1010 Federal Hwy ,Hotel, Hotel Non-waterfront for Sale

1010 Federal Hwy for Sale

Price $8,000,000.00

• Lot size 21058
• Year Build 1955
• Waterfront
• Zip 33020
• Style
• Parking Description
• Pool Yes
• Status Active

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.

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

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.

City:Hollywood,Zoning:FH-2,List A O R:A-Miami Association of REALTORS,Stories:2,Latitude:26.0028597,List Price:8000000,Listing Id:A11507789,Longitude:-80.1431742,Mls Status:Active,Year Built:1955,Postal Code:33020,Street Name:Federal Hwy,Coordinates:1:26.0028597,Photos Count:23,Lot Size Units:Square Feet,M I A M I R E_ Area:3030,On Market Date:2024-01-04,Parcel Number:514222102100,Property Type:Commercial Sale,Stories Total:2,Street Number:1010,Public Remarks: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.,County Or Parish:Broward County,List Office Name:Beachfront Realty Inc,Standard Status:Active,Living Area Units:Square Feet,Major Change Type:New,Postal Code Plus4:6026,Property Sub Type:Hotel/Motel,State Or Province:FL,Street Dir Prefix:S,Tax Annual Amount:76752,Unparsed Address:1010 S Federal Hwy, Hollywood FL 33020,Listing Agreement:Exclusive Right To Sell,Building Area Total:12211,Building Area Units:Square Feet,Lot Size Square Feet:21058,Number Of Buildings:1,Original List Price:8000000,Public Survey Range:51,I D X Participation Y N:1,Syndication Remarks: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.,Listing Contract Date:2024-01-04,Originating System I D:miamire,Public Survey Section:22,Street Number Numeric:1010,Tax Legal Description: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,Public Survey Township:51,Originating System Name:Miami Association of REALTORS?,Sub Agency Compensation:0.01%,M I A M I R E_ Internet Remarks:Amazing 30 rooms hotel. Showings only with appointment.,M I A M I R E_ Showing Time Flag:1,Contract Status Change Date:2024-01-04,Internet Address Display Y N:1,Number Of Units In Community:1,Internet Consumer Comment Y N:1,Transaction Broker Compensation:2%,Internet Entire Listing Display Y N:1,M I A M I R E_ Compensation Disclaimer:BBC: 2%, The offer of compensation is made only to participants of the MLS where the listing is filed.,Transaction Broker Compensation Type:%,Internet Automated Valuation Display Y N:1,