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Beachfront 22 Unit Hotel on Broadwalk 2800 N Surf Rd 22 Unit Apartment Building $12,500,000 ($568,182/Unit) Hollywood, FL 33019
Investment Highlights
- Direct oceanfront location with 180 feet of unobstructed beach exposure on Hollywood Broadwalk
- Stabilized operation with 22 vacation rental units featuring kitchenettes and private amenities
- Located within walking distance of the Broadwalk’s dining and entertainment district
- Renovated in 2022, including new elevator, modern interiors, and full appliance packages
- Large on-site pool with sun deck facing beach and Broadwalk; 23 dedicated parking spaces in private parking lot
- Convenient access to Fort Lauderdale-Hollywood International Airport, the Seminole Hard Rock Hotel and Casino and other major hospitality landmarks
Executive Summary
Berger Commercial is proud to present a prime oceanfront hospitality property on bustling Hollywood Beach. 2800 North Surf Road is a 22-unit vacation apartment building with a third-floor owner's penthouse. Featuring 180 feet of ocean-facing exposure with a large swimming pool and deck right on the famous Hollywood Broadwalk, the Tide Ocean Front Vacation Apartments offers a tremendous opportunity to own a high- quality asset in the vibrant South Florida tourist market with upside potential . The property has recently undergone over $1,000,000 in renovations including a new elevator, comprehensive room updates, new hurricane glass and full appliance packages. It currently operates as a stabilized oceanfront lodging facility with 23 dedicated parking spaces
website is www.tidevacation.com
website is www.tidevacation.com
Property Facts
| Price | $12,500,000 | Building Class | C |
| Price Per Unit | $568,182 | Lot Size | 0.30 AC |
| Sale Type | Investment | Building Size | 13,212 SF |
| No. Units | 22 | No. Stories | 2 |
| Property Type | Multifamily | Year Built/Renovated | 1974/2022 |
| Property Subtype | Apartment | Parking Ratio | 1.62/1,000 SF |
| Apartment Style | Low-Rise | ||
| Zoning | BWK-25-HD - Broadwalk Historic District Residential- Max density 25 residential units per acre; 50 hotel rooms per acre; 40 foot height limitation | ||
| Price | $12,500,000 |
| Price Per Unit | $568,182 |
| Sale Type | Investment |
| No. Units | 22 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.30 AC |
| Building Size | 13,212 SF |
| No. Stories | 2 |
| Year Built/Renovated | 1974/2022 |
| Parking Ratio | 1.62/1,000 SF |
| Zoning | BWK-25-HD - Broadwalk Historic District Residential- Max density 25 residential units per acre; 50 hotel rooms per acre; 40 foot height limitation |
Amenities
Unit Amenities
- Air Conditioning
- Balcony
- Washer/Dryer
- High Speed Internet Access
- Refrigerator
- Range
- Views
- Walk-In Closets
- Wi-Fi
- Deck
- Patio
- Porch
- Vinyl Flooring
- Wheelchair Accessible (Rooms)
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 19 | - | - |
| 2+1 | 1 | - | - |
| 2+2 | 1 | - | - |
| 3+3 | 1 | - | - |
Somewhat walkable
30/100
Exceptionally drivable
100/100
Limited public transit
30/100
Moderately bikeable
60/100
Property Taxes
| Parcel Numbers | Improvements Assessment | $3,898,670 | |
| Land Assessment | $1,322,120 | Total Assessment | $5,719,680 |
Property Taxes
Parcel Numbers
Land Assessment
$1,322,120
Improvements Assessment
$3,898,670
Total Assessment
$5,719,680
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Beachfront 22 Unit Hotel on Broadwalk | 2800 N Surf Rd
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