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.
MLS# | A11507789 |
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Listing Type | For Sale |
Style | Hospitality |
Sub-Type | Resale |
Status | Active |
Year | 1955 |
Days On Site | 408 |
Listing Provided By | Beachfront Realty Inc | Marilina Apfelbaum |
SQ Feet | 12,211 |
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Story(s) | 2 |
Building(s) | 1 |
Zoning | FH-2 |
Acreage | 21058.00 |
State | FL |
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County | Broward |
City | Hollywood |
Zip Code | 33020 |
Area | 3030 |
Listing VS Median (in 33020) | |
Price: $8,000,000 low | high Med: $127,000 SqFt: 12,211 low | high Med: 620 $ / SqFt: $655 low | high Med: $205 On Site: 408 low | high Med: 58.000000 |