1219 Federal Hwy ,Hotel for Sale

1219 Federal Hwy for Sale

Price $7,100,000.00

• Lot size 26082
• Year Build 1949
• Waterfront
• Zip 33020
• Style
• Parking Description
• Pool Yes
• Status Active

Description

As the exclusive representative of the seller, One Commercial Real Estate is pleased to present for sale to qualified investors Richard's Motel located in Hollywood, FL. This portfolio, composed of 2 properties, offers a healthy mix of motel rooms and apartment units and is available for $7,300,000, or $208,000 per key. Richard's Motel is perfectly situated between Fort Lauderdale Airport and the bustling, world-famous city of Miami. With kitchenettes available in select rooms, the properties' guest rooms all feature a television, microwave, and mini refrigerator. This well-run motel business boasts years of history and a steady stream of regular bookings. It's an excellent investment opportunity in a prime location.

HOLLYWOOD SOUTH SIDE ADD 3-16 B LOT 1 LESS W 7 & LESS PT INC IN EXT AREA FORMED BY 15 FT RAD ARC WHICH IS TANG TO S/L OF LOT 1 & TANG TO LIN

As the exclusive representative of the seller, One Commercial Real Estate is pleased to present for sale to qualified investors Richard's Motel located in Hollywood, FL. This portfolio, composed of 2 properties, offers a healthy mix of motel rooms and apartment units and is available for $7,300,000, or $208,000 per key. Richard's Motel is perfectly situated between Fort Lauderdale Airport and the bustling, world-famous city of Miami. With kitchenettes available in select rooms, the properties' guest rooms all feature a television, microwave, and mini refrigerator. This well-run motel business boasts years of history and a steady stream of regular bookings. It's an excellent investment opportunity in a prime location.

City:Hollywood,Zoning:FH-2,List A O R:A-Miami Association of REALTORS,Latitude:26.0007858,List Price:7100000,Listing Id:A11598678,Longitude:-80.1423552,Mls Status:Active,Year Built:1949,Postal Code:33020,Street Name:Federal Hwy,Coordinates:1:26.0007858,Photos Count:54,Days On Market:160,Lot Size Units:Square Feet,M I A M I R E_ Area:3020,On Market Date:2024-05-31,Parcel Number:514222090750,Property Type:Commercial Sale,Street Number:1219,Public Remarks:As the exclusive representative of the seller, One Commercial Real Estate is pleased to present for sale to qualified investors Richard's Motel located in Hollywood, FL. This portfolio, composed of 2 properties, offers a healthy mix of motel rooms and apartment units and is available for $7,300,000, or $208,000 per key. Richard's Motel is perfectly situated between Fort Lauderdale Airport and the bustling, world-famous city of Miami. With kitchenettes available in select rooms, the properties' guest rooms all feature a television, microwave, and mini refrigerator. This well-run motel business boasts years of history and a steady stream of regular bookings. It's an excellent investment opportunity in a prime location.,County Or Parish:Broward County,List Office Name:ONE Commercial LLC,Standard Status:Active,Living Area Units:Square Feet,Major Change Type:Price Decrease,Postal Code Plus4:6029,Property Sub Type:Hotel/Motel,State Or Province:FL,Street Dir Prefix:S,Unparsed Address:1219 S Federal Hwy, Hollywood FL 33020,Listing Agreement:Exclusive Right To Sell,Building Area Total:26082,Building Area Units:Square Feet,Lot Size Square Feet:26082,Original List Price:7300000,Previous List Price:7300000,Public Survey Range:51,I D X Participation Y N:1,Syndication Remarks:As the exclusive representative of the seller, One Commercial Real Estate is pleased to present for sale to qualified investors Richard's Motel located in Hollywood, FL. This portfolio, composed of 2 properties, offers a healthy mix of motel rooms and apartment units and is available for $7,300,000, or $208,000 per key. Richard's Motel is perfectly situated between Fort Lauderdale Airport and the bustling, world-famous city of Miami. With kitchenettes available in select rooms, the properties' guest rooms all feature a television, microwave, and mini refrigerator. This well-run motel business boasts years of history and a steady stream of regular bookings. It's an excellent investment opportunity in a prime location.,Listing Contract Date:2024-05-31,Originating System I D:miamire,Public Survey Section:22,Street Number Numeric:1219,Tax Legal Description:HOLLYWOOD SOUTH SIDE ADD 3-16 B LOT 1 LESS W 7 & LESS PT INC IN EXT AREA FORMED BY 15 FT RAD ARC WHICH IS TANG TO S/L OF LOT 1 & TANG TO LIN,Public Survey Township:51,Originating System Name:Miami Association of REALTORS?,M I A M I R E_ Internet Remarks:Richard's Motel is perfectly situated between Fort Lauderdale Airport and the bustling, world-famous city of Miami.,Contract Status Change Date:2024-05-31,Internet Address Display Y N:1,Internet Consumer Comment Y N:1,M I A M I R E_ Ok To Advertise List:No,Internet Entire Listing Display Y N:1,Internet Automated Valuation Display Y N:1,