Specialty Real Estate - For Sale
555 Northwest 62nd Street Fort Lauderdale, FL 33309
Details & Description
Call for Pricing
  • Property Type Specialty for Sale : Hotel/Motel/Resort
  • Lot Size Acres 4.830
  • Building Sq Ft 12,566
  • Land Sq Ft 210,394
Berkadia’s Hotels & Hospitality Group (“Berkadia”) is pleased to present the opportunity to acquire the fee simple interest in the 256-key Sheraton Suites Fort Lauderdale at Cypress Creek (“Hotel or “Property”). The Hotel is centrally located at the intersection of Cypress Creek Road and Interstate 95, proximate to numerous corporate and leisure demand generators, and only 15 minutes from Fort Lauderdale-Hollywood International Airport. Offered unencumbered by current management, the Property’s strategic location and operational upside potential offer investors an attractive basis in one of the country’s fastest growing markets.
Listing Agents
Preston Reid

O: 813-363-1754
preston.reid@berkadia.com
While we strive to provide the most accurate information, all listing information, and demographic data, is provided by third-parties. As such, MyEListing will not be responsible for the accuracy of the information. It is strongly recommended that you verify all information with the listing agent, and any relevant agencies, prior to making any decisions.

555 Northwest 62nd Street

Fort Lauderdale, FL 33309

Listing ID: 198587
Call for Pricing
For Sale
  • Property Type Specialty for Sale : Hotel/Motel/Resort
  • Lot Size Acres 4.830
  • Building Sq Ft 12,566
  • Land Sq Ft 210,394
555 Northwest 62nd Street Fort Lauderdale, FL 33309 | for Sale | Photo 1
Description

Berkadia’s Hotels & Hospitality Group (“Berkadia”) is pleased to present the opportunity to acquire the fee simple interest in the 256-key Sheraton Suites Fort Lauderdale at Cypress Creek (“Hotel or “Property”). The Hotel is centrally located at the intersection of Cypress Creek Road and Interstate 95, proximate to numerous corporate and leisure demand generators, and only 15 minutes from Fort Lauderdale-Hollywood International Airport. Offered unencumbered by current management, the Property’s strategic location and operational upside potential offer investors an attractive basis in one of the country’s fastest growing markets.

Points of Interest & Demographic Radii
Points of Interest
Demographic Radii
POIs provided for entertainment purposes only. Data comes from multiple data sources as well as users and agents. MyEListing makes no claims whatsoever as to the accurancy and/or completeness.
 
Fort Lauderdale History of Specialty Real Estate for Sale

Fort Lauderdale Area Market Trends

Listing Demographics for 555 Northwest 62nd Street Fort Lauderdale, FL 33309

All information based on the most recently available data (updated annually) and is provided in 1-mile, 3-mile, and 5-mile radii (radiuses) of the property location.

1-Mile 3-Miles 5-Miles
Total Population10,390130,046413,878
Population Median Age394243
Population by Age0-9 Yrs1485 (14%)14000 (10%)43477 (10%)
10-19 Yrs1107 (10%)12034 (9%)38775 (9%)
20-29 Yrs1208 (11%)16124 (12%)48416 (11%)
30-39 Yrs1453 (13%)16870 (12%)51762 (12%)
40-49 Yrs1367 (13%)18282 (14%)52159 (12%)
50-59 Yrs1396 (13%)20300 (15%)61567 (14%)
60-69 Yrs1368 (13%)16598 (12%)55803 (13%)
70+ Yrs1006 (9%)15837 (12%)61919 (14%)
Median HH Income$51,218$51,921$50,714
Total Household Income< 24K878 (24%)11418 (21%)39468 (23%)
25-49K881 (24%)13672 (26%)43502 (25%)
50-74K788 (21%)9522 (18%)30444 (18%)
75-99K538 (14%)6271 (12%)18792 (11%)
100-199K458 (12%)8506 (16%)25894 (15%)
200K+67 (1%)2556 (4%)9759 (5%)
Highest Education LevelNo Diploma15221412844177
Diploma or GED25302793790857
Some College11761884660316
Assoc. Degree499809725588
Bachelors Degree10591788155287
Higher Degree5381066835238
Total Housing Units4,15461,959221,109
--Owner-Occupied2,27727,05998,330
--Renter-Occupied1,33324,88669,529
Owner-Occupied Values< 100K483331514909
100-199K933831428536
200-299K677548019371
300-399K136441713286
400-499K2126167530
500K+27291814698
Total Working Age Population8,236108,685347,194
In Work Force5,29872,407215,632
Not In Work Force2,93736,278131,562
Workforce Employed4,95867,192199,430
Workforce Unemployed3405,17916,116
Civlian Workforce5,29872,371215,546
Military Workforce03686
Total Households3,61051,946167,859
Family Households2,30227,38588,076
Non-Family Households1,30824,56179,784
Married Couple1,49118,11457,290
Other Family8119,27130,786
Married w/Child5606,28916,293
Single Male w/Child1461,1643,276
Single Female w/Child3913,16910,653

Population Change Last Two Decades - Plus Projection

2000%2010%2020%2030
Florida15,982,378+1818,801,310+1421,517,610+1324,340,457
Broward County1,623,018+81,748,066+111,942,686+92,120,334

Total Working Age Population:

Total Households:

Total Working Age Population:

Total Households:

Total Working Age Population:

Total Households:

No part of this information may be copied, reproduced, repurposed, or screen-captured for any commercial purpose without prior written authorization from MyEListing.

While we strive to provide the most accurate information, all listing information, and demographic data, is provided by third-parties. As such, MyEListing will not be responsible for the accuracy of the information. It is strongly recommended that you verify all information with the listing agent, and any relevant agencies, prior to making any decisions.

Closest Commercial Airports
Airport Distance (mi)
Fort Lauderdale Hollywood International Airport (FLL) 9
Miami International Airport (MIA) 30
Palm Beach International Airport (PBI) 33