Skip to main content

Multi-Family

Lighthouse Point Hotel/Development Site

4211 N Federal Hwy, Pompano Beach, FL 33064

Listing Price: $8,750,000

Lot Size
2.72 acres
Price/Acre
$3,216,912
Land Type
Land

Investment Overview

Marcus & Millichap is pleased to present the Lighthouse Point Hotel. Located in the highly sought-after neighborhood of Pompano Beach Highlands and bordering the city of Lighthouse Point, Lighthouse Point Hotel is a 66-key motel with 138 feet of direct frontage along Federal Highway, achieving an average traffic count of 46,500 cars per day.
Comprised of three contiguous parcels, the property spans a total of approximately 120,000 square feet (2.72 acres) of land, with approximately 37,000 square feet of existing buildings. The property is zoned General Business (B-3), allowing for vast development opportunities such as high-density multifamily, hotel, retail, office, health-care facilities, assisted-living facilities, and commercial. Although the current zoning permits 46 units per acre, density can be increased to 69 units per acre through the addition of bonus units from designating a percentage of the property affordable. The current zoning also permits up to 92 lodging units per acre for hotel development.
Ideally located equidistant from Boca Raton and Downtown Fort Lauderdale, The Lighthouse Point Hotel is situated in one of South Florida's fastest-growing markets. The city’s strategic location, dense population, and business-friendly environment attract both established businesses and new companies, making it the epicenter for young professionals.
Nestled on the border of Lighthouse Point and Pompano Beach, the site enjoys proximity to retailers such as Publix, Whole Foods, Walmart, Target, Wawa, McDonald’s, Dunkin Donuts, Starbucks, and Lowes. With convenient access to Interstate 95, Federal Highway, and Pompano Beach Airpark, this site is strategically positioned for easy connectivity. Residents and businesses alike will appreciate the seamless travel options available.
Less than 2.5 miles from Broward Health North Hospital, Deerfield Beach High School, Lighthouse Point Yacht Club, and North Broward Park, the surrounding neighborhood boasts a plethora of amenities. Future occupants will enjoy a vibrant and dynamic lifestyle with everything they need just a stone’s throw away.
The site presents an investor with both a blank canvas for innovative development and the value-add opportunity to renovate the existing buildings while still obtaining immediate rental income. This unique offering is a rare blend of immediate returns, a potential for visionary development, and long-term investment possibilities.

Investment Highlights

  • Located in the Highly Sought After Neighborhood of Highlands in Pompano Beach, on the Border of Lighthouse Point
  • 138 Feet of Direct Frontage Along Federal Highway, An Average of 46,500 cars Travel Daily by the Site Along Federal Highway
  • 2.72 Acres of Land Zoned General Business (B-3) Allowing for Vast Development Opportunities, Zoned for 46 Units Per Acre and Up 69 Units Per Acre with Bonus and Affordable Designated Units
  • Current Zoning Allows for Up to 92 Lodging Units Per Acre for Hotel Development
  • Existing 66 Key Motel with Significant Rental Upside through Renovations
  • Currently Generating Over $1,000,000 in Annual Revenue
  • Excellent Mix of Motel Rooms, Studios, One-Bedrooms, and Two-Bedroom Floor Plans
  • All Roofs Replaced Within Past 12 Months, 10-Year Recertification Completed in 2022

Exclusively Listed By

Multi-Family

Lighthouse Point Hotel/Development Site

Listing Price: $8,750,000

Lot Size
2.72 acres
Price/Acre
$3,216,912
Land Type
Land

Investment Highlights

  • Located in the Highly Sought After Neighborhood of Highlands in Pompano Beach, on the Border of Lighthouse Point
  • 138 Feet of Direct Frontage Along Federal Highway, An Average of 46,500 cars Travel Daily by the Site Along Federal Highway
  • 2.72 Acres of Land Zoned General Business (B-3) Allowing for Vast Development Opportunities, Zoned for 46 Units Per Acre and Up 69 Units Per Acre with Bonus and Affordable Designated Units
  • Current Zoning Allows for Up to 92 Lodging Units Per Acre for Hotel Development
  • Existing 66 Key Motel with Significant Rental Upside through Renovations
  • Currently Generating Over $1,000,000 in Annual Revenue
  • Excellent Mix of Motel Rooms, Studios, One-Bedrooms, and Two-Bedroom Floor Plans
  • All Roofs Replaced Within Past 12 Months, 10-Year Recertification Completed in 2022

Investment Overview

Marcus & Millichap is pleased to present the Lighthouse Point Hotel. Located in the highly sought-after neighborhood of Pompano Beach Highlands and bordering the city of Lighthouse Point, Lighthouse Point Hotel is a 66-key motel with 138 feet of direct frontage along Federal Highway, achieving an average traffic count of 46,500 cars per day. Comprised of three contiguous parcels, the property spans a total of approximately 120,000 square feet (2.72 acres) of land, with approximately 37,000 square feet of existing buildings. The property is zoned General Business (B-3), allowing for vast development opportunities such as high-density multifamily, hotel, retail, office, health-care facilities, assisted-living facilities, and commercial. Although the current zoning permits 46 units per acre, density can be increased to 69 units per acre through the addition of bonus units from designating a percentage of the property affordable. The current zoning also permits up to 92 lodging units per acre for hotel development. Ideally located equidistant from Boca Raton and Downtown Fort Lauderdale, The Lighthouse Point Hotel is situated in one of South Florida's fastest-growing markets. The city’s strategic location, dense population, and business-friendly environment attract both established businesses and new companies, making it the epicenter for young professionals. Nestled on the border of Lighthouse Point and Pompano Beach, the site enjoys proximity to retailers such as Publix, Whole Foods, Walmart, Target, Wawa, McDonald’s, Dunkin Donuts, Starbucks, and Lowes. With convenient access to Interstate 95, Federal Highway, and Pompano Beach Airpark, this site is strategically positioned for easy connectivity. Residents and businesses alike will appreciate the seamless travel options available. Less than 2.5 miles from Broward Health North Hospital, Deerfield Beach High School, Lighthouse Point Yacht Club, and North Broward Park, the surrounding neighborhood boasts a plethora of amenities. Future occupants will enjoy a vibrant and dynamic lifestyle with everything they need just a stone’s throw away. The site presents an investor with both a blank canvas for innovative development and the value-add opportunity to renovate the existing buildings while still obtaining immediate rental income. This unique offering is a rare blend of immediate returns, a potential for visionary development, and long-term investment possibilities.

Exclusively Listed By

MM Texture Background
MM Textured Background Lower