TURNKEY HOTEL IN PRIME HOLLYWOOD BEACH LOCATION ON THE BEACH AND BROADWALK. LOT SIZE IS MORE THAN 10,000 sq.ft. TOTAL BUILDING SIZE IS 5,100 sq.ft. 18 ROOMS (1 MANAGING OFFICE) FULLY OPERATING HOTEL / MOTEL AND 11 PARKING SPACES IS FOR SALE. GREAT INCOME PRO

314 CLEVELAND ST, Hollywood

$4,900,000 USD
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Address314 CLEVELAND ST, Hollywood
Type of PropertyHotel / Motel
Type of BusinessHotel / Motel
Property StyleHotel Non-Waterfront
Price$4,900,000
Previous Price$5,500,000 (0 days ago)
Property StatusActive
MLS NumberA10896080
Property Size10361
Lot Size10361
Year Built1956
Parking Space Number11
Folio Number514212011200
Days on Market290

Detailed Description: TURNKEY HOTEL IN PRIME HOLLYWOOD BEACH LOCATION ON THE BEACH AND BROADWALK. LOT SIZE IS MORE THAN 10,000 sq.ft. TOTAL BUILDING SIZE IS 5,100 sq.ft. 18 ROOMS (1 MANAGING OFFICE) FULLY OPERATING HOTEL / MOTEL AND 11 PARKING SPACES IS FOR SALE. GREAT INCOME PROPERTY ALWAYS ALMOST FULLY BOOKED WITH ATTRACTIVE CAP RATE! GREAT OCCUPANCY RATES IN HIGH SEASON. WELL KEPT AND FAMILY OWNED AND OPERATED. RESTAURANTS, SHOPS, AND ENTERTAINMENT AROUND THE CORNER. PROPERTY IS GREAT FOR REDEVELOPMENT!

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Address Information
StateFlorida
CityHollywood
CountyBroward County
Zip Code33019
Address314 CLEVELAND ST
Section12
Zip Code (4 Digits)3435
Financial Information
Price$4,900,000
Price per Foot$0
Previous Price$5,500,000
Folio Number514212011200
Tax Amount$35,697
Tax Year2018
Full Descriptions
Detailed DescriptionTURNKEY HOTEL IN PRIME HOLLYWOOD BEACH LOCATION ON THE BEACH AND BROADWALK. LOT SIZE IS MORE THAN 10,000 sq.ft. TOTAL BUILDING SIZE IS 5,100 sq.ft. 18 ROOMS (1 MANAGING OFFICE) FULLY OPERATING HOTEL / MOTEL AND 11 PARKING SPACES IS FOR SALE. GREAT INCOME PROPERTY ALWAYS ALMOST FULLY BOOKED WITH ATTRACTIVE CAP RATE! GREAT OCCUPANCY RATES IN HIGH SEASON. WELL KEPT AND FAMILY OWNED AND OPERATED. RESTAURANTS, SHOPS, AND ENTERTAINMENT AROUND THE CORNER. PROPERTY IS GREAT FOR REDEVELOPMENT!
Floor DescriptionCeramic Floor
Water DescriptionPublic
Sewer DescriptionPublic Sanitation
Parking DescriptionGuest, On Street
Property parameters
Living Area10361
Lot Size10361
Total Acreage0.000
Maximum Leasable Size10361
Year Built1956
Type of PropertyHotel / Motel
Type of BusinessHotel / Motel
StyleHotel Non-Waterfront
Construction TypeConcrete Block Construction,Concrete Block With Brick,CBS Construction
Parking Space Number11
Listed withCharles Rutenberg Realty Fort