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$6,950,000 70+ Room Hotel for Sale in South Florida (FT Lauderdale)
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375 N State Road 7, Fort Lauderdale, Fl. 33317
Executive Summary
Prime Redevelopment Opportunity – 77-Room Hotel | Plantation, Florida
Gross Land Area: 1.15 Acres/ Gross Building Area: 31,744 SF
Construction: Concrete Block/ Traffic Count: 46,500 Vehicles Per Day
Zoning: (Insert zoning details if available – critical for redevelopment potential)
Stories: 3/ Parking: 60 Spaces/ RE Taxes: $55,432
ASKING $6.95M
Rehab Estimate – 77-Room Economy Hotel Total Area: 31,744 SF Rooms: 77
Restaurant/bar, exterior corridor, 1 elevator Gut job needed, but no structural changes or major expansions
1. Guest Rooms – Full Renovation w/ FF&E Per Room: $22,500Total: 77 × $22,500 = $1,732,5002.
2. Restaurant / Bar Area renovation of kitchen, bar, and dining space with essential equipment Estimate:
$275,000
3. Common Areas (Lobby, Office, Corridors, Laundry)Paint, flooring, basic lighting,
furniture, ADA compliance Estimate: $200,000
4. Elevator Refurbishment (Not Full Replacement)New controls, cab refurb, servicing Estimate: $85,000
5. MEP (Mechanical, Electrical, Plumbing) Systems Essential replacements & repairs Estimate: $550,000
6. Exterior Improvements Roof patch/repair, paint, stairwells, lighting Estimate: $250,000
7. Site Work Restriping, landscaping refresh, signage, basic fencing Estimate: $100,000
8. Soft Costs + Contingency (12%)Architect/permits/fees/contingency12% of ~$3.2M = $384,000
9. Total Estimate: ~$3,576,500
FOR MORE DETAILS CALL MALICO WATSON,
ORANGE GROUP OF FLORIDA