HOTEL HAS 20 OCEANFRONT ROOMS AND FEATURES A LIVELY TIKI BAR, A CAFE AND A RESTAURANT.


Property

Website:https://www.nestseekers.com/5572791
Address:
Hollywood, FL 33019
Ownership: For Sale
Type: Unknown

Financials

Price:$13,999,000

Description

HOTEL HAS 20 OCEANFRONT ROOMS AND FEATURES A LIVELY TIKI BAR, A CAFE 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 WHOLE BLOCK. UNIQUE PROPERTY. IT OPERATES AS A HOTEL, RESTAURANT AND TIKI BAR. HOTEL IS IN VERY GOOD CONDITION. CITY HAS BUILT A NEW 300 CAR GARAGE AT THE CORNER OF A1A AND NEVADA. THERE IS A POSSIBILITY FOR A NEW 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. IT NEEDS TO BE UPDATED.

Contact

Deborah L. Ginsburg
150 Worth Ave, Palm Beach, FL 33480
Listing Courtesy of Absolut International Rlty Inc