2307 Surf Rd Hollywood, FL 33019
- Motels
- 5,318 SF
- 0.30 lot acres
Current Use by Public Records
- Surf Terrace Apartments / Apartment Building
- The Surf Hollywood Beach / Hotel
Property Details for 2307 Surf Rd
- Year built
- 1953
- Construction
- CONCRETE
- Lot size
- 0.30 lot acres
- Property size
- 5,318 SF
- Zone code
- BRT-25-C
- Property type
- Motels
- APN
- 51-42-12-01-1740
- APU
- 514212011740
Description
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.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $3,435,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $3,425,000
- 6.5%
- $3,230,000
- 7%
- $3,295,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $3,530,000
- Geo Method
- $3,370,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $3,395,000
- Retail
- $2,955,000
- Mixed-Use
- $2,795,000
- Hospitality
- $3,200,000
- Educational
- $3,480,000
- Residential Income
- $3,150,000
- Energy
- $2,880,000
- Income-Based Land
- $3,080,000
- Food Service
- $3,060,000
Location Insight
- Map
- Local Demand
- City
- Hollywood
- County
- Broward
- State
- Florida
- Longitude
- -80.1153
- Latitude
- 26.0261
- CBSA code
- 33100
- CBSA name
- MIAMI-FORT LAUDERDALE-MIAMI BEACH, FL METROPOLITAN STATISTICAL AREA
