1419 Federal Hwy Hollywood, FL 33020-6341
This exceptional investment opportunity presents a portfolio of four properties totaling 70 keys in Hollywood, Florida. The 29,982 square foot portfolio, built in 1950 and featuring two-story buildings, boasts a strong net operating income (NOI) of $845,990, resulting in a 7.05% cap rate. Priced at $11,995,000 ($400.07 per square foot and $171,000 per key), this stabilized investment offers seller financing for qualified buyers. The motel's prime location between Fort Lauderdale Airport and Miami ensures consistent occupancy, attracting both short-term tourists and long-term guests. Amenities include kitchenettes in select rooms, televisions, microwaves, and mini-refrigerators in all units. This established business, operating successfully for over 40 years, benefits from a loyal clientele and offers versatile stay options catering to various needs. Its proximity to Hollywood's renowned beaches further enhances its appeal. The portfolio's strong reputation for exceptional hospitality and customer service makes it an ideal acquisition for investors seeking a proven, high-performing asset in a sought-after South Florida vacation destination. The property's history of success and significant growth potential make it a compelling investment opportunity.
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Green Seas Motel Hotel & Motel
FH-2 - Federal Highway Medium-High Intensity Mixed-Use District Uses Main Permitted Uses Accessory Uses Special Exception Uses Prohibited Uses Adult Educational Facilities 1 Amusement Uses (Indoor and Outdoor) Antique, Consignment, Collectible, and Vintage Store Artisan and Maker Manufacturing and Space Assembly of Pre-manufactured Parts for Sale on Premises…
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
FH-2 · Hollywood, FLFH-2 - Federal Highway Medium-High Intensity Mixed-Use District Uses Main Permitted Uses Accessory Uses Special Exception Uses Prohibited Uses Adult Educational Facilities 1 Amusement Uses (Indoor and Outdoor) Antique, Consignment, Collectible, and Vintage Store Artisan and Maker Manufacturing and Space Assembly of Pre-manufactured Parts for Sale on Premises Automotive Rental Bar, Lounge, or Night Club Bed and Breakfast Inn Car Wash 2 Coin Laundry 3 Commercial Uses Dry Cleaner Food Processing Funeral Home Hotel Institutional Live-Work Microbrewery, Microdistillery, and Microwinery Motel Cabinet, Furniture, and Upholstery Shop Light Manufacturing associated with Retail or Showroom Outdoor produce sales (fresh fruit, vegetable, plant and flower retail sales), accessory to a grocery store, specialty market, or similar use 4 Tattoo, Body Art, or Body Piercing Establishments, associated with an Art Gallery 5 Any use customarily associated with one of the Main Permitted Uses. Day Care Facility Schools (K-12) Service Station Adult Entertainment or Adult Related Uses All General and Heavy Manufacturing Uses Bulk Sales, Storage, or Display of Lumber and Building Materials. Contractor Shop and Storage (Indoor or Outdoor) Gun Shop Outdoor Storage Pawn Shop Psychic Help Uses Any use not listed as a Main Permitted Use. Multi-Family Residential, except on the ground floor adjacent to Federal Highway Museum, Art Gallery, and Similar Cultural Uses Office Parking Lots and Garages (Commercial) Personal Service Place of Worship, Meeting Hall, and Fraternal Lodge Restaurant Retail (indoor) Schools (Business, Commercial, or Vocational; Recreational or Cultural; and University) 1 Single Family Residential, except on the ground floor adjacent to Federal Highway Wholesale and Warehousing 1 Adult Educational Facilities and Schools may require additional review for pedestrian and vehicular circulation, pick-up and drop off operations, traffic, etc. Limitations may be imposed in regards to capacity, hours of operation, parking, and circulation. 2 Car Washes shall be fully enclosed and adequately screened; or not visible from public rights-of-way. 3 Coin Laundries shall be fully enclosed and air-conditioned. 4 Outdoor produce sales shall provide a plan illustrating the layout, location, and dimensions of the outdoor sales area; shall not interfere or obstruct pedestrian flow; and shall be exempt from screening requirements. 5 Tattoo, Body Art, or Body Piercing Establishments shall be limited to 25 percent of the total gross floor area of the use;
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.