Property Listing No Longer Available for Sale

21492 - HOLLYWOOD, HOLLYWOOD, FL

Motel for Sale - $1,700,000 - 4,409 Sq. Ft. on 44 acres


Property Info

CIMLS#327567
Location
  21492 - HOLLYWOOD
  HOLLYWOOD FL 33019
UpdatedMay 23rd, 2012
TypeMotel
Price$1,700,000
Building4,409 Sq. Ft.
Land44 acres

Property Description

Great opportunity to buy 10 units motel just a few steps from Hollywood Beach. Cash cow potential! This is a small motel that can be an adorable vacation place for international travelers! Motel built in 1951 when construction meant something...solid concrete block. Property includes 10 units comprised of 5 large efficiencies and 5 large one bedroom apartments. Ocean view from front of motel. Building has a new roof, hurricane impact doors and windows. The buildings are adjacent to each other and have a small tasteful planted courtyard. Low maintenance property. Call for showing.

* The first building has 6 rooms.

* The second building has 4 rooms.

The property is one story, concrete brick composition; low maintenance means easy operation and is in great corner location for tremendous exposure.

The motel is fully rented on a seasonal basis with local and international guests and has 65% - 75% occupancy rate off season.

The upside potential exists by upgrading the overall look and feel and by marketing locally as a "stay-vacation" type property.

Great corner location just a few steps from Hollywood Beach in a quiet residential area. Located on Federal Highway few blocks of Downtown Hollywood and all entertainment. Easy access to beaches. Close to Gulfstream Casino & Gambling. Only 5 minutes of the Mardi Gras Casino and Las Vegas style gambling. (Br # 21492)

FOR MORE INFORMATION PLEASE CALL ROBIN DRULARD AT 646-246-6867.


Financials