1411 Federal Hwy Hollywood, FL 33020
- Hotels
- 71,903 SF
Current Use by Public Records
- Go2vacations / Travel Agency
- Richard's Hotel / Hotel
Property Details for 1411 Federal Hwy
- Year built
- 1950
- Property size
- 71,903 SF
- Property type
- Hotels
Description
This exceptional mixed-use investment property, located at 1411 S Federal Hwy in Hollywood, Florida, presents a compelling opportunity. Encompassing over three acres (118,923 sq ft) and featuring eleven buildings across two stories, this property boasts 143 keys (143 units with 143 beds) totaling 71,903 square feet. Built in 1950, the property currently operates at an 85% occupancy rate, generating a substantial Net Operating Income (NOI) of $1,638,775, representing a 6.00% cap rate. The asking price is $28,600,000. The property's diverse unit mix includes apartments and motel rooms, catering to a wide range of occupants. Its prime location on US-1 in Hollywood, Broward County (zip code 33020) offers high visibility and accessibility within a thriving market. Seller financing is available. This presents a unique opportunity for owner/user investment or a significant portfolio addition. The property's substantial size and strong financial performance make it an attractive proposition for discerning investors seeking a high-yield asset in a desirable South Florida location.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Hollywood
- County
- Broward
- State
- Florida
- Longitude
- -80.1424257
- Latitude
- 25.999265
