Welcome to an exceptional opportunity in the heart of Hollywood, FL, the center of Broward County tourism. This property has 70 motel units that have proudly served patrons for over four decades. Some units have been remodeled and some retain their old-school Florida nostalgia. Enjoy the convenience of staying within close distance of iconic landmarks like Hollywood Beach, Downtown Hollywood, Hallandale Gulfstream Casino’s vibrant street life, making it easy to explore and immerse yourself in the neighborhood’s rich culture.
This turn-key asset is fully equipped and furnished and ready for immediate operation. Alternatively, an investor may opt to optimize the density and build vertically due to the FH-2 zoning. Sale includes 4 buildings, as they operate as one or could be operated independently. Great 7.4% CAP return per year. Sale includes the business and the real estate. Please do not disturb staff or guests with questions. Contact agent for all questions and appointments.