1419 Federal HwyHollywood, FL 33020

  • Motels
  • 4,764 SF
For Sale
$11,995,000 View listing

Property Details for 1419 Federal Hwy

Year built
1950
Construction
CONCRETE
Lot size
0.35 AC
Property size (Sq ft)
4,764 SF
Zone code
FH-2
Property type
Motels
APN
51-42-22-09-0350
APU
514222090350

Description

This exceptional investment opportunity presents a portfolio of four properties totaling 70 keys in Hollywood, Florida. The 29,982 square foot portfolio, built in 1950 and featuring two-story buildings, boasts a strong net operating income (NOI) of $845,990, resulting in a 7.05% cap rate. Priced at $11,995,000 ($400.07 per square foot and $171,000 per key), this stabilized investment offers seller financing for qualified buyers. The motel's prime location between Fort Lauderdale Airport and Miami ensures consistent occupancy, attracting both short-term tourists and long-term guests. Amenities include kitchenettes in select rooms, televisions, microwaves, and mini-refrigerators in all units. This established business, operating successfully for over 40 years, benefits from a loyal clientele and offers versatile stay options catering to various needs. Its proximity to Hollywood's renowned beaches further enhances its appeal. The portfolio's strong reputation for exceptional hospitality and customer service makes it an ideal acquisition for investors seeking a proven, high-performing asset in a sought-after South Florida vacation destination. The property's history of success and significant growth potential make it a compelling investment opportunity.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $1,394,960
    6.5%
    $1,287,650
    7%
    $1,195,680
  • Comparable approach

    Method
    Valuation
    Relative Method
    $1,736,710
    Geo Method
    $1,736,710
  • Alternative Use

    Use
    Valuation
    Industrial / Distribution
    $3,855,160
    Retail / Commercial
    $1,909,430
    Mixed-Use / Specialty
    $1,849,450
    Office
    $1,783,080
    Institutional / Educational
    $1,903,680
    Residential Income
    $2,227,300
    Multifamily
    $2,966,090
    Automotive / Energy
    $1,631,720
    Parking / Income-Based Land
    $615,623
    Restaurant / Food Service
    $848,429
    Healthcare / Senior Housing
    $1,951,100

Location Insight

City
Hollywood
County
Broward
State
Florida
Latitude
25.9989
Longitude
-80.1424
CBSA code
33100
CBSA name
MIAMI-FORT LAUDERDALE-MIAMI BEACH, FL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$31,287
$276,610
$1,126,280
$1,402,890
-
$276,610
$1,126,280
$1,402,890

FAQs

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