $20.41 |
| − OpEx | −$1.12M | −$10.71 |
| NOI | $1.02M | $9.69 |
104,880 SF · lease $22.80/SF/yr · vacancy 10.50% · expense 52.50%
Alternative Uses
Best Use
Hotel Hospitality
$14.52M
$12.71M – $16.94M
NOI $1,016,586 @ 7.0% cap · market cap 7.82%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$70.48M
$61.67M – $82.23M
NOI $4,933,555 @ 7.0% cap · market cap 37.95%
Zoning and permitted uses should be independently verified with local authorities.
Location Intelligence
Current Use by Public Records
Mural Graffit Art ...
Resort
The Grand Bar and Lounge
Restaurant
Fort Lauderdale Grand ...
Hotel & Motel
Rejoice Tabernacle Church
Church
FlamingoRoom.Club
Hotel & Motel
Location Insight
- Map
- Local Demand
- City
- Fort Lauderdale
- County
- Broward
- State
- Florida
- Longitude
- -80.1542631
- Latitude
- 26.1875076
Nearby Similar for Sale
FAQs
What type of property is this?
Hotel - 196-room hotel on 4.25 acres with redevelopment potential.
Where is this hotel located?
The property is located at 4900 Powerline Rd Fort Lauderdale, FL.
What is the asking price?
The asking price for this property is $13,000,000.
What are key features of this property?
This property features: Significant redevelopment potential with up to 276 residential units under Florida’s Live Local Act on this 4.25‑acre site.; Attractive ~8% capitalization rate based on a 2024 net operating income of $1,094,278.; Value‑add/repositioning opportunity through renovation and operational reset.
