1743 Wiley St | Hollywood, FL 33020
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1743 Wiley St
Hollywood, FL 33020
Richard's Pet Friendly Motel · Hospitality Property For Sale · 11 Rooms
INVESTMENT HIGHLIGHTS
- Minutes from I-95, Fort Lauderdale International Airport, and Hollywood Beach
- Wee run hospitality business for the last 4 decades
- Turn-key hospitality property in the Hollywood, Florida
EXECUTIVE SUMMARY
Welcome to an exceptional opportunity in the heart of Hollywood, FL, the center of Broward County tourism. This property has 11 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. Great 6.4% 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.
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. Great 6.4% 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.
PROPERTY FACTS
| Price Per Room | $200,000 | Lot Size | 0.25 AC |
| Sale Type | Investment | Building Size | 4,023 SF |
| Cap Rate | 6.36% | No. Rooms | 11 |
| Sale Condition | Business Value Included | No. Stories | 1 |
| Property Type | Hospitality | Year Built | 1952 |
| Property Subtype | Hotel | Parking Ratio | 1.49/1,000 SF |
| Building Class | C | Corridor | Exterior |
| Price Per Room | $200,000 |
| Sale Type | Investment |
| Cap Rate | 6.36% |
| Sale Condition | Business Value Included |
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | C |
| Lot Size | 0.25 AC |
| Building Size | 4,023 SF |
| No. Rooms | 11 |
| No. Stories | 1 |
| Year Built | 1952 |
| Parking Ratio | 1.49/1,000 SF |
| Corridor | Exterior |
AMENITIES
- Shuttle Service
- High Speed Internet Access
- Patio
- Public Access Wifi
ABOUT 1743 WILEY ST , HOLLYWOOD, FL 33020
Located in Hollywood, FL, Richard’s Portfolio benefits from high visibility and accessibility, making it an ideal investment in a bustling and rapidly growing market.
ROOM MIX INFORMATION
| DESCRIPTION | NO. ROOMS | DAILY RATE | SF |
|---|---|---|---|
| Guest Room | 11 | $104.00 | - |
PROPERTY TAXES
| Parcel Number | 51-42-22-09-0550 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $923,150 |
PROPERTY TAXES
Parcel Number
51-42-22-09-0550
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$923,150
ZONING
| Zoning Code | FH-2 |
| FH-2 |
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