2905 Sheridan StHollywood, FL 33020

Property Details for 2905 Sheridan St

Year built

1995

Construction

CONCRETE

Lot size

4.51 AC

Property size (Sq ft)

91,139 SF

Zone code

IM-1

Property type

Hotels

APN

51-42-04-16-0010

APU

514204160010

Description

Exceptional investment opportunity: a 150-key Holiday Inn in Hollywood, Florida, boasting 91,139 square feet on a 4.51-acre lot. This six-story, 1995-built hotel is strategically located directly off Interstate-95, offering unparalleled visibility and accessibility with an AADT of approximately 264,700 vehicles daily. Its prime location provides easy access to the Seminole Hard Rock Hotel & Casino and Hollywood Beach Boardwalk, catering to a large and diverse market within South Florida's thriving tri-county area, a region with over 6,000,000 residents. The property features an interior corridor design and presents multiple income streams, including an existing lease with an adjacent business and on-site food and beverage operations. The hotel operates under the highly desirable IHG Holiday Inn flag, offering the potential for continued operation under this brand or the opportunity to upbrand to another prestigious flag, such as DoubleTree by Hilton. The asking price is $25,000,000, translating to $274.31 per square foot. The property is zoned IM-1 and its Broward County APN is 514204160010. This presents a unique chance to acquire a well-established hotel in a high-growth market.

• CAP approach

  CAP return

  Valuation

  6%

  $37,035,788

  6.5%

  $34,186,880

  7%

  $31,744,960

• Comparable approach

  Method

  Valuation

  Relative Method

  $91,856,080

  Geo Method

  $91,856,080

• Alternative Use

  Use

  Valuation

  Residential

  $37,322,140

  Hospitality

  $34,186,880

  Educational

  $28,443,082

  Medical

  $29,421,284

  Retail

  $44,244,796

Location Insight

City

Hollywood

County

Broward

State

Florida

Latitude

26.0342

Longitude

-80.1671

CBSA code

33100

CBSA name

MIAMI-FORT LAUDERDALE-MIAMI BEACH, FL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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