310 MCKINLEY STREET Hollywood

NEPTUNE HOLLYWOOD BEACH HOTEL

Price $11,900,000 Property Use Type Investment
No. Rooms 29 Commission Split 6%
Building Size 16,670 SF Cap Rate 4.50%
Price/Room $410,344.83 Average Occupancy 85%
Property Type Hotel & Motel Lot Size 23,400 SF
Property Sub-type Full Service

Description

HUGE PRICE REDUCTION!!! OCEANFRONT PROPERTY! DIRECTLY ON THE BROADWALK IN HOLLYWOOD BEACH FL. THIS PROPERTY IS WELL MAINTAINED AND LANDSCAPED AND CONSISTS OF 29 ONE AND TWO BEDROOM SPACIOUS FULLY FURNISHED RESORT HOTEL SUITS EQUIPPED WITH FULL KITCHENS. THE COMPLEX IS EQUIPPED WITH A SWIMMING POOL, BBQ AREA, A GUEST LAUNDRY, RESORT LAUNDRY, MAINTENANCE BUILDING, 33 PARKING SPACES, SEPARATE OFFICE BUILDING.

PRIME LOCATION! LARGE SIZE OF LAND! OCEANFRONT PROPERTY! GREAT FOR FUTURE DEVELOPMENT!
LOCATED ON THE HISTORIC HOLLYWOOD BEACH BOARDWALK. CLOSE TO SHOPS AND RESTAURANTS AND FORT – LAUDERDALE/HOLLYWOOD INTERNATIONAL AIRPORT.

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