1715 Surf RdHollywood, FL 33019

Property Details for 1715 Surf Rd

Year built

1997

Lot size

0.07 AC

Zone code

RM-25-SCB

Property type

Parking lots & garages

APN

51-42-24-02-0260

APU

514224020260

Description

This exceptional investment opportunity presents a 12-unit, 6,359 square foot boutique hotel situated on four oceanfront lots in Hollywood, Florida (33019). Built in 1959, the Manta Ray Hotel boasts a loyal clientele and ample parking. The property also includes a vacant fifth lot across Surf Road, east of the coastal construction line. A five-foot easement exists on one lot and is movable to the south end of the fourth lot. The hotel's prime location offers breathtaking Atlantic views, attracting both tourists and locals. Its historic charm, combined with modern comforts, creates a unique and versatile property with potential beyond its current use as a hotel. The hotel's warm ambiance and proximity to the Hollywood Beach boardwalk and diverse dining options make it a highly desirable asset. This is a rare chance to acquire a piece of Hollywood's legacy, embodying enduring sophistication and coastal allure. The asking price is $9,999,000. Appointments are required.

• CAP approach

  CAP return

  Valuation

  6%

  $1,682,945

  6.5%

  $1,553,488

  7%

  $1,442,525

• Comparable approach

  Method

  Valuation

  Relative Method

  $3,458,488

  Geo Method

  $3,458,488

• Alternative Use

  Use

  Valuation

  Residential

  $1,310,425

  Hospitality

  $1,200,342

  Educational

  $998,671

  Medical

  $1,033,017

  Retail

  $1,553,488

Location Insight

City

Hollywood

County

Broward

State

Florida

Latitude

26.0018

Longitude

-80.1168

CBSA code

33100

CBSA name

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

Property Tax & Assessments

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