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Hotel for sale in Hollywood Beach
$4,200,000
For sale
6426
Property ID
Description
An opportunity to acquire this unique property just steps from the Hollywood Beach!! Great for investors or developers!
Villa Sinclair Beach Suites offers 7 large furnished suites with full kitchens and bathrooms, a Hookah Lounge/Bar with Beer & Wine license, sitting on approx. 6,400 SF Lot (3,480 SF/AC+4,680 SF Outdoor).
Can also be rebuilt into a 6 Story, 12 Unit Condo Building or add 1 more floor to the current building to give a rooftop bar plus deck for entertaining!
New owner can earn over a 7.5% return based on 2021 income & expenses.
Owner made many improvements to the property including 48 Hurricane impact Windows,
28 Aluminum Bahamian Shutters, 160’Hurricaine Proof Fence, 12 x 12,000 BTU Mini Split A/C units and much more!
Address
Address:
317 Polk Street, Hollywood, FL
- Country: United States
- Province / State: Florida
- Property ID 6426
- Price $4,200,000
- Property Type Hotel
- Property status For sale
- Year Built 1940
- Zoning BRT-25-C
- Floor ["Tile"]
- Cooling ["Central Individual"]
- GrossIncome $551,000