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312 Minnesota St
Hollywood, FL 33019
Minnesota St Motel/Multifamily Building · Hospitality Property For Sale
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16 Rooms
Executive Summary
This multifamily/motel building is located directly on Surf Rd, steps from the Hollywood Beach Broadwalk. It is only one block north of the Margaritaville Hotel and Resort, which is one of the highest occupied hotels in the country. There are 16 total units, each one is an efficiency. All of the units have full kitchens. Five of the units have been upgraded and all of the bathrooms have been upgraded. The second-floor units have a partial ocean view. There is a large outdoor area with two tiki huts with the potential to create an amazing outdoor space. The property has 9 dedicated parking spaces on Surf Rd. The building has a motel license, so it allows for short term rentals. This is part of a larger portfolio that is available for sale. There are additional properties available directly across the street.
Property Facts
| Price Per Room | $275,000 | Building Size | 4,490 SF |
| Sale Type | Investment | No. Rooms | 16 |
| Property Type | Hospitality | No. Stories | 2 |
| Property Subtype | Hotel | Year Built | 1953 |
| Building Class | C | Parking Ratio | 2/1,000 SF |
| Lot Size | 0.17 AC | Corridor | Exterior |
| Zoning | BRT-25-C | ||
| Price Per Room | $275,000 |
| Sale Type | Investment |
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | C |
| Lot Size | 0.17 AC |
| Building Size | 4,490 SF |
| No. Rooms | 16 |
| No. Stories | 2 |
| Year Built | 1953 |
| Parking Ratio | 2/1,000 SF |
| Corridor | Exterior |
| Zoning | BRT-25-C |
Amenities
- High Speed Internet Access
- Patio
- Public Access Wifi
- Smoke-Free
- Fully-Equipped Kitchen
Room Mix Information
| Description | No. Rooms | Daily Rate | SF |
|---|---|---|---|
| Suite | 16 | $122.00 | - |
Property Taxes
| Parcel Number | 51-42-12-01-0460 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $3,502,550 |
Property Taxes
Parcel Number
51-42-12-01-0460
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$3,502,550
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