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$8,000,000

Est. payment - /mo

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12,211 SqFt

Active

1010 S Federal Hwy Hollywood, FL 33020

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Isaac De Castro

idecastro@bhsusa.com +1(646) 626-7901

UPDATED:

09/30/2024 09:43 PM

Key Details

Property Type Commercial

Sub Type Hotel/Motel

Listing Status Active

Purchase Type For Sale

Square Footage 12,211 sqft

Price per Sqft $655

MLS Listing ID A11507789

HOA Y/N No

Year Built 1955

Annual Tax Amount $76,752

Lot Size 0.483 Acres

Property Description

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.

Location

State FL

County Broward

Area 3030

Exterior

Waterfront No

Building

Story 2

Level or Stories Two

Others

Tax ID 514222102100

Listed by Beachfront Realty Inc

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Isaac De Castro

Real Estate Advisor | 3561456; 1750974; 10401278264

+1(646) 626-7901

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Isaac De Castro

1010 S Federal Hwy Hollywood, FL 33020

Isaac De Castro

Key Details

Location

Exterior

Building

Others

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1010 S Federal Hwy