1010 S Federal Hwy, Hollywood FL 33020,Hollywood,Broward County,Commercial Sale

$8,000,000

Overview

Hotel/Motel
Property Type

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.

Address

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Address: Federal Hwy
City: Hollywood
State/county: Broward County
Zip/Postal Code: 33020

Details

Updated on January 5, 2024 at 12:43 pm

Price $8,000,000
Year Built 1955
Property Type Hotel/Motel
Property Status Commercial Sale

Additional details

StreetDirPrefix S
PublicSurveyRange 51
ListAgentKey f18ce72cf94d9a2b04a8e6a06d35818c
TaxLegalDescription 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
OnMarketDate 2024-01-04
ListAgentEmail marilinamiami@gmail.com
ContractStatusChangeDate 2024-01-04
MajorChangeTimestamp 2024-01-04T18:14:30.663Z
PhotosCount 23
SubAgencyCompensation 0.01%
StatusChangeTimestamp 2024-01-04T18:14:30.663Z
PriceChangeTimestamp 2024-01-03T17:49:46.293Z
ListingKeyNumeric 390117094
MajorChangeType New
ListingContractDate 2024-01-04
ListAOR A-Miami Association of REALTORS
TaxAnnualAmount 76752
ListOfficeName Beachfront Realty Inc
CurrentUse Hotel Non-Waterfront
OriginatingSystemKey miamire
BusinessType Hotel/Motel
DualVariableCompensationYN no
PhotosChangeTimestamp 2024-01-04T18:15:34.846Z
OriginatingSystemName Miami Association of REALTORS®
ListOfficePhone 305-405-0615
MlsStatus Active
StreetNumber 1010
ListingKey 3123fb21f5135d5ef078261d9da49eeb
StateOrProvince FL
ListOfficeKey 240a0e4f4f15d333cb30e9a1c344006c
BridgeModificationTimestamp 2024-01-04T22:04:44.572Z
ListAgentFullName Marilina Apfelbaum
ListAgentOfficePhone 305-405-0615
Stories 2
ParcelNumber 514222102100
OtherExpense 0
IDXParticipationYN yes
InternetAddressDisplayYN yes
ListAgentMlsId 0662372
StoriesTotal 2
ModificationTimestamp 2024-01-04T22:00:38.767Z
OriginatingSystemID miamire
DaysOnMarket 0
BuyerAgencyCompensationType %
ListOfficeMlsId ROBR01
ListAgentDirectPhone 786-287-3633
StreetNumberNumeric 1010
PostalCodePlus4 6026
NumberOfUnitsInCommunity 1
SyndicationRemarks 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.
StructureType Hotel
ListAgentStateLicense 0662372
PublicSurveyTownship 51
ListOfficeFax 305-933-1240
ListingAgreement Exclusive Right To Sell
PublicSurveySection 22
ListingId A11507789
SpecialListingConditions Sale
NumberOfBuildings 1
OriginalListPrice 8000000
BuildingAreaUnits Square Feet
InternetEntireListingDisplayYN yes
BuyerAgencyCompensation 2%
InternetAutomatedValuationDisplayYN yes
OriginalEntryTimestamp 2024-01-04T18:14:30.663Z
SourceSystemKey 390117094
LotSizeSquareFeet 21058
InternetConsumerCommentYN yes
BuildingAreaTotal 12211