2905 Sheridan St Hollywood, FL 33020-1303
Exceptional investment opportunity: a 150-key Holiday Inn in Hollywood, Florida, boasting 91,139 square feet on a 4.51-acre lot. This six-story, 1995-built hotel is strategically located directly off Interstate-95, offering unparalleled visibility and accessibility with an AADT of approximately 264,700 vehicles daily. Its prime location provides easy access to the Seminole Hard Rock Hotel & Casino and Hollywood Beach Boardwalk, catering to a large and diverse market within South Florida's thriving tri-county area, a region with over 6,000,000 residents. The property features an interior corridor design and presents multiple income streams, including an existing lease with an adjacent business and on-site food and beverage operations. The hotel operates under the highly desirable IHG Holiday Inn flag, offering the potential for continued operation under this brand or the opportunity to upbrand to another prestigious flag, such as DoubleTree by Hilton. The asking price is $25,000,000, translating to $274.31 per square foot. The property is zoned IM-1 and its Broward County APN is 514204160010. This presents a unique chance to acquire a well-established hotel in a high-growth market.
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A. IM-1 Low Intensity Industrial and Manufacturing District. 1. Purpose and uses: District Purpose Main Permitted Uses Special Exception Prohibited Uses This district is intended to provide suitable standards for development and maintenance of office; heavy commercial; and light manufacturing uses. Commercial; Consignment Shop; Hotels and motels; Light Indus…
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
IM-1 · Hollywood, FLA. IM-1 Low Intensity Industrial and Manufacturing District. 1. Purpose and uses: District Purpose Main Permitted Uses Special Exception Prohibited Uses This district is intended to provide suitable standards for development and maintenance of office; heavy commercial; and light manufacturing uses. Commercial; Consignment Shop; Hotels and motels; Light Industrial and Manufacturing; Offices; Pawn Shop; Self-Storage Facility; Thrifty Shop; Warehouse. Oil and/or gasoline storage tanks; Outdoor commercial amusement facilities; Service Station Residential; Institutional; Heavy industrial and manufacturing; Hazardous Industries; Motor freight terminals; Paint or varnish manufacture; Uses which produce effects upon contiguous property in the form of noise, odor, vibration, smoke, particulate matter, glare, heat, fire or explosive hazard; All uses which are incompatible with the approved land use designation of the property pursuant to the City of Hollywood's future land use map. 2. Development regulations: Setbacks Maximum Height Maximum Lot Coverage Front or street side - Pursuant to the performance standards of the industrial street landscape buffers (§ 4.4 .E). Side interior and Rear - 0 feet. Whenever the IM-1 District abuts a residential district, 20 ft setback +1 additional ft per 1 ft increase over 15 ft of height. A 5 ft. wide approved landscaped buffer must be included and maintained pursuant to the industrial landscape buffers (§ 4.4 .E). 35 feet 90% Setbacks are measured from the Base Building Line pursuant to
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
