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Gelfand Realty Miami Properties for Sale - Business Opportunity for Sale

1010 S FEDERAL HWY, HOLLYWOOD, FL 33020

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Business Opportunity - for Sale

1010 S FEDERAL HWY, HOLLYWOOD, FL 33020

Asking Price$8,000,000

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  • Days on market:

    67 day(s)

  • Original Price:

    $8,000,000

  • 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

  • Property Type:

    Business Opportunity

  • Special Listing Conditions:

    Sale

Description

$8,000,000

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.
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