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24955396
24955397

1900 N Ocean Dr, Hollywood, FL 33019

AB
FL BK3357791
$4,350,000
317 days on market
Updated 148 days ago

Sunset Motel

Details
APN 5142 12 01 0150, 5142 12 01 0140
Property Type Hospitality, Multifamily
Sub Type Hotel
Net Rentable (SqFt) 4,958
Units 10
Broker Co-Op Yes
Year Built 1941
Year Renovated 2024
Stories 2
Acreage 0.190

Hospitality

Marketing description

Capview Brokerage is excited to present the exclusive sale of the Sunset Motel (herein referred to as “the property”), a fully licensed 10-unit boutique waterfront Motel located at 1900 N Ocean Drive in Hollywood Beach, Florida. The property is located on the Stranahan River, an intracoastal channel in Broward County, Greater Miami, Florida. The Stranahan River is designated as a restricted marine area and is situated nearby to the hamlets Harbor Beach and Lauderdale Harbors. The property consists of a triple lot totaling 8,270 square feet of waterfront land within the BRT-25-A1A-C Zoning District. The property presents a very unique opportunity as a short term rental property with a diverse and desirable unit mix consisting of six (6) one-bedroom and four (4) studio and one-bathroom units. Units are well maintained and feature well laid out floor plans, lots of storage space and ceiling fans. Select units feature remodeled kitchens with dishwashers and upgraded bathrooms with refreshed vanity areas and elegant tiling throughout. The property has an abundance of parking with 11 parking spaces, which provides an additional convenience for current and future guests. Furthermore, the property features 122’ of water frontage and is appointed with a brand new 95’ dock, which can be rented on a long or short term basis or bundled with room packages to further entice guests. The Sunset Motel provides new ownership a variety of unique amenities that will enable higher than average daily rates and greater guest retention inclusive of water front views in select units, dock space, plenty of parking and spacious units. The in place Motel license assures new ownership the immediate opportunity to begin offering daily, weekly and longer vacation stays. Furthermore, the property presents a rare opportunity to acquire one of five individually owned waterfront motel properties located on the intracoastal channel in Hollywood Beach with four or more units. The Property offers stunning waterfront views and access to the river and is also less than 600 feet from the world-famous Hollywood Beach. The Property is positioned in between State Routes 820 and 822, the area’s two primary east-west roadways and offers convenient access to an appealing array of restaurants, bars, retailers, and entertainment options along N Ocean Drive and in Downtown Hollywood, which is 2-miles away. The Property is located near a number of public transportation options and major roads and is in close proximity to major attractions and points of interest in the area including the Diplomat Beach Resort, Margaritaville Hollywood Beach Resort, Seminole Hard Rock Hotel, the Hollywood/Fort Lauderdale International Airport, Port Everglades and the World-Famous Hollywood Beach Boardwalk.

Investment highlights

· 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.

Listing Contacts

AB
FL BK3357791

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Additional Information

Name
Alec Bashein
License
BK3357791
Brokerage
Capview Brokerage
Brokerage Phone
(305) 299-0775
Title
FL
Brokerage Address
121 Alhambra Plaza
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