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About This Property
Located at 4117 N Ocean Dr in Fort Lauderdale, this 16 unit motel is a rare turn-key investment steps from the beach. Built in 1968 on a 0.30 acre lot with direct A1A frontage, the property features 8 traditional hotel rooms and 8 efficiencies, giving operators flexibility for short-term and extended-stay guests. The property is fully equipped to operate day one, with an outdoor pool, picnic and barbecue area, a retail store licensed for beer, wine, and tobacco, an ATM, and 24-hour front desk. It holds motel, tobacco, and alcohol licenses, with 1 water meter and 8 electric meters. Onsite management is in place, units are cooled by wall and window AC, and several are already updated. About 500 feet from Fort Lauderdale Beach, the property offers easy access to Downtown Fort Lauderdale, Las Olas Boulevard, and Fort Lauderdale-Hollywood International Airport. Investment Highlights: Asking Price: $4,400,000 16 Total Units (8 Rooms + 8 Efficiencies) Annual Gross Income: $450,000 Total Annual Expenses: $104,000 Annual NOI: $346,000 In-Place Cap Rate: 7.86% 0.30 Acre Lot with Direct A1A / N Ocean Dr Frontage Approximately 500 Feet from Fort Lauderdale Beach Turn-Key Operation with Motel, Tobacco, and Alcohol Licenses With strong in-place income, a 7.86% cap rate, and a prime beachside location, this is an attractive opportunity for an investor or operator seeking an established asset with upside.
Property Features
County
Broward County
Section
19
Area
5959
Subdivision
Interior
Cooling
Bedrooms
Floors
Full Baths
Appliances
Heating
Style
Garage Spaces
Construction/Exterior
Patio / Deck Description
Exterior
Has a Pool
Possession
Lot Size in Acres
Water
Sewer
Lot Size in Sq. Ft.
13108
Has Waterfront
No
Parking Description
View
Has Garage
No
Roof/Attic
Senior Community
No
Other Utilities
Property Type
Commercial Sale
Pets
Property SubType 2
Hotel/Motel
Tax Year
NA
Year Built
1967
Tax Amount
$47151
APN
NA
Square Feet Source
NA
Map
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