4117 N Ocean Boulevard, Fort Lauderdale, FL 33308
$4,400,000
Property Type:
Commercial Sale
Square Footage:
5,959
Status:
Active
Current Price:
$4,400,000
List Date:
8/03/2026
Last Modified:
8/05/2026
Overview
Description
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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: $4,400,00016 Total Units (8 Rooms + 8 Efficiencies)Annual Gross Income: $450,000Total Annual Expenses: $104,000Annual NOI: $346,000In-Place Cap Rate: 7.86%0.30 Acre Lot with Direct A1A / N Ocean Dr FrontageApproximately 500 Feet from Fort Lauderdale BeachTurn-Key Operation with Motel, Tobacco, and Alcohol LicensesWith 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.
Listing Details MLS# A12064893
General Property Information
- Number Of Buildings
- Yes
- Property Sub Type
- Hotel/Motel
- Price Per Unit
- 275000
- Occupant Type
- Call Listing Agent
- Building Area Main
- 5959
- Year Built
- 1967
- Lot Size Area
- 13108
- Lot Size Acres
- 0.3
Property Features
Structure Type:
Hotel/Motel
Contract Information
- Comp Sale YN
- No
- Original List Price
- 4400000
Location and Legal
- Country
- United States
- County Or Parish
- Broward
- County Parish Name
- Broward
- Street Number
- 4117
- Street Direction Prefix
- N
- Street Name
- Ocean
- Street Suffix
- Boulevard
- City Name
- Fort Lauderdale
- State Or Province
- FL
- Postal Code
- 33308
- Postal Code +4
- 6015
- Area
- 3150
- Geographic Area
- NBEA - North Broward Ocean To Intracoastal (3111-3121)
- Parcel Number
- 494319030470
- Subdivision Number
- 3
- Zoning
- RMH-25
- Flood Zone
- X
Financial Information
- Tax Annual Amount
- 47151
- Tax Legal Description
- BERMUDA-RIVIERA SUB OF GALT OCEAN MILE 38-46 B LOT 9 BLK B
Status Change Information
- Major Change Timestamp
- 2026-08-03T04:00:00Z
- Major Change Type
- New Listing
- Status Change Date
- 2026-08-04
More Information
Price Calculations
- Current Price To SqFt
- 738.37
Section Details
- Parcel Number MLX
- 0470
Originating Details
- Originating System Key
- 540545577
- Originating System ID
- M00000151
Listing Office:
Trustpoint Realty, LLC.
Last Updated: August - 05 - 2026
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