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    339 Taylor St Hollywood, FL 33019

    For Sale
    $3,150,000

    Boutique Hotel, 7 Rooms, High ROI

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    360
    This exceptional 7-room boutique hotel, located at 339 Taylor St in Hollywood, Florida, presents a lucrative investment opportunity. Built in 1952 and situated on one story, this property boasts a strong track record of success, generating a gross rental income exceeding $400,000 annually. This income is derived from a combination of hotel operations and parking revenue. The hotel is currently fully operational and actively booked through platforms such as Airbnb, Booking.com, and Expedia, in addition to a loyal base of repeat clientele. Each of the seven units has undergone complete renovation and is in excellent condition, ensuring a high standard of guest comfort and maximizing rental potential. The property's prime location in Hollywood, Broward County, Florida (zip code 33019) offers easy access to local attractions and amenities. The asking price for this turnkey operation is $3,150,000. A potential combined purchase with an adjacent property at 315 Taylor St is also available. This presents a unique opportunity to acquire a thriving hospitality business with significant income potential and the possibility of expanding your portfolio. Detailed financial records are available upon request.

    Property Features for 339 Taylor St

    General Information

    Property type
    Hotels

    Building Details

    Year Built
    1952
    Stories
    1

    HighLights

    • 7‑room boutique hotel in Hollywood, FL, generating over $400,000 in annual gross rental income from hotel operations and parking.
    • Fully renovated, seven units in excellent condition, maximizing rental potential.
    • Prime Hollywood, FL location (33019) with easy access to local attractions.
    • Turnkey operation with asking price of $3,150,000.
    • Potential for combined purchase with adjacent property at 315 Taylor St.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Tropic Isle Boutique ... Hotel

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office 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
    Hollywood
    County
    Broward
    State
    Florida
    Longitude
    -80.1167026
    Latitude
    26.0151834

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    FAQs

    What type of property is this?
    Hotel - Boutique Hotel, 7 Rooms, High ROI
    Where is this hotel located?
    The property is located at 339 Taylor St Hollywood, FL.
    What is the asking price?
    The asking price for this property is $3,150,000.
    What are key features of this property?
    This property features: 7-room boutique hotel in Hollywood, FL, generating over $400,000 in annual gross rental income from hotel operations and parking.; Fully renovated, seven units in excellent condition, maximizing rental potential.; Prime Hollywood, FL location (33019) with easy access to local attractions.
    Request Owner's contact information
    339 Taylor St 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
    339 Taylor St Hollywood, FL 33019
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