1201 S Federal Hwy - Hospitality FOR SALE


Hollywood, FL 33020
$7,100,000 USD
305-915-8250
1201 S Federal Hwy, Hollywood, FL for Sale
$7,100,000 USD
Hospitality - FOR SALE
1/79
null | 6.58% Cap Rate

1201 S Federal Hwy
Hollywood, FL 33020


HIGHLIGHTS

  • Minutes from I-95, Fort Lauderdale International Airport, and Hollywood Beach
  • Turn-key hospitality property in Hollywood, Florida
  • Well run hospitality business

OVERVIEW

Welcome to an exceptional opportunity in the heart of Hollywood, FL, the center of Broward County tourism. This property has 28 motel units that have proudly served patrons for over three decades. All units have been remodel. Enjoy the convenience of staying within close distance of iconic landmarks like Hollywood Beach, Downtown Hollywood, Hallandale Gulfstream Casino’s vibrant street life, making it easy to explore and immerse yourself in the neighborhood's rich culture. This turn-key asset is fully equipped and furnished and ready for immediate operation. Alternatively, an investor may opt to optimize the density and build vertically due to the FH-2 zoning. Sale includes multiple buildings, as they operate as one or could be operated independently. Great 6.6% CAP return per year. Shell Motel: Featuring 15 recently renovated motel rooms. Roof: Completed in 2023. 1740 Rodman: Comprising of 4 units. 2 units are 2/2 and 2 apartments are 1/1. Roof: Approximately 10 years old. 1748 Rodman Street: 3 units are 1/1, 2 hotel rooms, 1 efficiency and house 3/2. Roof: Approximately 10 years old. 1736-1738 Rodman Street: A duplex with a large one-bedroom, one-bathroom units. Roof: 4 years old.

FOR SALE DETAILS

PRICE

$7,100,000 USD

PRICE/SF

$584 USD /SF

# OF ROOMS

28

PRICE/ROOM

$253,571 {currency}

CAP RATE

6.58%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

28 Mix Units Portfolio for Sale

PROPERTY TYPE

Hospitality

ADD'L SUBTYPES

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TOTAL BUILDING SIZE

-

STORIES

1

ROOM ENTRANCE

Exterior

BUILDING CLASS

C

YEAR BUILT

1943

PARKING SPACES

25

LAND DETAILS

LAND ACRES

0.72 AC

LAND SF

31,501 SF

ZONING

FH-2

APN/PARCEL ID

51-42-22-09-0950

ASK ABOUT THIS PROPERTY

Gulya SanchezONE Commercial Real EstateMore Info
305-915-8250

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Gulya SanchezONE Commercial Real EstateMore Info
305-915-8250

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.