ASSETRAReal World Assets
26.02°N · 80.12°W
GROUND-UP DEVELOPMENT · FL

322 Oklahoma St.

Gallery10 photos
Strategy

Build-to-sell, capital back at exit

Hollywood Beach legal triplex, 4BR/4BA and 1,700 sqft, with zoning potential for a 5-story 18-room hotel.

Thesis

Entitlement-oriented strategy on a legal triplex at 322 Oklahoma Street in Hollywood, Florida, totaling 4 bedrooms, 4 baths, and 1,700 square feet, built in 1941. The public listing describes a renovated triplex steps from the ocean and notes zoning potential for a 5-story, 18-room hotel, with adjacent 326 Oklahoma also referenced as available. The strategy treats the existing triplex as the current income-producing improvement while underwriting a developer-oriented disposition or future hospitality redevelopment path if zoning, adjacent-lot control, and approvals support that outcome. Hold duration is expected to span final zoning diligence, optional adjacent-parcel coordination, design review, and either resale to a hospitality developer or continued operation of the triplex. Asking basis of 1.4 million dollars reflects the existing legal triplex, Hollywood Beach location, and redevelopment optionality rather than a completed hotel entitlement. Capital deployment covers diligence, design and permit work if pursued, limited maintenance or unit refresh, carry, and marketing to either income-property or boutique-hospitality buyers. Returns are targeted from the spread between entry basis and disposition value after clarifying the redevelopment path, with zoning confirmation and adjacent-lot optionality as threshold conditions.

Specifications
Address
322 Oklahoma St.
City
Hollywood, FL
ZIP
33019
Beds
4
Baths
4
Living sqft
1,700
Lot sqft
Pending
Year built
1,941
Waterfront
No waterfront
Features
  • Legal triplex
  • Hotel zoning potential
  • Hollywood Beach
Project economics

Real cost waterfall from sponsor proforma — 24-month build cycle, ground-up basis. Lines below are project cash expenses through completion and disposition, including property tax during the hold period.

Lot acquisition
$1,875,000
Closing fees
$16,375
Soft cost (design + survey)
$315,000
Permits + impact fees
$80,000
Hard cost basis
$4,170,000

Vertical construction budget at $400/sqft across 9,500 sqft.

Exterior + finish extras
$120,000

Project-specific upgrades such as pool, landscape, driveway, lighting and closet packages where applicable.

Hard cost total
$4,290,000
Property tax during construction (24 mo)
$69,375
Insurance
$30,000
Construction interest (10% × 24 mo)
$604,500
Sale + realtor fees (5% of exit)
$590,290
Total expenses
$7,870,541
Downside exit
$9,602,06022% ROI
Upside exit
$11,805,81250% ROI

Source: sponsor proforma · figures are forward-looking estimates · not a guarantee of return

ASSETRAReal World Assets

Infrastructure for cross-border real world asset tokenization. Built for issuers, funds, and accredited investors.

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