1743 Wiley St - Hospitality FOR SALE


Hollywood, FL 33020
$2,200,000 USD
305-915-8250
1743 Wiley St, Hollywood, FL for Sale
$2,200,000 USD
Hospitality - FOR SALE
1/18
null | 6.36% Cap Rate

1743 Wiley St
Hollywood, FL 33020


HIGHLIGHTS

  • Minutes from I-95, Fort Lauderdale International Airport, and Hollywood Beach
  • Turn-key hospitality property in the Hollywood, Florida
  • Wee run hospitality business for the last 4 decades

OVERVIEW

Welcome to an exceptional opportunity in the heart of Hollywood, FL, the center of Broward County tourism. This property has 11 motel units that have proudly served patrons for over four decades. Some units have been remodeled and some retain their old-school Florida nostalgia. 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. Great 6.4% CAP return per year. Sale includes the business and the real estate. Please do not disturb staff or guests with questions. Contact agent for all questions and appointments.

FOR SALE DETAILS

PRICE

$2,200,000 USD

PRICE/SF

$547 USD /SF

# OF ROOMS

11

PRICE/ROOM

$200,000 {currency}

CAP RATE

6.36%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Richard's Pet Friendly Motel

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

1

ROOM ENTRANCE

Exterior

BUILDING CLASS

C

YEAR BUILT

1952

PARKING SPACES

6

LAND DETAILS

LAND ACRES

0.25 AC

LAND SF

10,796 SF

ZONING

FH-2

APN/PARCEL ID

51-42-22-09-0550

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.