4041 Ocean BlvdFort Lauderdale, FL 33308

This exceptional investment opportunity presents a unique assemblage of two hotels totaling 133 keys, situated on a contiguous 1.66-acre parcel in Fort Lauderdale's coveted Galt Mile. The property boasts highly desirable Ocean Boulevard frontage, offering significant future development potential. Originally constructed in 1961 and 1979, the hotels underwent extensive renovations in 2017, encompassing both interior and exterior improvements. These renovations included comprehensive room upgrades, addressing panels, carpeting, headboards, air conditioning, appliances, beds, bathrooms, and amenities. The combined 46,763 square feet of building space is currently operating as turnkey hotels, generating substantial returns. The three-story buildings are zoned RMH-25, Residential Multifamily High Rise/Medium Density, allowing for a variety of future development options. This assemblage presents a rare opportunity to acquire a prime beachfront property in a high-barrier-to-entry market, benefiting from year-round demand and consistently high occupancy rates. Seller financing is available, and the property is delivered unencumbered of flags and management, although the current management team is open to remaining for a new owner. This is a truly exceptional value-add opportunity with significant upside potential through land appreciation and redevelopment.