315 Taylor St Hollywood, FL 33019
- Motels
- 3,539 SF
- 0.15 lot acres
Current Use by Public Records
- Tropic Isle Hotel & Apts / Hotel
Property Details for 315 Taylor St
- Year built
- 1957
- Construction
- CONCRETE
- Lot size
- 0.15 lot acres
- Property size
- 3,539 SF
- Zone code
- BRT-25-C
- Property type
- Motels
- APN
- 51-42-13-01-1540
- APU
- 514213011540
Description
This exceptional two-story hotel, built in 1957, is ideally situated on 315 Taylor St, Hollywood, Florida, 33019, in Broward County. Priced at $3,700,000, this property offers a compelling investment opportunity. The hotel boasts a prime location, just steps from the renowned Hollywood Boardwalk and the ocean, ensuring high occupancy rates and strong revenue generation. Currently operating as the Tropic Isle hotel and apartment online, it benefits from bookings through major platforms like Booking.com, Airbnb, and Expedia, along with a loyal base of repeat customers. The property comprises eight studio apartments and two one-bedroom apartments, each with two bathrooms, providing a total of ten rental units. Eight parking spaces are available for guests and residents. The hotel enjoys excellent client reviews, reflecting its quality and service. Its strategic location behind Mamacita and a few blocks from Margaritaville further enhances its appeal and potential for continued success. A potential combined purchase opportunity with the adjacent property at 339 Taylor St is also available. This presents a unique chance to acquire a significant beachfront hospitality asset in a thriving tourist destination.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $3,000,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $3,040,000
- 6.5%
- $3,350,000
- 7%
- $3,145,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $3,190,000
- Geo Method
- $2,590,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $2,420,000
- Retail
- $2,915,000
- Mixed-Use
- $2,550,000
- Hospitality
- $2,440,000
- Educational
- $2,955,000
- Residential Income
- $2,785,000
- Energy
- $3,280,000
- Income-Based Land
- $3,225,000
- Food Service
- $3,230,000
Location Insight
- Map
- Local Demand
- City
- Hollywood
- County
- Broward
- State
- Florida
- Longitude
- -80.1161
- Latitude
- 26.0152
- CBSA code
- 33100
- CBSA name
- MIAMI-FORT LAUDERDALE-MIAMI BEACH, FL METROPOLITAN STATISTICAL AREA
