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    2307 Surf Rd Hollywood, FL 33019

    For Sale
    $6,400,000

    Beachfront Office, 8 Units, High Returns

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    369
    This exceptional 8-unit office building, located at 2307 N Surf Road in Hollywood, Florida, presents a unique investment opportunity. Built in 1953, this two-story structure boasts a prime beachfront location, just steps from the sand. The property features eight sizable units, each equipped with lock-out doors, allowing for flexible rental arrangements and potentially increasing the unit count to ten. The building's Art Deco style has been tastefully modernized, maintaining its charm while offering contemporary amenities. The property sits on four commercially zoned lots, providing potential for expansion, such as adding a tiki bar to capitalize on the high foot traffic from the neighboring hotel/bar. The building includes convenient features such as a separate coin-operated laundry room and an owner's/office unit. Hurricane-resistant windows and doors ensure peace of mind. The property's impressive curb appeal and remarkable location contribute to its strong performance, currently generating over $350,000 in gross annual revenue, largely driven by online bookings and returning clientele. Parking is available at the rear of the building. The asking price is $6,400,000. This is a rare chance to own a piece of paradise and a highly profitable commercial property in a coveted location. The lot size is not specified. The zip code is 33019.

    Property Features for 2307 Surf Rd

    General Information

    Property type
    Office Properties & Spaces

    Building Details

    Year Built
    1953
    Units
    8

    HighLights

    • Prime beachfront 8‑unit office building in Hollywood, FL (33019), asking $6,400,000.
    • Two‑story, Art Deco building with modernized amenities, built in 1953.
    • Eight sizable units with lock‑out doors, potential for up to ten units.
    • Located on four commercially zoned lots, offering expansion potential.
    • Features a coin‑operated laundry and an owner's/office unit.
    • Hurricane‑resistant windows and doors; rear parking available.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Surf Terrace Apartments Apartment Building The Surf Hollywood Beach Hotel

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Building Supply Clothing Store Gym & Fitness Auto Repair Shop Pharmacy Skin Care Clinic

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Hollywood
    County
    Broward
    State
    Florida
    Longitude
    -80.1152468
    Latitude
    26.0259675

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    FAQs

    What type of property is this?
    Office Property / Space - Beachfront Office, 8 Units, High Returns
    Where is this office property / space located?
    The property is located at 2307 Surf Rd Hollywood, FL.
    What is the asking price?
    The asking price for this property is $6,400,000.
    What are key features of this property?
    This property features: Prime beachfront 8-unit office building in Hollywood, FL (33019), asking $6,400,000.; Two-story, Art Deco building with modernized amenities, built in 1953.; Eight sizable units with lock-out doors, potential for up to ten units.
    Request Owner's contact information
    2307 Surf Rd Hollywood, FL 33019
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    Hollywood, FL 33019
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    2307 Surf Rd Hollywood, FL 33019
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