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    1010 Federal Hwy Hollywood, FL 33020

    For Sale
    $8,000,000

    High-Return Florida Hotel, 30 Keys

    Property size:
    12,211 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    369
    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.

    Property Features for 1010 Federal Hwy

    General Information

    Property type
    Hotels
    Square Feet
    12,211 SF

    Building Details

    Year Built
    1955
    Buildings
    1
    Stories
    2

    HighLights

    • Exceptional 30‑key hotel in Hollywood, FL, offering a 7.60% cap rate and $600,000 NOI with 100% occupancy.
    • 12,211 SF Art Deco hotel on a 21,058 SF lot, zoned FH‑2.
    • Features a pool, two storage rooms, and a recently replaced roof.
    • Prime South Federal Highway location, 5 minutes from the beach, near Arts Park, and numerous amenities.
    • Asking price: $8,000,000.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Beach & Town Motel Motel

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Daycare Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Hollywood
    County
    Broward
    State
    Florida
    Longitude
    -80.1596041
    Latitude
    26.0181766

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    FAQs

    What type of property is this?
    Hotel - High-Return Florida Hotel, 30 Keys
    Where is this hotel located?
    The property is located at 1010 Federal Hwy Hollywood, FL.
    What is the asking price?
    The asking price for this property is $8,000,000.
    What are key features of this property?
    This property features: Exceptional 30-key hotel in Hollywood, FL, offering a 7.60% cap rate and $600,000 NOI with 100% occupancy.; 12,211 SF Art Deco hotel on a 21,058 SF lot, zoned FH-2.; Features a pool, two storage rooms, and a recently replaced roof.
    Request Owner's contact information
    1010 Federal Hwy Hollywood, FL 33020
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    Hollywood, FL 33020
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1010 Federal Hwy Hollywood, FL 33020
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