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Coastal Sunset 1900 N Ocean Dr 10 Room Hotel Hollywood, FL 33019 $4,350,000 ($435,000/Room) 6.76% Cap Rate
Investment Highlights
- Triple waterfront lot with 122 feet of frontage
- Only five waterfront motels of this scale in the area
- Select units feature remodeled kitchens and bathrooms
- Brand-new 95-foot dock with rental income potential
- Fully licensed for daily, weekly, and long-term stays
- 11 dedicated parking spaces for guest convenience
Executive Summary
• 2.5% Buyer Broker Fee.
• 10-unit boutique motel on a triple waterfront lot (8,270 SF) in the BRT-25-A1A-C Zoning District.
• 122 feet of water frontage with a brand-new 95-foot dock, rentable on a short-term or long-term basis.
• Select units feature stunning water views, further justifying higher average daily rates (ADRs).
• Rare opportunity as one of only five individually owned waterfront motels with four or more units in this area.
• Fully licensed motel with immediate operational ability for daily, weekly, or long-term vacation stays.
• 6 One-Bedroom Units and 4 Studio Units, all well-maintained.
• Generous floor plans with ample storage and ceiling fans.
• Select units have remodeled kitchens (including dishwashers) and upgraded bathrooms with elegant tiling and refreshed vanity areas.
• 11 dedicated parking spaces, a rarity for similar properties, ensuring convenience for both short-term and long-term guests.
• 10-unit boutique motel on a triple waterfront lot (8,270 SF) in the BRT-25-A1A-C Zoning District.
• 122 feet of water frontage with a brand-new 95-foot dock, rentable on a short-term or long-term basis.
• Select units feature stunning water views, further justifying higher average daily rates (ADRs).
• Rare opportunity as one of only five individually owned waterfront motels with four or more units in this area.
• Fully licensed motel with immediate operational ability for daily, weekly, or long-term vacation stays.
• 6 One-Bedroom Units and 4 Studio Units, all well-maintained.
• Generous floor plans with ample storage and ceiling fans.
• Select units have remodeled kitchens (including dishwashers) and upgraded bathrooms with elegant tiling and refreshed vanity areas.
• 11 dedicated parking spaces, a rarity for similar properties, ensuring convenience for both short-term and long-term guests.
Property Facts
| Price | $4,350,000 | Lot Size | 0.19 AC |
| Price Per Room | $435,000 | Building Size | 4,958 SF |
| Sale Type | Investment | No. Rooms | 10 |
| Cap Rate | 6.76% | No. Stories | 2 |
| Property Type | Hospitality | Year Built | 1941 |
| Property Subtype | Hotel | Parking Ratio | 1.3/1,000 SF |
| Building Class | C | Corridor | Interior |
| Zoning | BRT-25-A1A-C - Beach Resort Tourist District – A1A Commercial | ||
| Price | $4,350,000 |
| Price Per Room | $435,000 |
| Sale Type | Investment |
| Cap Rate | 6.76% |
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | C |
| Lot Size | 0.19 AC |
| Building Size | 4,958 SF |
| No. Rooms | 10 |
| No. Stories | 2 |
| Year Built | 1941 |
| Parking Ratio | 1.3/1,000 SF |
| Corridor | Interior |
| Zoning | BRT-25-A1A-C - Beach Resort Tourist District – A1A Commercial |
Amenities
- Pool
- High Speed Internet Access
- Patio
- Public Access Wifi
- Smoke-Free
Room Mix Information
| Description | No. Rooms | Daily Rate | SF |
|---|---|---|---|
| Suite | 2 | $179.00 | - |
| Guest Room | 8 | $112.00 | - |
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Property Taxes
| Parcel Numbers | Improvements Assessment | $1,486,090 | |
| Land Assessment | $810,900 | Total Assessment | $2,632,490 |
Property Taxes
Parcel Numbers
Land Assessment
$810,900
Improvements Assessment
$1,486,090
Total Assessment
$2,632,490
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Presented by
Capview Brokerage
Coastal Sunset | 1900 N Ocean Dr
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