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.,
, HOLLYWOOD SOUTH SIDE ADD NO 2 3-17 B LOT 16 LESS E 7 & LESS PT INC IN EXT AREA FORMED BY 15 FT RAD ARC WHICH IS TANG TO N/L & TANG TO LINE 7
Features
- Building Area Total
12211
- Building Area Units
Square Feet
- City
Hollywood
- Contract Status Change Date
2024-01-04 00:00:00
- County Or Parish
Broward County
- Latitude
26
- List A O R
A-Miami Association of REALTORS
- List Price
8000000
- Living Area Units
Square Feet
- Longitude
-80
- Lot Size Square Feet
21058
- Lot Size Units
Square Feet
- Major Change Type
New
- Mls Status
Active
- On Market Date
2024-01-04 00:00:00
- Original List Price
8000000
- Originating System Name
miamire
- Parcel Number
514222102100
- Postal Code
33020
- Postal Code Plus4
6026
- Property Sub Type
Hotel/Motel
- Property Type
Commercial Sale
- Public Survey Range
51
- Public Survey Section
22
- Public Survey Township
51
- Standard Status
Active
- State Or Province
FL
- Stories
2
- Stories Total
2
- Tax Legal Description
HOLLYWOOD SOUTH SIDE ADD NO 2 3-17 B LOT 16 LESS E 7 & LESS PT INC IN EXT AREA FORMED BY 15 FT RAD ARC WHICH IS TANG TO N/L & TANG TO LINE 7
- Unparsed Address
1010 S Federal Hwy
Hollywood FL 33020
- Virtual Tour URL Unbranded
https://www.propertypanorama.com/instaview/mia/A11507789
- Year Built
1955
- Zoning
FH-2
