1201 Federal Hwy Hollywood, FL 33020
Prime Florida Hotel, High ROI Potential
Overview
- Added:
- Dec 11, 2024
- Days on market:
- 138
Highlights
- 28-key hotel in Hollywood, FL, recently renovated in 2023.
- 9,837 square foot property on four single-story buildings, built in 1952.
- $7,100,000 asking price ($721.76/SF, $253,571.43/key).
- Stabilized NOI of $458,000 and pro-forma NOI of $556,000 (6.20% cap rate and 7.60% pro-forma cap rate, respectively).
- Includes 15 renovated rooms and additional multifamily units.
- Prime South Florida location between Fort Lauderdale and Miami Airports.
Property Details for 1201 Federal Hwy
- Property type
- Hospitality properties, Hotels
- Square Feet
- 9,837 SF
- Year Built/Renovated
- 1952/2023
- Buildings
- 4
- Stories
- 1
Location Insight
- City
- Hollywood
- County
- Broward
- State
- Florida
- Latitude
- 26.0011232
- Longitude
- -80.1424876
Nearby Similar for Sale
FAQs
- What type of property is this?
- Hospitality property - Prime Florida Hotel, High ROI Potential
- Where is the hospitality property located?
- The property is located at 1201 Federal Hwy Hollywood, FL.
- What is the asking price?
- The asking price for this property is $7,100,000.
- What are key features of this property?
- This property features: 28-key hotel in Hollywood, FL, recently renovated in 2023.; 9,837 square foot property on four single-story buildings, built in 1952.; $7,100,000 asking price ($721.76/SF, $253,571.43/key).
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