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    4041 Ocean Blvd Fort Lauderdale, FL 33308

    For Sale
    Contact for pricing

    Prime Fort Lauderdale Beach Hotel

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    360
    This exceptional investment opportunity presents a unique assemblage of two hotels totaling 133 keys, situated on a contiguous 1.66-acre parcel in Fort Lauderdale's coveted Galt Mile. The property boasts highly desirable Ocean Boulevard frontage, offering significant future development potential. Originally constructed in 1961 and 1979, the hotels underwent extensive renovations in 2017, encompassing both interior and exterior improvements. These renovations included comprehensive room upgrades, addressing panels, carpeting, headboards, air conditioning, appliances, beds, bathrooms, and amenities. The combined 46,763 square feet of building space is currently operating as turnkey hotels, generating substantial returns. The three-story buildings are zoned RMH-25, Residential Multifamily High Rise/Medium Density, allowing for a variety of future development options. This assemblage presents a rare opportunity to acquire a prime beachfront property in a high-barrier-to-entry market, benefiting from year-round demand and consistently high occupancy rates. Seller financing is available, and the property is delivered unencumbered of flags and management, although the current management team is open to remaining for a new owner. This is a truly exceptional value-add opportunity with significant upside potential through land appreciation and redevelopment.

    Property Features for 4041 Ocean Blvd

    General Information

    Property type
    Hotels
    Lot Size
    72,310 SF

    Building Details

    Year Renovated
    2017
    Stories
    3

    HighLights

    • ±1.66‑acre assemblage in prime Fort Lauderdale location on Galt Mile, directly on Ocean Boulevard.
    • 133‑key hotel portfolio consisting of two contiguous hotels.
    • Seller financing available.
    • Turnkey operation with substantial returns; delivered unencumbered by flags or management contracts (current management may remain).
    • Future development potential; RMH‑25 zoning allows for high‑density multifamily development.
    • High occupancy rates due to year‑round demand.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    The Rolling Ads Advertising Agency family Dollar General Store Vip MIami Auto ... Car Rental Agency Ocean Beach Palace ... Hotel

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Fort Lauderdale
    County
    Broward
    State
    Florida
    Longitude
    -80.0993165
    Latitude
    26.1778278

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    FAQs

    What type of property is this?
    Hotel - Prime Fort Lauderdale Beach Hotel
    Where is this hotel located?
    The property is located at 4041 Ocean Blvd Fort Lauderdale, FL.
    What are key features of this property?
    This property features: ±1.66-acre assemblage in prime Fort Lauderdale location on Galt Mile, directly on Ocean Boulevard.; 133-key hotel portfolio consisting of two contiguous hotels.; Seller financing available.
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    4041 Ocean Blvd Fort Lauderdale, FL 33308
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