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Hollywood Central Beach

$3,200,000

318 Walnut St, Hollywood, FL 33019

Active
Last Updated: 10/08/2026

1959

Year Built

1

Floors

Details:
Year Built:    1959
Floors:    1
Parking Spots:    6
Highlights:
  • Lot Features: Less Than 1/4 Acre Lot
  • Documents Available: Existing Survey
  • Architectural Style: Attached
  • Cooling: Other
  • Heating: Other
  • Flooring: Other
  • Construction Materials: Other
Description:

Rare opportunity to acquire a boutique 7-unit multifamily property a short walk from the beach in Hollywood's desirable North Beach neighborhood. Currently operating as a short-term rental portfolio with city and state licenses in place, this property offers exceptional flexibility — continue the turnkey hospitality operation, convert to long-term rentals, or pursue future redevelopment.

Property Features: 7 units, all 1-bedroom/1-bathroom layouts, all rehabbed in 2023 with NEW ROOF. One-story building with on-site parking on 6,291 SF lot (0.15 acres). . Zoned NBBD-DZ, offering potential redevelopment opportunities (buyer to verify).

Prime Location — a short walk to Hollywood Beach, the Broadwalk, the Intracoastal Waterway, plus restaurants, cafes, shopping, and entertainment.

Investment Highlights: priced at land value; rental income is buyer upside. Operating short-term rental business with licenses in place. Ideal for boutique hospitality, vacation rentals (subject to local regulations), or a long-term multifamily hold. Redevelopment potential under current zoning — strong potential for 3 townhomes (buyer to verify with the city). The surrounding neighborhood continues to experience significant redevelopment, with luxury residential and boutique hospitality projects driving long-term appreciation. Buyer to verify all information.

Map:
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