320 New York St , Hollywood, FL 33019

$9,900,000

Overview

Property ID: MSA11950868

Condominium, Commercial Sale
Property Type

12000 Sqft
Area Size

1988
Year Built

Description

Premier Hollywood Beach location~Rare Trophy parcel & Income-producing assemblage spanning 3 1/2-contiguous lots, less than 50 yards from famous Hollywood Beach Broadwalk~The property consists of a 13 condominium units to be sold together, including 6~1BED/1BA units & 7 Efficiency units w/1 Bath*Formerly operated as a hotel/motel, offering both in-place cash flow and exceptional long-term upside~Several units have been beautifully renovated~Currently operated with a combination of annual, Airbnb & short-term seasonal rentals, the property presents an opportunity for a new owner to enhance revenue through updated management and market-rate repositioning.
With its irreplaceable location, lot configuration, and favorable zoning, the property presents multiple exit strategies, including continued operation as a boutique rental asset or future luxury redevelopment~ The value is driven by land, frontage, income, and location rather than improvements alone. A compelling opportunity for an investor, end-user, or developer seeking a premier coastal asset with flexibility, optionality, and significant future potential in a supply-constrained market.