$13,975,000

About this property

A RARE SOUTH FLORIDA HOSPITALITY ASSET OFFERING IMMEDIATE CASH FLOW, BRAND AND REPOSITIONNING POTENTIAL, AND LONG TERM COASTAL REDEVELOPMENT OPTIONALITY, MINUTES FROM FT LAUDERDALE AND MIAMI. HOTEL HAS 20 OCEANFRONT ROOMS, EACH WITH AN OCEAN VIEW AND A KITCHENETTE, NICE CLOSET SPACE AND A BATHROOM. HOTEL FEATURES A TIKI BAR WITH LIVE MUSIC, THAT IS A REAL MONEY MAKER, AN OCEANFRONT CAFE THAT JUST OPENED UP AND A RESTAURANT. THIS PROPERTY IS LOCATED ON HOLLYWOOD BROADWALK, UNIQUE OCEANFRONT PROMENADE STRETCHING 2.5 MILES ALONG THE OCEAN. SALE INCLUDES 2 BUILDINGS FACING THE OCEAN AND A SMALL LOT USED AS PARKING FACILITY FOR 13 CARS. THE AREA AND THE LOCATION ARE FANTASTIC. THE CITY HAS BUILT A NEW 300 CAR GARAGE AT THE CORNER OF A1A AND NEVADA. THERE IS A POSSIBILITY FOR A FUTUR OWNER TO BUILD A NEW STRUCTURE. PLANS ARE IN PLACE FOR THE CONSTRUCTION OF A NEW 32 ROOMS HOTEL ON 4 FLOORS WITH A RESTAURANT, BOUTIQUE, BAR AND COVERED PARKING. CITY HAD APPROVED ARCHITECTURAL RENDERINGS THAT NEEDS TO BE UPDATED. POSSIBILITIES ARE ENDLESS.