Year Build: 0
Building Size: 20,380 SqFt.
No of Stories: 2
Total Lot Area: 1.00 Acre
No of Parking: 0
No of Total Units: 60
Property Current Status: Normal Sale
Building Status: Existing
Heating and Cooling: Heating and Cooling
Building Class: Not Specified
Property on Ground Lease?: No
Net Lease Investment?: No
Business Price Included?: No
Roofing: Not Specified
Occupancy: 95%
Full Description
Capital Commercial Real Estate Group, Inc is proud to exclusively present this beautiful 60room hotel located at 509 N Federal Highway, Hollywood, Florida, 33020.This stylish 60-room hotel, full-service "Zinn Inn Hotel" is one of the best quality hotels in Broward county. It is located in an area highly populated by hotels on Federal Highway. The Zinn Inn Hotel was built in 1962 and offers guests an outdoor oversized heated swimming pool, Pool Side Tikki bar, Cocktail Lounge, Patio Sun Deck and lounge chairs, guest laundry, etc. Rooms were recently upgraded. Room amenities include microwave, refrigerator, 32" Flat Screen TV, wireless internet, hair dryer, iron and ironing board, etc. The hotel is currently operating at a 95% occupancy rate with an $68 ADR .
Assumable Mortgage Info Property has assumable mortgage amount of $3,995,000 with 4.25% interest rate, which will mature in 24 years. Monthly payment including principal and interest rate is $21,642.44.
The property is located only few miles away from the world known Hollywood Beach and couple miles away from Fort Lauderdale International Airport. The Zinn Inn is also adjacent to the offices in the area, several restaurants on the beach and the Hollywood circle.