4041 N Ocean Blvd Fort Lauderdale, FL 33308
Two turnkey hotels with redevelopment potential in prime oceanfront location.
Type:Hospitality
Property size:
46,763 SFLot size:
1.66 Acres- Added:
- Sep 9, 2024
- Days on Market:
- 588
- Last Refresh:
- Mar 17 at 1:26 pm
Property Features for 4041 N Ocean Blvd
General Information
- Standard status
- Active
- Size
- 46,763 SF
- Lot size
- 1.66 Acres
- Property subtype
- Hospitality
Listing agent Matthew Jacocks License #FL 3217420
Listing office Lee & Associates - Broward/Palm Beach
Listing date Sep 9, 2024
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 Lee & Associates - Broward/Palm Beach
Overview
Fort Lauderdale Hotel Portfolio Opportunity
This offering presents the opportunity to acquire a hotel portfolio featuring two independent hotels, encompassing approximately 46,763 square feet across two buildings. Situated along Ocean Boulevard in Fort Lauderdale, Florida, within the Galt Mile, the properties boast 585 feet of ocean frontage on a contiguous site. Constructed in 1961 and 1979, the hotels are positioned on a combined 1.66 acres. The portfolio includes a total of 133 rooms. Extensive interior and exterior renovations were completed in 2017, including upgrades to the Ocean Beach Palace lobby, room panels, carpets, headboards, AC units, appliances, beds, bathrooms, and amenities. The properties are located approximately 5 miles east of Interstate 95, the primary north-south transportation corridor on the east coast. The location provides access to Boca Raton (approximately 19 miles north) and Miami (approximately 37 miles south). Several airports serve the area, including Fort Lauderdale Executive Airport, Fort Lauderdale-Hollywood International Airport, and Miami International Airport. The intersection of East Oakland Park Boulevard and West Oak Park Access Road sees an average daily traffic count exceeding 38,000 vehicles. The surrounding area is primarily commercial and retail, with residential areas to the west. Downtown Fort Lauderdale, approximately 6 miles southwest, offers recreational and entertainment options. The portfolio's location benefits from proximity to Port Everglades, Riverwalk Fort Lauderdale, and The Casino at Dania Beach. Hugh Taylor Birch State Park and 23 miles of beaches are also nearby. The properties offer a value-add opportunity through future land appreciation and redevelopment or repositioning.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
The Rolling Ads
Marketing & Advertising
family Dollar
Department Store
Vip MIami Auto ...
Car Rental Facility
Ocean Beach Palace ...
Hotel & Motel
Location Insight
- Map
- Local Demand
- City
- Fort Lauderdale
- County
- Broward
- State
- Florida
- Longitude
- -80.0992756
- Latitude
- 26.1778173
Nearby Similar for Sale
FAQs
What type of property is this?
Hotel - Two turnkey hotels with redevelopment potential in prime oceanfront location.
Where is this hotel located?
The property is located at 4041 N Ocean Blvd Fort Lauderdale, FL.
What is the asking price?
The asking price for this property is $26,500,000.
What are key features of this property?
This property features: 585 feet of Ocean Blvd frontage on a rare contiguous 1.66‑acre site.; Turnkey hotel portfolio with 133 rooms, producing substantial returns.; Value‑add opportunity through future land appreciation and redevelopment/repositioning.
