1411 Federal Hwy ,Mixed Use for Sale

1411 Federal Hwy for Sale

Price $28,600,000.00

• Lot size 152460
• Year Build 1950
• Waterfront
• Zip 33020
• Style
• Parking Description
• Pool Yes
• Status Active

Description

One Commercial Real Estate proudly presents Richard?s Portfolio, a distinguished collection of multifamily apartments and motels situated in the vibrant heart of Hollywood, Florida. This exclusive offering provides a versatile array of accommodation options, catering to a wide range of tenants and guests. Price: $31,000,000. Diverse Unit Options: The portfolio includes 140 units with various floor plans. Some units feature full kitchens, others have kitchenettes, and the remaining are standard motel rooms, ensuring flexibility to meet diverse tenant and guest needs. Prime Location: Located in Hollywood, FL, directly on US-1 Richard?s Portfolio benefits from high visibility and accessibility, making it an ideal investment in a bustling and rapidly growing market.

The portfolio offers a solid 6% CAP rate, providing investors with an attractive return on investment. Growth Potential

HOLLYWOOD SOUTH SIDE ADD 3-16 B LOT 28,29,30 LESS 7 RD & LESS THAT PT WHICH IS INCLUDED IN EXT ARC FORMED BY 15 RAD ARC LOCATED IN NW COR OF

One Commercial Real Estate proudly presents Richard?s Portfolio, a distinguished collection of multifamily apartments and motels situated in the vibrant heart of Hollywood, Florida. This exclusive offering provides a versatile array of accommodation options, catering to a wide range of tenants and guests. Price: $31,000,000. Diverse Unit Options: The portfolio includes 140 units with various floor plans. Some units feature full kitchens, others have kitchenettes, and the remaining are standard motel rooms, ensuring flexibility to meet diverse tenant and guest needs. Prime Location: Located in Hollywood, FL, directly on US-1 Richard?s Portfolio benefits from high visibility and accessibility, making it an ideal investment in a bustling and rapidly growing market.

City:Hollywood,Zoning:FH-2,List A O R:A-Miami Association of REALTORS,Latitude:25.999265,List Price:28600000,Listing Id:A11598731,Longitude:-80.1424257,Mls Status:Active,Year Built:1950,Postal Code:33020,Street Name:Federal Hwy,Coordinates:1:25.999265,Photos Count:100,Business Type:1:Hotel/Motel,Days On Market:158,Lot Size Units:Square Feet,M I A M I R E_ Area:3020,On Market Date:2024-05-31,Parcel Number:514222090520,Property Type:Commercial Sale,Street Number:1411,Public Remarks:One Commercial Real Estate proudly presents Richard?s Portfolio, a distinguished collection of multifamily apartments and motels situated in the vibrant heart of Hollywood, Florida. This exclusive offering provides a versatile array of accommodation options, catering to a wide range of tenants and guests. Price: $31,000,000. Diverse Unit Options: The portfolio includes 140 units with various floor plans. Some units feature full kitchens, others have kitchenettes, and the remaining are standard motel rooms, ensuring flexibility to meet diverse tenant and guest needs. Prime Location: Located in Hollywood, FL, directly on US-1 Richard?s Portfolio benefits from high visibility and accessibility, making it an ideal investment in a bustling and rapidly growing market.,County Or Parish:Broward County,List Office Name:ONE Commercial LLC,Private Remarks:The portfolio offers a solid 6% CAP rate, providing investors with an attractive return on investment. Growth Potential,Standard Status:Active,Living Area Units:Square Feet,Major Change Type:Price Decrease,Postal Code Plus4:6341,Property Sub Type:Mixed Use,State Or Province:FL,Street Dir Prefix:S,Tax Annual Amount:55900,Unparsed Address:1411 S Federal Hwy, Hollywood FL 33020,Listing Agreement:Exclusive Right To Sell,Building Area Total:80592,Building Area Units:Square Feet,Lot Size Square Feet:152460,Original List Price:31000000,Previous List Price:29000000,Public Survey Range:51,I D X Participation Y N:1,Syndication Remarks:One Commercial Real Estate proudly presents Richard?s Portfolio, a distinguished collection of multifamily apartments and motels situated in the vibrant heart of Hollywood, Florida. This exclusive offering provides a versatile array of accommodation options, catering to a wide range of tenants and guests. Price: $31,000,000. Diverse Unit Options: The portfolio includes 140 units with various floor plans. Some units feature full kitchens, others have kitchenettes, and the remaining are standard motel rooms, ensuring flexibility to meet diverse tenant and guest needs. Prime Location: Located in Hollywood, FL, directly on US-1 Richard?s Portfolio benefits from high visibility and accessibility, making it an ideal investment in a bustling and rapidly growing market.,Listing Contract Date:2024-05-31,Originating System I D:miamire,Public Survey Section:22,Street Number Numeric:1411,Tax Legal Description:HOLLYWOOD SOUTH SIDE ADD 3-16 B LOT 28,29,30 LESS 7 RD & LESS THAT PT WHICH IS INCLUDED IN EXT ARC FORMED BY 15 RAD ARC LOCATED IN NW COR OF,Public Survey Township:51,Originating System Name:Miami Association of REALTORS?,M I A M I R E_ Internet Remarks:Excellent street visibility and access, enhancing the property's appeal to potential tenants and guests.,Contract Status Change Date:2024-05-31,Internet Address Display Y N:1,Internet Consumer Comment Y N:1,M I A M I R E_ Ok To Advertise List:No,Internet Entire Listing Display Y N:1,Internet Automated Valuation Display Y N:1,