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Ocean's Sound Hotel 322 Nevada St 16 Room Hotel Hollywood, FL 33019 $5,000,000 ($312,500/Room) 7.27% Cap Rate
INVESTMENT HIGHLIGHTS
- Private parking on property acting as additional revenue source
- Entry-Level investment opportunity: smaller 16-room count makes this a manageable, cost-effective investment, ideal for first-time buyers entering
- Located adjacent to an 8 story city owned public garage
EXECUTIVE SUMMARY
Welcome to Ocean’s Sound Motel, a rare investment opportunity located in vibrant Hollywood, Florida. This charming 16-room motel is now available for sale, offering both a prime location and strong potential for income generation or redevelopment.
Situated just minutes from the world-famous Hollywood Beach and Broadwalk, Ocean’s Sound Motel sits on an 8,054 SF lot and boasts a building size of 9,927 SF. The property includes 16 well-maintained guest rooms, making it ideal for short-term vacation rentals, boutique hospitality, or repositioning for alternative commercial uses.
With consistent tourism traffic year-round, proximity to dining, shopping, and entertainment, and easy access to Fort Lauderdale–Hollywood International Airport, this offering presents a unique chance to acquire a high-demand asset in one of South Florida’s most dynamic coastal markets.
Whether you’re an investor seeking turnkey income, a hotel operator looking to expand, or a developer eyeing future potential, Ocean’s Sound Motel represents exceptional value and opportunity.
Situated just minutes from the world-famous Hollywood Beach and Broadwalk, Ocean’s Sound Motel sits on an 8,054 SF lot and boasts a building size of 9,927 SF. The property includes 16 well-maintained guest rooms, making it ideal for short-term vacation rentals, boutique hospitality, or repositioning for alternative commercial uses.
With consistent tourism traffic year-round, proximity to dining, shopping, and entertainment, and easy access to Fort Lauderdale–Hollywood International Airport, this offering presents a unique chance to acquire a high-demand asset in one of South Florida’s most dynamic coastal markets.
Whether you’re an investor seeking turnkey income, a hotel operator looking to expand, or a developer eyeing future potential, Ocean’s Sound Motel represents exceptional value and opportunity.
PROPERTY FACTS
| Price | $5,000,000 | Lot Size | 0.23 AC |
| Price Per Room | $312,500 | Building Size | 8,054 SF |
| Sale Type | Investment | No. Rooms | 16 |
| Cap Rate | 7.27% | No. Stories | 2 |
| Property Type | Hospitality | Year Built/Renovated | 1970/2017 |
| Property Subtype | Hotel | Corridor | Exterior |
| Building Class | C | ||
| Zoning | BRT-25-C | ||
| Price | $5,000,000 |
| Price Per Room | $312,500 |
| Sale Type | Investment |
| Cap Rate | 7.27% |
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | C |
| Lot Size | 0.23 AC |
| Building Size | 8,054 SF |
| No. Rooms | 16 |
| No. Stories | 2 |
| Year Built/Renovated | 1970/2017 |
| Corridor | Exterior |
| Zoning | BRT-25-C |
ROOM MIX INFORMATION
| DESCRIPTION | NO. ROOMS | DAILY RATE | SF |
|---|---|---|---|
| Suite | 16 | $171.00 | - |
PROPERTY TAXES
| Parcel Number | 51-42-12-01-1700 | Improvements Assessment | $3,559,170 |
| Land Assessment | $447,410 | Total Assessment | $4,006,580 |
PROPERTY TAXES
Parcel Number
51-42-12-01-1700
Land Assessment
$447,410
Improvements Assessment
$3,559,170
Total Assessment
$4,006,580
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Ocean's Sound Hotel | 322 Nevada St
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