Welcome to an outstanding investment opportunity located in Hollywood. This property features a 30-room hotel, currently in operation and delivering an impressive return of 7.6%. Its distinctive Art Deco style adds a touch of timeless elegance to the vibrant surroundings.
In addition to the 30 rooms, it has an impressive swimming pool, two storage rooms and new roof.
Strategically located on S Federal Highway, this property benefits from high visibility and accessibility, making it an attractive destination for both business and leisure travelers. Close to Arts park, restaurants, shops, bars, clubs and 5 minutes away from the beach.
Positioned for future growth, this property offers various possibilities for expansion or adaptation to evolving market trends.
In addition to the 30 rooms, it has an impressive swimming pool, two storage rooms and new roof.
Strategically located on S Federal Highway, this property benefits from high visibility and accessibility, making it an attractive destination for both business and leisure travelers. Close to Arts park, restaurants, shops, bars, clubs and 5 minutes away from the beach.
Positioned for future growth, this property offers various possibilities for expansion or adaptation to evolving market trends.
Property Details
Price:
$8,000,000
MLS #:
A11507789
Status:
Active
Beds:
0
Baths:
0
Address:
1010 S Federal Hwy
Type:
Commercial
Subtype:
Hotel/Motel
City:
Hollywood
Listed Date:
Jan 4, 2024
State:
FL
Finished Sq Ft:
12,211
ZIP:
33020
Year Built:
1955
See this Listing
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Schools
Interior
Exterior
Financial
Buyer Agent Compensation
2%%
Taxes
$76,752
Map
Community
- Address1010 S Federal Hwy Hollywood FL
- CityHollywood
- CountyBroward County
- Zip Code33020
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