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Property profile & analytics
OFF-MARKET Estimated value $11,840,000
Hotels

3711 Ocean Blvd Fort Lauderdale, FL 33308-6429

36,876 SF 0.84 ac lot Built 1974
Entity Owned 4-yr Hold Free & Clear
Property ID
US19-0694460
Property summary
AI-generated overview

This exceptional commercial property, located at 3711 North Ocean Boulevard in Fort Lauderdale, Florida, offers 3,500 square feet of prime retail or restaurant space. Currently entirely vacant, this property presents a unique opportunity for multiple tenants or a single large occupant. The space is divisible, with a minimum leasable area of 1,500 square feet and a maximum contiguous space of 2,000 square feet. This allows for flexibility in tailoring the space to meet diverse business needs. Situated in Broward County, with a 33308 zip code, this location benefits from high visibility and foot traffic, making it ideal for businesses seeking strong exposure. The property's address is 3711 N Ocean Blvd, Fort Lauderdale, FL. The building's total square footage is 3,500 square feet, all of which is currently available for lease. This presents a rare chance to secure a substantial and well-positioned commercial space in a thriving Florida coastal city. The property is classified as both retail and restaurant space, catering to a wide range of potential tenants. This prime location offers significant potential for growth and success. Inquire today to learn more about this exciting opportunity.

Property profile
Verified
Property type Hotels
Use group HOTEL
Year built 1974
Construction CONCRETE
Total area 36,876 SF
Lot 0.84 ac (36,750 SF)
Zoning code RMH-25
APN 49-43-19-04-1180
UPID US19-0694460
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • crossbow shop Department Store
  • The Garden Hotel & Resort Hotel & Motel Resort
  • ROYAL BEACH PALACE HOTEL Hotel & Motel
  • Clear Rentals Car Rental Facility
  • 3711 Beach Side Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$13.69M
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$11.84M
Owner & transaction history
3711 N Ocean Blvd LLC · 4 yrs held
3711 N Ocean Blvd LLC
since 2021
Last sale
$11.3M
7 recorded transactions
2023
Price N/A
2021
$11.3M
2017
Price N/A
2013
$5.2M
2004
$3.0M
1998
$1.9M
1969
Price N/A
Zoning & alternative use
RMH-25 · Fort Lauderdale, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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