3505 S Ocean Dr, Hollywood, FL 33019 — MLS photo

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3505 S Ocean Dr, Hollywood, FL 33019

Active · Business

$1,950,000

3505 S Ocean Dr, Hollywood, FL 33019

Beds
—
Baths
0
Living area
— sq ft
$ / sq ft
—
Year built
1964
Lot size
—
HOA fee
—
Annual tax
—

About this property

Unique opportunity to own a restaurant with the real estate in a prime beachfront location in the Alexander Towers in Hollywood Beach, located NEXT to the renowned Diplomat Beach Resort. This fully equipped restaurant with a full commercial kitchen is ready to operate immediately, offering a rare chance for an owner-operator or investor to step into a turnkey beachside restaurant. The space offers approximately 2,000 SQFT total, including 1,300 SQFT of interior dining and kitchen area, 600 SQFT of outdoor seating facing the pool, and 100 SQFT allocated for bathrooms and storage. The restaurant is located on the ground floor of a residential building with 270 units, providing a built-in customer base in addition to the steady flow of beach visitors and local tourists. The fully built-out commercial kitchen includes a 10-foot hood and grease trap, making it suitable for a wide range of culinary concepts. The City of Hollywood is known for being easy to work with, allowing a new owner to reopen quickly—potentially the very next day. With its beachfront setting, strong local and tourist traffic, and the rare advantage of owning the real estate along with the restaurant, this is an exceptional investment opportunity in one of South Florida’s most desirable coastal destinations.

Property location

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3505 S Ocean Dr, Hollywood, FL 33019

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Facts & features

Interior

Bathrooms
0

Exterior & Structure

Property type
Business
Year built
1964

Parking

Not provided in the MLS listing.

HOA, Community & Financials

County
Broward
MLS listing ID
A11978729
Listing status
Active

Investment intelligence

Yield & ROI calculator

Pre-filled from this listing's price, HOA and tax record. Adjust anything to see returns update instantly.

Estimated monthly cash flow

-$3,816

Cap rate
3.3%
Net yield
3.3%
Cash-on-cash return
-8.4%
Gross yield
6.6%
Mortgage payment
$9,244/mo
Down payment
$487,500
Loan amount
$1,462,500
Annual NOI
$65,130

Estimates only — includes 5% maintenance reserve and ~3% closing costs in cash invested. Verify taxes, HOA and insurance before making an offer.