338 Walnut St, Hollywood, FL 33019

for sale by owner Boutique Beachside Hospitality & Multifamily Investment Opportunity – Hollywood Beach Asking Price: $2,400,000 Rare opportunity to acquire a fully renovated 9-unit boutique multifamily property just steps from the beach in the highly desirable North Hollywood Beach neighborhood. Delivered vacant, this property offers exceptional flexibility for investors seeking a boutique hospitality operation, short-term vacation rental portfolio (subject to local regulations), long-term rental investment, or future redevelopment. The property underwent an extensive renovation in 2017, including new roofs, impact windows, electrical, plumbing, HVAC systems, kitchens, bathrooms, drywall, fencing, and numerous interior and exterior upgrades, significantly reducing future maintenance costs. Property Features 9 Conforming Units 3,047 SF Building 6,291 SF Lot (0.15 Acres) Built in 1967 Fully Renovated (2017) One-story building On-site parking Zoned NBBD-DZ, offering potential redevelopment opportunities (buyer to verify). Prime Location Located just a short walk from: Hollywood Beach & Atlantic Ocean Hollywood Beach Broadwalk Intracoastal Waterway Hollywood Beach Fishing Pier Adler Park Restaurants, cafés, shopping, and entertainment Investment Highlights Vacant and ready for immediate repositioning Ideal for boutique vacation rentals or hospitality use Long-term multifamily investment opportunity Redevelopment potential under current zoning Strong tourism market with year-round demand The surrounding neighborhood continues to experience significant redevelopment, with luxury residential and boutique hospitality projects driving long-term appreciation. A neighboring property is currently listed for $3.5 million as a redevelopment opportunity, underscoring the area's continued investment momentum. This is a unique opportunity to acquire a turnkey coastal asset with immediate income potential and long-term upside in one of South Florida's most sought-after beachfront markets