Active
hotel/motel
SALE
2300-2325 N Surf Road, Hollywood, Florida 33019
Hollywood, FL 33019
$13,980,000
Property Details
MLS#
A12053450
Type
Hotel/motel
Year Built
1970
Tax Amount
$157,789
Property Description
Rare Oceanfront Hospitality Opportunity on Hollywood Beach Broadwalk. The Riptide Hotel is a unique oceanfront hospitality property located directly on the Hollywood Beach Broadwalk, a renowned 2.5-mile pedestrian promenade. The property features 20 direct oceanfront guestrooms and operates as a vibrant beachfront destination with a tiki bar, full-service restaurant, and newly added coffee shop. The offering includes two oceanfront buildings with brand-new roofs, 7 on-site parking spaces, and a separate private parking lot with 14 spaces, for a total of 21 private parking spaces. The property occupies an entire oceanfront block, an exceptionally rare configuration on the Broadwalk. The hotel is in good condition and operates as a turnkey income-producing asset with value-add potential, including room upgrades, room service, and the possible addition of guestrooms and a pool, subject to approvals. A 300+space municipal parking garage was completed on the same street in recent years, significantly improving accessibility and helping establish the hotel as a true destination along the Broadwalk. The property also offers redevelopment potential, with approved architectural renderings for a new four-story, 31-room boutique hotel featuring a restaurant, bar, retails, rooftop and covered parking. Plans are included in the sale. A rare opportunity to acquire an irreplaceable oceanfront hotel asset in a premier, supply-constrained beachfront market.
Amenities
2 Stories
Built 1970
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30 Year Fixed, 6.59% Interest
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Property Location
Listing Office:
LIV Real Estate Group
Listing Agent:
David Benichou
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