1010 Federal HwyHollywood, FL 33020

Property Details for 1010 Federal Hwy

Year built

1951

Construction

CONCRETE

Lot size

0.48 AC

Property size (Sq ft)

12,211 SF

Zone code

FH-2

Property type

Hospitality properties

Property subtype

Motels

APN

51-42-22-10-2100

APU

514222102100

Description

This exceptional 30-key hotel in Hollywood, Florida presents a compelling investment opportunity. Boasting a 7.60% cap rate and 100% occupancy, the property generates a substantial net operating income (NOI) of $600,000. Built in 1955, this two-story, 12,211 square foot Art Deco-style hotel sits on a 21,058 square foot lot zoned FH-2. The property includes a desirable swimming pool and two storage rooms, complemented by a recently installed roof. Its prime location on South Federal Highway ensures high visibility and easy access, placing it within close proximity to the beach (5 minutes), the Arts Park, and a vibrant array of restaurants, shops, bars, and clubs. This established hotel offers significant potential for future growth and adaptation to evolving market demands, making it an attractive asset for discerning investors seeking a strong return in a desirable location. The asking price is $8,000,000.

• CAP approach

  CAP return

  Valuation

  6%

  $4,962,134

  6.5%

  $4,580,432

  7%

  $4,253,258

• Comparable approach

  Method

  Valuation

  Relative Method

  $12,307,076

  Geo Method

  $12,307,076

• Alternative Use

  Use

  Valuation

  Residential

  $5,000,501

  Hospitality

  $4,580,432

  Educational

  $3,810,866

  Medical

  $3,941,927

  Retail

  $5,928,014

Location Insight

City

Hollywood

County

Broward

State

Florida

Latitude

26.003

Longitude

-80.1432

CBSA code

33100

CBSA name

MIAMI-FORT LAUDERDALE-MIAMI BEACH, FL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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