1219 SOUTH FEDERAL HWY, Hollywood
$7,100,000 USD
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Address | 1219 SOUTH FEDERAL HWY, Hollywood |
Type of Property | Hotel / Motel |
Type of Business | Hotel / Motel |
Price | $7,100,000 |
Previous Price | $7,300,000 (70 days ago) |
Property Status | Active |
MLS Number | A11598678 |
Property Size | 26082 |
Lot Size | 26082 |
Year Built | 1949 |
Folio Number | 514222090750 |
Zoning Information | FH-2 |
Days on Market | 470 |
Detailed 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.
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Address Information
State | Florida |
City | Hollywood |
County | Broward County |
Zip Code | 33020 |
Address | 1219 SOUTH FEDERAL HWY |
Section | 22 |
Zip Code (4 Digits) | 6029 |
Financial Information
Price | $7,100,000 |
Price per Foot | $0 |
Previous Price | $7,300,000 |
Folio Number | 514222090750 |
Full Descriptions
Detailed 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. |
Property parameters
Living Area | 26082 |
Lot Size | 26082 |
Total Acreage | 0.000 |
Zoning Information | FH-2 |
Maximum Leasable Size | 26082 |
Year Built | 1949 |
Type of Property | Hotel / Motel |
Type of Business | Hotel / Motel |
Street Direction | South |
Listed with | ONE Commercial LLC |