4117 Ocean BlvdFort Lauderdale, FL 33308

Property Details for 4117 Ocean Blvd

Year built

1967

Construction

CONCRETE

Lot size

0.30 AC

Property size (Sq ft)

5,959 SF

Zone code

RMH-25

Property type

Hospitality properties

Property subtype

Motels

APN

49-43-19-03-0470

APU

494319030470

Description

This exceptional investment opportunity presents a 16-key hotel situated on a 0.30-acre lot directly on Fort Lauderdale's N. Ocean Blvd (A1A) in Broward County, Florida. The two-story, 1967-built property boasts 8 rooms and 8 efficiencies, totaling 5,959 square feet. Amenities include an outdoor pool, picnic and barbecue area, a retail beer, wine, and tobacco store, an ATM, and 15 parking spaces. A commercial kitchen and 24-hour front desk enhance operational efficiency. The hotel benefits from a prime location, approximately 500 feet from Fort Lauderdale Beach, and close proximity to major attractions, including Downtown Fort Lauderdale and Fort Lauderdale-Hollywood International Airport. The property is zoned RMH-25 Residential High Rise Multifamily/Medium High Density District, presenting significant redevelopment potential. Currently operating as a stabilized investment with a 9.00% cap rate and an asking price of $4,750,000 ($296,875 per key and $797.11 per square foot), this offering presents a compelling return on investment. The land value alone is estimated at $397 per square foot. Active beer, wine, and tobacco licenses, along with an on-site coin laundromat, contribute to existing revenue streams. This is a rare opportunity to acquire a beachfront property in a high-demand area with low inventory of large units. The property's APN is 4943-19-03-0470.

• CAP approach

  CAP return

  Valuation

  6%

  $2,012,277

  6.5%

  $1,857,487

  7%

  $1,724,809

• Comparable approach

  Method

  Valuation

  Relative Method

  $4,136,958

  Geo Method

  $4,136,958

• Alternative Use

  Use

  Valuation

  Residential

  $2,027,836

  Hospitality

  $1,857,487

  Educational

  $1,545,407

  Medical

  $1,598,556

  Retail

  $2,403,966

Location Insight

City

Fort Lauderdale

County

Broward

State

Florida

Latitude

26.1797

Longitude

-80.0986

CBSA code

33100

CBSA name

MIAMI-FORT LAUDERDALE-MIAMI BEACH, FL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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