The Sheldon Hotel was established in the late 1940’s and has been continually updated to accommodate the thriving Hollywood Beach area. This 42 room limited service hotel fronts 160’ on the boardwalk, on the beach in Hollywood Florida. Located at 1000 North Surf Road in Hollywood, the Sheldon Beach Hotel has been pleasing tourists for years with affordable, ocean front accommodations.
The hotel has approximately 10,000 square feet of ground floor retail space that is located directly on the boardwalk. This space is currently divided into 6 spaces, is 85% occupied on a month-to-month basis, and grossed $370,000 rent in 2008.
Also included in the auction are five undeveloped lots totaling 18,400 square feet. Currently used for parking, these lots are located between Michigan Street and Buchanan Street behind the hotel property. While not adjacent, these lots are approximately 200 feet west of the hotel.
This is your chance to by an ocean front property at auction prices. The terms of sale require a cash or certified check in the amount of $100,000 to be posted prior to the auction. A hearing to approve the sale will be held immediately following the auction at 1:30 p.m., in the United States Bankruptcy Court for the Southern District of Florida, at 299 E. Broward Blvd., Room 301, Fort Lauderdale, Florida. A 10% buyers premium applies. For complete details and a property information package, visit the auctioneers website at www.go-dove.com, or contact Louis Goldberg, project manager at (914) 235-4905.
Information provided herein is deemed to be reliable, however not guaranteed and prospective purchasers are encouraged to conduct their own due diligence before bidding. David A. Fiegel, Florida auctioneer AU3903, Florida real estate broker BK3218441.