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.
- Address 1010 S Federal Hwy
- City Hollywood
- County Broward
- Zip 33020
- Price $8,000,000
- Status Active
- Subdivision
- Pets Allowed No
- MLS® # A11507789
- Property Type Commercial Sale
- Property Sub TypeHotel Motel
- Status Active
- Square Feet
- Year Built 1955
- Waterfront No
- Maintenance Fees No Info Provided
- Taxes $76,752
- Tax Year