327 Harding St - Hospitality FOR SALE


Hollywood, FL 33019- Hollywood Beach-Quadoman
$3,950,000 USD
917-405-3513
327 Harding St, Hollywood, FL for Sale
$3,950,000 USD
Hospitality - FOR SALE
1/7
null | Request Cap Rate

327 Harding St
Hollywood, FL 33019
Hollywood Beach-Quadoman


OVERVIEW

LOCATION! TURNKEY! Tiana Beach Inn is a recently renovated 13-key boutique hotel ideally located steps from the Hollywood Beach Broadwalk, offering a combination of stable in-place performance and significant value-add potential. Since acquisition, the property has undergone cosmetic updates and has developed a solid base of repeat customers along with a strong online reputation; however, room rates have historically been limited by its previously outdated condition and underutilization of certain units, including an office/storage room that is not currently generating revenue and a one-bedroom unit with only partial use. The property currently generates approximately $390K–$420K in annual room revenue with occupancy in the 75 % range and ADR around $130-$140 With the ongoing renovation and repositioning, there is a clear path to increasing ADR into the $170+ range and improving occupancy into the mid to high -80s, driving projected stabilized revenue of ~$550K+ and NOI exceeding $200K. Additional upside includes implementing parking fees, monetizing ancillary services (early check in, late check out), and converting office space into fully revenue-generating unit, creating a compelling opportunity for an investor or owner-operator to unlock value and achieve a stabilized return in the 5%+ range in a high-demand South Florida coastal market. Additionally, there may be a potential opportunity to assemble with an adjacent land parcel, and ownership can facilitate an introduction to the neighboring property owner for interested parties, subject to independent discussions.

FOR SALE DETAILS

PRICE

$3,950,000 USD

PRICE/SF

$1,004 USD /SF

# OF ROOMS

13

PRICE/ROOM

$303,846 {currency}

CAP RATE

Request Cap Rate

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Tiana Beach Inn

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

2

ROOM ENTRANCE

Exterior

BUILDING CLASS

C

YEAR BUILT

1955

PARKING SPACES

4

LAND DETAILS

LAND ACRES

0.15 AC

LAND SF

6,534 SF

ZONING

BRT-25-R

APN/PARCEL ID

51-42-12-02-0580,51-42-12-02-0590

ASK ABOUT THIS PROPERTY

Adnan JafarovADEN HospitalityMore Info
917-405-3513

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Adnan JafarovADEN HospitalityMore Info
917-405-3513

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.