Overview

View Video

Highlights

• Shovel Ready & Fully Entitled Luxury Hotel and/or Condo Development
• Pre-Approved Site Plans In Place in High Barrier to Entry Market
• Build 277 Hotel Keys or Condo Units on 1.51 AC Assemblage
• Unobstructed Views of Atlantic Ocean and Intercoastal Waterway
• Less than 1 Block to Fort Lauderdale Beach Blvd and Beach Access
• Plans Include Retail and Restaurant Spaces on Ground Floor
• Two Pool Decks, One Roof Top Pool Deck for Incredible Ocean Views
• Two Existing Operational Hotel Assets (59 Keys) for Cash Flow During Planning
• 6 Miles to FLL International Airport, and 5 Miles to Port Everglades Cruise Ship Terminals
• 3 Miles to Downtown Fort Lauderdale and Las Olas Entertainment District

Description

Lee & Associates presents investors the opportunity to acquire a Shovel-Ready, Fully Entitled Hotel and/or Condo Development Assemblage on 1.51 AC. Site in a high barrier to entry market. Pre-approved site Plans are already in place for a 277 Guest Room / Unit Luxury Hotel and/or Condo Building development over 17 floors with a total of 263,421 SF Building size. Plans include ground floor retail and restaurants, two luxury pool decks including one rooftop pool deck for phenomenal ocean and sunset views, a fitness center and lounges, pedestrian garden walkways, meeting rooms and a business center, and a modern parking garage with double-stack vehicle lifts to maximize garage space.

The parcels are assembled ideally less than 1 block from beach access in one of the most heavily visited tourist destinations in the country. The site provides unobstructed views of both the Atlantic Ocean to the East and the Intercoastal Waterway to the West and sits amongst many major hotel flags including the W, The Westin, Hilton, The Ritz Carlton, Marriot, as well as many smaller boutiques hotels and historic landmarks. Beach access is also conveniently just a short walk across Fort Lauderdale Beach Blvd to enjoy miles of South Florida's pristine sandy shoreline. The site is located just 6 miles from Fort Lauderdale International Airport and just 5 miles to Port Everglades Cruise Ship Terminals making an excellent accommodation option for the thousands of annual cruise ship passengers that visit the region.

As an additional value enhancement, there are two existing hotels on the premises with a total of 59 guest rooms that are currently operational, turn-key, and producing substantial returns. Prospective investors can capitalize on the appreciating market and cash-flowing hotel assets while planning for the development.

Location

Located directly along Bayshore Drive less than 1 block to beach access, strategically positioned in the high barrier to entry market of Fort Lauderdale Beach between Las Olas Beach public access and Fort Lauderdale Public Beach at E Sunrise Blvd and across the street from the popular Intracoastal Waterway to the west.

Contact Broker