1223 Federal Hwy , for Sale

1223 Federal Hwy for Sale

Price $3,900,000.00

• Lot size 33667
• Year Build 1959
• Waterfront
• Zip 33020
• Style
• Parking Description Assigned
• Pool Yes
• Status Active

Description

Total of 27 units on three parcels. Majority of units equipped with kitchenettes. Renovated in 2022, currently operating as a hotel. Zoning allows for unlimited residential development density with a maximum building height of 14 stories. Hollywood Garden Inn & Suites: 18 rooms, built in 1955, 0.33 acres. Residential Assemblage 1 (1214 N 17 Court): 6 rooms, built in 1946, 0.25 acres. Residential Assemblage 2 (1218 N 17 Court): 3 rooms, built in 1952, 0.19 acres. Hollywood Garden Inn & Suites achieved over $550,000 in revenues in the past year, with some rooms offline due to renovations. Over $1 million in renovations completed in 2022. Strategic location with a high daily traffic count of 32,000 on North Federal Highway.

TEXT AGENT

ST JAMES PARK SOUTH ADD 2-49 B LOT 1 LESS WLY 7 & THAT PT OF LOT 1 WHICH IS INCLUDED IN EXTERNAL AREA FORMED BY 15 RAD ARC TANGENT TO N/L,2

Other Location

Total of 27 units on three parcels. Majority of units equipped with kitchenettes. Renovated in 2022, currently operating as a hotel. Zoning allows for unlimited residential development density with a maximum building height of 14 stories. Hollywood Garden Inn & Suites: 18 rooms, built in 1955, 0.33 acres. Residential Assemblage 1 (1214 N 17 Court): 6 rooms, built in 1946, 0.25 acres. Residential Assemblage 2 (1218 N 17 Court): 3 rooms, built in 1952, 0.19 acres. Hollywood Garden Inn & Suites achieved over $550,000 in revenues in the past year, with some rooms offline due to renovations. Over $1 million in renovations completed in 2022. Strategic location with a high daily traffic count of 32,000 on North Federal Highway.

City:Hollywood,Zoning:FH-2,List A O R:A-Miami Association of REALTORS,Latitude:26.0223748,List Price:3900000,Listing Id:A11486289,Longitude:-80.1428147,Mls Status:Active,Year Built:1959,Directions:GOOGLE MAP,Inclusions:Fixtures,Furniture,Inventory,Postal Code:33020,Street Name:Federal Hwy,Coordinates:1:26.0223748,Photos Count:11,Business Type:1:Hotel/Motel,Listing Terms:1:Conventional/Refinance,Lot Size Units:Square Feet,On Market Date:2023-11-14,Parcel Number:514210050010,Property Type:Commercial Sale,Street Number:1223,Public Remarks:Total of 27 units on three parcels. Majority of units equipped with kitchenettes. Renovated in 2022, currently operating as a hotel. Zoning allows for unlimited residential development density with a maximum building height of 14 stories. Hollywood Garden Inn & Suites: 18 rooms, built in 1955, 0.33 acres. Residential Assemblage 1 (1214 N 17 Court): 6 rooms, built in 1946, 0.25 acres. Residential Assemblage 2 (1218 N 17 Court): 3 rooms, built in 1952, 0.19 acres. Hollywood Garden Inn & Suites achieved over $550,000 in revenues in the past year, with some rooms offline due to renovations. Over $1 million in renovations completed in 2022. Strategic location with a high daily traffic count of 32,000 on North Federal Highway.,County Or Parish:Broward County,List Office Name:Wharton Realty Group, LLC,Private Remarks:TEXT AGENT,Standard Status:Active,Living Area Units:Square Feet,Major Change Type:New,Postal Code Plus4:3629,Property Sub Type:Income/MultiFamily,State Or Province:FL,Street Dir Prefix:N,Tax Annual Amount:28932,Unparsed Address:1223 N Federal Hwy, Hollywood FL 33020,Listing Agreement:Exclusive Right To Sell,Building Area Total:33667,Building Area Units:Square Feet,Lot Size Square Feet:14356,Original List Price:3900000,Public Survey Range:51,I D X Participation Y N:1,Syndication Remarks:Total of 27 units on three parcels. Majority of units equipped with kitchenettes. Renovated in 2022, currently operating as a hotel. Zoning allows for unlimited residential development density with a maximum building height of 14 stories. Hollywood Garden Inn & Suites: 18 rooms, built in 1955, 0.33 acres. Residential Assemblage 1 (1214 N 17 Court): 6 rooms, built in 1946, 0.25 acres. Residential Assemblage 2 (1218 N 17 Court): 3 rooms, built in 1952, 0.19 acres. Hollywood Garden Inn & Suites achieved over $550,000 in revenues in the past year, with some rooms offline due to renovations. Over $1 million in renovations completed in 2022. Strategic location with a high daily traffic count of 32,000 on North Federal Highway.,Listing Contract Date:2023-11-14,Originating System I D:miamire,Public Survey Section:10,Showing Instructions:See Broker Remarks,Street Number Numeric:1223,Tax Legal Description:ST JAMES PARK SOUTH ADD 2-49 B LOT 1 LESS WLY 7 & THAT PT OF LOT 1 WHICH IS INCLUDED IN EXTERNAL AREA FORMED BY 15 RAD ARC TANGENT TO N/L,2,Public Survey Township:51,Originating System Name:Miami Association of REALTORS?,Sub Agency Compensation:0.00001%,Contract Status Change Date:2023-11-14,Internet Address Display Y N:1,Internet Consumer Comment Y N:1,Transaction Broker Compensation:2.00%,Internet Entire Listing Display Y N:1,Transaction Broker Compensation Type:%,Internet Automated Valuation Display Y N:1,