339 Taylor St Hollywood, FL 33019
- Hotels
- 2,844 SF
- 0.15 lot acres
Current Use by Public Records
- Tropic Isle Boutique Apartment / Hotel / Holiday Apartment Rental
Property Details for 339 Taylor St
- Year built
- 1952
- Construction
- CONCRETE
- Lot size
- 0.15 lot acres
- Property size
- 2,844 SF
- Zone code
- BRT-25-C
- Property type
- Hotels
- APN
- 51-42-13-01-1570
- APU
- 514213011570
Description
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.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $2,430,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $2,610,000
- 6.5%
- $2,350,000
- 7%
- $2,295,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $2,220,000
- Geo Method
- $2,300,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $2,570,000
- Retail
- $2,600,000
- Mixed-Use
- $2,645,000
- Hospitality
- $2,340,000
- Educational
- $2,700,000
- Residential Income
- $2,620,000
- Energy
- $2,870,000
- Income-Based Land
- $2,075,000
- Food Service
- $2,255,000
Location Insight
- Map
- Local Demand
- City
- Hollywood
- County
- Broward
- State
- Florida
- Longitude
- -80.1167
- Latitude
- 26.0151
- CBSA code
- 33100
- CBSA name
- MIAMI-FORT LAUDERDALE-MIAMI BEACH, FL METROPOLITAN STATISTICAL AREA