4041 N Ocean Blvd Fort Lauderdale, FL 33308
Property profile & analytics
4041 N Ocean Blvd Fort Lauderdale, FL 33308
- Motels
- 19,463 SF
- 0.69 lot acres
Property ID
US18-1014079
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
Location Intelligence
Current Use by Public Records
- The Rolling Ads / Marketing & Advertising / Advertising Agency
- family Dollar / Department Store / Grocery & Convenience Store
- Vip MIami Auto Exotic & Luxury Car Rentals / Car Rental Facility
- Ocean Beach Palace Hotel and Suites / Hotel & Motel
Property Details for 4041 N Ocean Blvd
- Year built
- 1961
- Construction
- CONCRETE
- Lot size
- 0.69 lot acres
- Property size
- 19,463 SF
- Zone code
- RMH-25
- Property type
- Motels
- APN
- 49-43-19-03-1890
- APU
- 494319031890
Description
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.
Value Estimations
based on Realmo’s proprietary methodology
-
Comparable approach
- Method
- Estimation
- AI Estimate
- $2,374,000
Market price range: $1.18M - $7.09M
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Fort Lauderdale
- County
- Broward
- State
- Florida
- Longitude
- -80.0993
- Latitude
- 26.1778
- CBSA code
- 33100
- CBSA name
- MIAMI-FORT LAUDERDALE-MIAMI BEACH, FL METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$110,225
$899,780
$4,837,450
$5,737,230
-
$899,780
$4,837,450
$5,737,230
