Renovated Income-Producing Beachfront
For Sale
$4,200,000
335 Georgia Street, Hollywood, FL 33019
Twelve renovated units on Hollywood Beach Broadwalk, ready for short-term rentals.
Property Size9,558 SF
Price / SF$439.42
Days on Market157
Property Features for 335 Georgia Street
General Information
Standard status
Active
Size
9,558 SF
Property subtype
Commercial
Lease Term
['Month To Month']
Building Details
Year Built
1971
Listing Agency:
Sunst Real Estate LLC
Listed By:
Oleg Sergiienko · License #3420278
(786) 252-3325
Source:
Onesothebysrealty
Added: May 16
Changed: Oct 15
Last Checked: Oct 19 at 9:21AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Sunst Real Estate LLC
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Investment Insights
Based on property information with market context.
This gated compound features twelve income-producing units, situated just steps from the Atlantic Ocean on Hollywood Beach Broadwalk. Each unit includes a full kitchen, split-AC system, and impact windows. The property has a secured tropical courtyard with a BBQ area, on-site laundry facilities, and twelve private parking spaces. Recent renovations include a new Spanish tile roof and updated plumbing and electrical systems throughout. All leases are currently month-to-month, offering the potential for immediate conversion to short-term rentals. The location is near Margaritaville, with Related Group's 39-story luxury tower under construction on the same Broadwalk, and the City's planned Broadwalk extension starting at Georgia Street. The property is located within a Live Local corridor. The property is zoned BRT-25-R and benefits from a grandfathered 12-unit density. The bike score is 57, indicating it is bikeable, the walk score is 46, indicating it is car-dependent, and the transit score is 32, indicating some transit options are available.
Key Highlights
- 12 income‑producing units with month‑to‑month leases, allowing immediate transition to short‑term rentals.
- Directly on Hollywood Beach Broadwalk, steps from the Atlantic Ocean.**
- Fully renovated, gated compound with new Spanish tile roof, updated plumbing and electrical.**
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$159,312
Cap Rate
3.79%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,186,240
$3.2M
Cap Rate 7%
$2,275,886
$2.3M
Cap Rate 9%
$1,770,133
$1.8M
Market Conditions
NOI Build-Up for 9,558 SF
Gross rent
$303.9K $31.80/SF
− Vacancy
−$14.3K −$1.49/SF
EGI
$289.7K $30.31/SF
− OpEx
−$130.3K −$13.64/SF
NOI
$159.3K $16.67/SF
Area
Hollywood, FL
Vacancy
4.70%
Lease Rate
$31.80 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,186,240
Cap Rate 7%
$2,275,886
Cap Rate 9%
$1,770,133
Alternative Uses
Best Use
Apartment 5plus
$2.28M
$1.99M – $2.66M
NOI $159,312 @ 7.0% cap · market cap 3.79%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.74M
$3.27M – $4.36M
NOI $261,736 @ 7.0% cap · market cap 6.23%
Zoning and permitted uses should be independently verified with authorities.
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Location Intelligence
Trade Area within ½ mile
468
Businesses Nearby
Explore this area
Business Placement
Demographics for 33019, FL
15,497
Population
12,453
Households
1.2
Avg Household Size
55
Median Age
60%
College-Educated
97%
High-School Grad
3.7 sq mi
ZIP Area
4,188
Density / Sq Mi
$94,824
Median Household Income
$59,226
Median Earnings
$1,983
Median Rent
$631,800
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Apartment building - Twelve renovated units on Hollywood Beach Broadwalk, ready for short-term rentals.
Where is this apartment building located?
The property is located at 335 Georgia Street Hollywood, FL.
What is the asking price?
The asking price for this property is $4,200,000.
What are key features of this property?
This property features: 12 income‑producing units with month‑to‑month leases, allowing immediate transition to short‑term rentals.; Directly on Hollywood Beach Broadwalk, steps from the Atlantic Ocean.**; Fully renovated, gated compound with new Spanish tile roof, updated plumbing and electrical.**
