$8,000,000
●
Commercial -
For Sale
1010 S Federal Hwy
Hollywood, FL 33020
Studio
0 Bath
$45,678
Estimated Monthly
$0
HOA / Fees
-0.76%
Cap Rate
About This Property
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.
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.
Unit Size
-
Days on Market
125 days
Land Size
0.48 acres
Price per sqft
-
Property Type
Commercial
Property Taxes
$6,396
HOA Dues
-
Year Built
1951
Listed By
Last updated: 4 months ago (Miami MLS #A11507789)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Jan 4, 2024 | Listed by Beachfront Realty Inc | $8,000,000 | |
| Listed by Beachfront Realty Inc | |||
Property Highlights
Exterior Details
Property Information
Year Built: 1955
Building Information
Building Area Total: 12211
Building Area Units: Square Feet
Building Area Total: 12211
Lot Information
Lot Size Units: Square Feet
Lot Size Square Feet: 21058
Financial Details
Tax Legal Description: HOLLYWOOD SOUTH SIDE ADD NO 2 3-17 B LOT 16 LESS E 7 & LESS PT INC IN EXT AREA FORMED BY 15 FT RAD ARC WHICH IS TANG TO N/L & TANG TO LINE 7
Tax Annual Amount: $76,752
Parcel Number: 514222102100
Property is Zoned: FH-2
Location Details
No Home Owners Association
1010 S Federal Hwy
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Comparables
Unit
Status
Status
Type
Beds
Baths
ft²
Price/ft²
Price/ft²
Asking Price
Listed On
Listed On
Closing Price
Sold On
Sold On
HOA + Taxes
Sold
House
6
Beds
7
Baths
6,524 ft²
$1,107/ft²
$7,225,000
Feb 28, 2022
$7,225,000
Oct 17, 2023
$2,005/mo
Past Sales
| Date | Unit | Beds | Baths | Sqft | Price | Closed | Owner | Listed By |
|---|---|---|---|---|---|---|---|---|
|
12/16/2019
|
|
Loft
|
-
|
-
|
$5,000,000
Loft
-
|
-
-
|
-
|
Peter Dacko
Media Realty
|
Building Info
1010 South Federal Highway
1010 South Federal Highway, Hollywood, FL 33020
- 1 Unit for Sale
About Parkside
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Listed by: Marilina Apfelbaum
Beachfront Realty Inc
Last Updated: 4 months ago
Data Source: Miami MLS, MLS# A11507789
IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed. The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed.
Beachfront Realty Inc
Last Updated: 4 months ago
Data Source: Miami MLS, MLS# A11507789
Courtesy of RH Advisors, Inc. and RHP Realty NJ, Inc.
