5100 N State Road 7 - Hospitality FOR SALE
Fort Lauderdale, FL 33319 |
5100 N State Road 7
Fort Lauderdale, FL 33319
HIGHLIGHTS
- The Plaza Hotel sits on 5.35 acres near I-95 and numerous demand generators such as Downtown Fort Lauderdale, Fort Lauderdale Beach, Fort Lauderdale E
- The majority of hotel rooms consist of adjoining rooms allowing for ease of conversion to multifamily, assisted living, extended stay, or larger hotel
- Operationally, the property produced over $5,800,000 in room revenue in 2021 with an NOI in excess of $2,000,000.
- The property features four banquet spaces which can hold over 250 people each.
- Restaurant, salon, and game room operations are currently leased out significantly below market rent.
- Current ownership does not have a management company in place and has closed off numerous amenities in the property which has disrupted revenue growth
FOR SALE DETAILS
PRICE
-
# OF ROOMS
-
CAP RATE
-
BUILDING DETAILS
PROPERTY NAME
Plaza Hotel Fort Lauderdale
PROPERTY TYPE
Hospitality
TOTAL BUILDING SIZE
146654
STORIES
5
ROOM ENTRANCE
Interior
BUILDING CLASS
C
YEAR BUILT
1974
PARKING SPACES
305
LAND DETAILS
LAND ACRES
-
LAND SF
-
ZONING
B-1
APN/PARCEL ID
49-42-18-04-0010
