Basics
| Date added Added 2 months ago | Category Hotel/Motel | Type Commercial Sale | Status Active |
| Lot size, sq ft 16548 sq ft | Year built 1970 | ListOfficeName LIV Real Estate Group | ListAOR Miami Association of REALTORS® |
| MLS ID A11961786 |
Description
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Description:
Rare Oceanfront Hospitality Opportunity on Hollywood Beach Broadwalk
The Riptide Hotel is a unique oceanfront hospitality property located directly on the Hollywood Beach Broadwalk, a renowned 2.5-mile pedestrian promenade. The property features 20 direct oceanfront guestrooms and operates as a vibrant beachfront destination with a tiki bar, full-service restaurant, and newly added coffee shop.
The offering includes two oceanfront buildings with brand-new roofs, 7 on-site parking spaces, and a separate private parking lot with 14 spaces, for a total of 21 private parking spaces. The property occupies an entire oceanfront block, an exceptionally rare configuration on the Broadwalk.
The hotel is in good condition and operates as a turnkey income-producing asset with value-add potential, including room upgrades, room service, and the possible addition of guestrooms and a pool, subject to approvals.
A 300+space municipal parking garage was completed on the same street in recent years, significantly improving accessibility and helping establish the hotel as a true destination along the Broadwalk.
The property also offers redevelopment potential, with approved architectural renderings for a new four-story, 31-room boutique hotel featuring a restaurant, bar, retails, rooftop and covered parking. Plans are included in the sale.
A rare opportunity to acquire an irreplaceable oceanfront hotel asset in a premier, supply-constrained beachfront market.
Location
- CountyOrParish: Broward County
Building Details
- ParkingTotal: 21
- NewConstructionYN: No
- Exterior material: CBS Construction
Video
- Virtual Tour: https://www.propertypanorama.com/instaview/mia/A11961786
Amenities & Features
- Security Features: Security System
- Waterfront available: Yes
- GarageYN: No
- AttachedGarageYN: No
- CoolingYN: No
- PoolPrivateYN: No
- FireplaceYN: No