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… Read More 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. Read Less
Courtesy of LIV Real Estate Group 561-212-4640
Listing Snapshot
Days Online
2
Last Updated
Property Type
Hotel/Motel
Square Ft.
9,439
Lot Size
0.38 Acres
Year Built
1970
MLS Number
A12053450
30 Days Snapshot Of 33019
$693k
+17%
(avg) sold price
22
-48%
homes sold
146
-14%
(avg) days on market
Snapshot
Area Map
Additional Details
Property Access
Road frontage type: "City Street"
Building
Built in 1970, Construction materials: "CBS", Toal building area: 9439, 3 total units
Floors
"Tile"
Lot
0.38 acres
Parking
21 total parkings
Property
Zoning: BWK-25-H
Security Features
"Security System"
Taxes
Annual amount: $157,789
Tenant Pays
"Taxes", "Sales Tax"
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