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Minnesota St Motel/Multifamily Building 312 Minnesota St 16 Room Hotel Hollywood, FL 33019 $6,127,308 CAD ($382,957 CAD/Room)
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 | $6,127,308 CAD | Building Size | 4,490 SF |
| Price Per Room | $382,957 CAD | No. Rooms | 16 |
| Sale Type | Investment | No. Stories | 2 |
| Property Type | Hospitality | Year Built | 1953 |
| Property Subtype | Hotel | Parking Ratio | 2/1,000 SF |
| Building Class | C | Corridor | Exterior |
| Lot Size | 0.17 AC | ||
| Zoning | BRT-25-C | ||
| Price | $6,127,308 CAD |
| Price Per Room | $382,957 CAD |
| 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 | $169.89 CAD | - |
1 1
Fairly walkable
50/100
Very drivable
80/100
Limited public transit
30/100
Moderately bikeable
70/100
Property Taxes
| Parcel Number | 51-42-12-01-0460 | Improvements Assessment | $0 CAD |
| Land Assessment | $0 CAD | Total Assessment | $4,907,283 CAD |
Property Taxes
Parcel Number
51-42-12-01-0460
Land Assessment
$0 CAD
Improvements Assessment
$0 CAD
Total Assessment
$4,907,283 CAD
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Minnesota St Motel/Multifamily Building | 312 Minnesota St
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