Exclusively Listed Prime 2 Story Boutique Motel located in Hollywood, Florida
The Nevada Beach 322 Nevada Street Hollywood, Florida 33019
Offered for: $3.750.000 Impeccably Maintained
Situated between A-1-A and the Ocean The Nevada Beach
Beachfront Realty Incorporated is the exclusive listing agent for the Nevada Beach Motel located at 322 Nevada Street in exciting Hollywood Beach. The property is situated between A-1-A and the Ocean and consists of 15 furnished units and 15 parking spaces. There are (9) one bedroom units and (6) studio units all with recently upgraded kitchens, flat screen TV’s and other furnishings. Three of the units are highly upgraded with two having central AC and the others having AC wall units. This two story boutique motel is located in a hot area of development activity and enjoys close proximity to Fort Lauderdale Airport and I95; both of which provide excellent tourist and local access. The immense Margaritaville Hotel and entertainment complex and Costa Hollywood are under construction and are located just blocks away. The 8054 square foot motel was purchased by the current owner in the early 1970’s and sits on a 9927 square foot lot. The Hollywood Beach Boardwalk underwent a $14 million renovation which was complete in 2007 and 1.5 miles of the beach were recently restored. The vision for the revitalization and beautification is to include pedestrian and bicycle crossings. Along with $12 million of improvements to water and sewer, the Hollywood Beach government continues to move forward to project the community to be competitive with the finest of beach communities. It is anticipated that The Nevada will retain most of the parking spaces after the City of Hollywood completes the street beautification program by moving the affected spaces further forward.
This one bedroom owners unit has been completely renovated with stunning new kitchen, 2 new bathrooms and central air conditioning
All of the units have kitchens of varying sizes and layouts which have been renovated with new cabinets and countertops‌‌the result is a fresh environment for all guests. (Example) Bathrooms are original and have been meticulously maintained (Example)
BOUNDARY SURVEY
Other Facts and Property Improvements 11/17/2014
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Plumbing waste stack replaced in 2014 Partial roof replacement in 2014 Upper level hurricane shutters Windows replaced 1999-2000 Most wall AC units replaced within last 4 years 2 central AC units installed 2007/2008 All units freshly painted within last 3 years Select living room furniture and all bedroom furniture and mattresses replaced within the last several years All outdoor wicker, slate bistro tables and umbrellas were replaced within the last several years All outdoor railings were electrostatically painted within the last several years All awnings were replaced in 2014 Non energy efficient neon lighting was replaced with LED in 2014 Most exterior steel doors replaced with fiberglass composite doors in 2014 Property underwent stucco and structural repairs and was completely painted in 2014 Black top was resurfaced in 2014
Note; All information contained herein is subject to change and deemed accurate. The content has been provided by the Seller and/or the Broward County Tax Rolls. Beachfront Realty Incorporated, its agents, brokers and/or employees make no representations or warranties, express or implied, as to the accuracy of the information. Not all units are the same configuration nor are identical to those shown in this brochure. All potential purchasers are advised to perform their own due diligence and will bear all risk for any inaccuracies. 11/17/2014
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Directions - Take A-1-A Hollywood to Nebraska Street - Turn east onto Nebraska Street to Surf Road - Turn north (left) onto Surf Road and travel one block to Nevada Street - Turn west (left) onto Nevada Street The property is located in the middle of the block on the left