1770 Plunkett St - Hospitality FOR SALE


Hollywood, FL 33020- Parkside
$7,100,000 USD
305-915-8250
1770 Plunkett St, Hollywood, FL for Sale
$7,100,000 USD
Hospitality - FOR SALE
1/17
null | Request Cap Rate

1770 Plunkett St
Hollywood, FL 33020
Parkside


HIGHLIGHTS

  • Portfolio of 18 units and 3 houses
  • Minutes from I-95, Fort Lauderdale International Airport, and Hollywood Beach
  • Turn-key hospitality property in Hollywood, Florida

OVERVIEW

Welcome to an exceptional opportunity in the heart of Hollywood, FL, the center of Broward County tourism. This property has 18 motel studio's with full kitchens 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. Sale includes 1 building, duplex and 2 single family houses, as they operate as one or could be operated independently. Great 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

$7,100,000 USD

PRICE/SF

$509 USD /SF

# OF ROOMS

18

PRICE/ROOM

$394,444 {currency}

CAP RATE

Request Cap Rate

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

17 1/1/ Condo's portfolio with 3 houses

PROPERTY TYPE

Hospitality

ADD'L SUBTYPES

Hotel, undefined

TOTAL BUILDING SIZE

-

STORIES

2

ROOM ENTRANCE

Exterior

BUILDING CLASS

C

YEAR BUILT

1982

PARKING SPACES

21

LAND DETAILS

LAND ACRES

0.3 AC

LAND SF

13,002 SF

ZONING

FH-2

APN/PARCEL ID

51-42-22-DJ-0130

ASK ABOUT THIS PROPERTY

Gulya SanchezONE Commercial Real EstateMore Info
305-915-8250

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

Gulya SanchezONE Commercial Real EstateMore Info
305-915-8250

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