4117 N Ocean Blvd - Hospitality FOR SALE


Fort Lauderdale, FL 33308- Bermuda Riviera
$5,000,000 USD
561-305-6161
4117 N Ocean Blvd, Fort Lauderdale, FL for Sale
$5,000,000 USD
Hospitality - FOR SALE
1/43
null | 7.2% Cap Rate

4117 N Ocean Blvd
Fort Lauderdale, FL 33308
Bermuda Riviera


HIGHLIGHTS

  • Premium location on Ocean Boulevard just 500ft from the beach.
  • Cash flow from hotel, beer, wine and tobacco licenses.
  • Development potential with favorable RMH-25 zoning.

OVERVIEW

KW Commercial is pleased to present the opportunity to acquire this 2-story, 16-room exterior corridor hotel consisting of 8 hotel rooms & 8 efficiencies with a kitchenette and bathroom. The property also features a commercial kitchen and retail store. Built in 1967, the hotel sits on a 0.30-acre lot with direct frontage to Ocean Drive. The property features amenities such as an outdoor pool, picnic and barbecue area, retail beer, wine, and tobacco store, ATM, and 24-hour front desk. The hotel is positioned across the street (A1A) from Fort Lauderdale Beach and is near numerous demand generators such as Downtown Fort Lauderdale, Fort Lauderdale – Hollywood International Airport, and Las Olas.

FOR SALE DETAILS

PRICE

$5,000,000 USD

PRICE/SF

$376 USD /SF

# OF ROOMS

16

PRICE/ROOM

$312,500 {currency}

CAP RATE

7.2%

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Sky Islands Hotel

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

2

ROOM ENTRANCE

Exterior

BUILDING CLASS

C

YEAR BUILT

1967

PARKING SPACES

15

LAND DETAILS

LAND ACRES

0.3 AC

LAND SF

13,068 SF

ZONING

RMH-25

APN/PARCEL ID

49-43-19-03-0470

ASK ABOUT THIS PROPERTY

Stephen MolinariKW CommercialMore Info
561-305-6161

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Stephen MolinariKW CommercialMore Info
561-305-6161

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.