312 Minnesota St - Hospitality FOR SALE


Hollywood, FL 33019- Hollywood Beach-Quadoman
$4,000,000 USD
954-218-4138
312 Minnesota St, Hollywood, FL for Sale
$4,000,000 USD
Hospitality - FOR SALE
1/12
null | Request Cap Rate

312 Minnesota St
Hollywood, FL 33019
Hollywood Beach-Quadoman


OVERVIEW

This multifamily/motel building is located directly on Surf Rd, steps from the Hollywood Beach Broadwalk. It is only one block north of the Margaritaville Hotel and Resort, which is one of the highest occupied hotels in the country. There are 16 total units, each one is an efficiency. All of the units have full kitchens. Five of the units have been upgraded and all of the bathrooms have been upgraded. The second-floor units have a partial ocean view. There is a large outdoor area with two tiki huts with the potential to create an amazing outdoor space. The property has 9 dedicated parking spaces on Surf Rd. The building has a motel license, so it allows for short term rentals. This is part of a larger portfolio that is available for sale. There are additional properties available directly across the street.

FOR SALE DETAILS

PRICE

$4,000,000 USD

PRICE/SF

$891 USD /SF

# OF ROOMS

16

PRICE/ROOM

$250,000 {currency}

CAP RATE

Request Cap Rate

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Minnesota St Motel/Multifamily Building

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

2

ROOM ENTRANCE

Exterior

BUILDING CLASS

C

YEAR BUILT

1953

PARKING SPACES

9

LAND DETAILS

LAND ACRES

0.17 AC

LAND SF

7,480 SF

ZONING

BRT-25-C

APN/PARCEL ID

51-42-12-01-0460

ASK ABOUT THIS PROPERTY

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954-218-4138

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