322 Nevada St Hollywood, FL 33019-3532
Property profile & analytics
322 Nevada St Hollywood, FL 33019-3532
- Motels
- 8,054 SF
- 0.23 lot acres
Property ID
US18-4387516
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
Location Intelligence
Current Use by Public Records
- Ocean's Sound Hotel / Hotel & Motel
- Wincon Construction 1986 Ltd / Construction Company
Property Details for 322 Nevada St
- Year built
- 1970
- Construction
- CONCRETE
- Lot size
- 0.23 lot acres
- Property size
- 8,054 SF
- Zone code
- BRT-25-C
- Property type
- Motels
- APN
- 51-42-12-01-1700
- APU
- 514212011700
Description
This exceptional investment opportunity presents the Ocean Sound Hotel, a 16-room establishment ideally situated just steps from the renowned Hollywood Beach and Boardwalk in sunny Hollywood, Florida. The property boasts a substantial 8,054 square feet of building space on a generous 0.23-acre lot, measuring 120 feet by 80 feet. Its prime location within this rapidly developing area makes it an attractive proposition for savvy investors seeking strong returns. The hotel's proximity to the beach and boardwalk provides unparalleled access to the vibrant coastal lifestyle and numerous tourist attractions, ensuring consistent occupancy and rental income potential. The existing infrastructure offers immediate revenue generation, while the potential for renovations or expansion further enhances the long-term value proposition. This is a rare chance to acquire a well-positioned hotel in a high-demand location, offering both immediate income and significant future growth potential. The asking price of $4,999,999 reflects the exceptional value and potential of this unique beachfront property. Serious inquiries are encouraged to explore this lucrative investment opportunity further. Detailed financial statements and operational data are available upon request. Don't miss this chance to own a piece of Hollywood Beach's thriving hospitality sector.
Value Estimations
based on Realmo’s proprietary methodology
-
AI approach
- Method
- Estimation
- Statistic approach
- $5,050,000
- ML approach
- $5,660,000
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $5,055,000
- AI Estimate
- $4,281,000
Market price range: $3.36M - $6.26MMarket price range: $2.39M - $6.08M -
Alternative Use
- Use
- Estimation
- HOTEL/MOTEL
- $5,135,000 Current use
- RESTAURANT
- $7,045,000 Change: +37% Conversion: Difficult
- NEIGHBORHOOD: SHOPPING CENTER
- $5,370,000 Change: +5% Conversion: Difficult
- AUTO REPAIR, GARAGE
- $4,740,000 Change: -8% Conversion: Difficult
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Hollywood
- County
- Broward
- State
- Florida
- Longitude
- -80.1155
- Latitude
- 26.0256
- CBSA code
- 33100
- CBSA name
- MIAMI-FORT LAUDERDALE-MIAMI BEACH, FL METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$89,542
$447,410
$3,559,170
$4,006,580
-
$447,410
$3,559,170
$4,006,580
