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    26 Diplomat Pkwy Hallandale Beach, FL 33009

    For Sale
    Contact for pricing

    Prime Hotel Development Opportunity, 75,000 SF

    Property size:
    75,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    369
    This exceptional 75,000 square foot hotel property at 26 Diplomat Parkway in Hallandale Beach, Florida presents a compelling development opportunity. Built in 1962, this single, two-story building sits on a highly desirable location boasting direct exposure to Hallandale Beach Boulevard. Its strategic position between CVS, the Diplomat Country Club golf course, and the Diplomat Mall Shopping Center ensures high visibility and accessibility. The property includes a dock with Intracoastal access, requiring passage under only one fixed bridge with a 16-foot height clearance. Development potential is significant, with a maximum buildable height of 350 feet and a maximum building height of 50 dwelling units per acre. Local zoning regulations mandate a minimum landscape area of 15%. The asking price for this prime development site is $55,000,000. This presents a unique chance to capitalize on the thriving Hallandale Beach market and create a landmark property. All information should be independently verified prior to any contractual agreements. The property's address is 26 Diplomat Parkway, Hallandale Beach, Florida, 33009, located in Broward County.

    Property Features for 26 Diplomat Pkwy

    General Information

    Property type
    Hotels
    Square Feet
    75,000 SF

    Building Details

    Year Built
    1962
    Buildings
    1
    Stories
    2
    Property Profile Location Intelligence

    Current Use by Public Records

    Hotels

    Suggested Use

    Realty agency Law Firm Restaurant Dental Office Spa & Massage Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Hallandale Beach
    County
    Broward
    State
    Florida
    Longitude
    -80.1274833
    Latitude
    25.9869901

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    FAQs

    What type of property is this?
    Hotel - Prime Hotel Development Opportunity, 75,000 SF
    Where is this hotel located?
    The property is located at 26 Diplomat Pkwy Hallandale Beach, FL.
    What is the asking price?
    The asking price for this property is $55,000,000.
    Request Owner's contact information
    26 Diplomat Pkwy Hallandale Beach, FL 33009
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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
    26 Diplomat Pkwy Hallandale Beach, FL 33009
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