Hotel-Motel

Ocean front development site

3001 N Ocean Dr, Hollywood, FL 33019

Listing Price: $25,000,000

Lot Size
1.56 acres
Price/Acre
$16,025,641
Land Type
Redevelopment

Investment Overview

Marcus & Millichap is pleased to exclusively offer for sale a rare development opportunity on the barrier island of the famed Hollywood beach submarket. Situated in the intersection of North Ocean Drive (A1A) and Scott Street along Broadwalk, this ocean front city block consists of sixteen parcels assembled by current ownership over a period of ten years. Current Zoning allows for an estimated eighty eight room hotel fifty feet high. Rezoning the lot to Planned development (PD) will allow for an estimated one hundred seventhly five rooms. The location allows for easy access to all key destinations within Hollywood Beach and young circle, and is a short drive from Federal Hwy (US-1) and interstate 95. Hollywood beach is known for its world famous Broadwalk which stretches two and half miles along white sand and is home to more than sixty restaurants, thirty boutiques / shops and three waterfront public parks with free weekly concert series. The promenade also offers dozens of luxury hotels and condominiums such as the Diplomat, Trump Hollywood, Marriott, and Margaritaville Hollywood Beach Resort. This unique assemblage of waterfront real estate offers an opportunity to build a masterpiece in one of the hottest submarkets in South Florida.

Investment Highlights

  • Rare ocean front city block
  • Ideal for condo hotel development
  • World famous beach destination

Exclusively Listed By

Hotel-Motel

Ocean front development site

Listing Price: $25,000,000

Lot Size
1.56 acres
Price/Acre
$16,025,641
Land Type
Redevelopment

Investment Highlights

  • Rare ocean front city block
  • Ideal for condo hotel development
  • World famous beach destination

Investment Overview

Marcus & Millichap is pleased to exclusively offer for sale a rare development opportunity on the barrier island of the famed Hollywood beach submarket. Situated in the intersection of North Ocean Drive (A1A) and Scott Street along Broadwalk, this ocean front city block consists of sixteen parcels assembled by current ownership over a period of ten years. Current Zoning allows for an estimated eighty eight room hotel fifty feet high. Rezoning the lot to Planned development (PD) will allow for an estimated one hundred seventhly five rooms. The location allows for easy access to all key destinations within Hollywood Beach and young circle, and is a short drive from Federal Hwy (US-1) and interstate 95. Hollywood beach is known for its world famous Broadwalk which stretches two and half miles along white sand and is home to more than sixty restaurants, thirty boutiques / shops and three waterfront public parks with free weekly concert series. The promenade also offers dozens of luxury hotels and condominiums such as the Diplomat, Trump Hollywood, Marriott, and Margaritaville Hollywood Beach Resort. This unique assemblage of waterfront real estate offers an opportunity to build a masterpiece in one of the hottest submarkets in South Florida.

Exclusively Listed By

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