418 S Federal Hwy Hollywood, FL 33020
Prime .62-acre redevelopment site with income-producing motel near Young Circle.
Building Details
- Year built
- 1965
Source:
Svn
Listing Agent: Natvar Nana
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
Overview
Hollywood Redevelopment Opportunity Near Young Circle
Located in Hollywood, Florida, this property offers a redevelopment opportunity on two parcels totaling .62 acres. The site is approximately 700 feet from Young Circle in Downtown Hollywood, providing access to the ArtsPark Amphitheater. The property currently features a boutique motel with 26 short-term rental rooms, 4 apartment units, and a storage unit, generating revenue while navigating the permitting process for redevelopment. The property is zoned FH-2, allowing for a maximum height of 18 stories or 190 feet, with a Single-Use FAR of 3.75 and a Mixed-Use FAR of 4.75. Situated within the Community Redevelopment Agency (CRA) District and an Opportunity Zone, the site benefits from increased density allowances and tax incentives. The surrounding area is undergoing revitalization, with over $1.5 billion in current and approved projects and $14 million earmarked by the CRA for streetscape improvements. The property is located on Federal Hwy, near Young Circle, which serves as a junction for multiple highways. Nearby developments include Nine Hollywood, 1818 Park, the Bread Building, B57 North and South, Hudson Circle, and Soleste Hollywood Village. Constructed in 1965, the property offers potential for both single-use and mixed-use configurations.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Hill Motel
Hotel & Motel
Similar Places Nearby
Blue Paw Pet Care, Apt, Curtis Inn, Richard's Hotel, Green Seas Motel
Location Insight
- Map
- Local Demand
- City
- Hollywood
- County
- Broward
- State
- Florida
- Longitude
- -80.1430787
- Latitude
- 26.0079106
Nearby Similar for Sale
FAQs
What type of property is this?
Motel - Prime .62-acre redevelopment site with income-producing motel near Young Circle.
Where is this motel located?
The property is located at 418 S Federal Hwy Hollywood, FL.
What is the asking price?
The asking price for this property is $7,200,000.
What are key features of this property?
This property features: - Prime redevelopment opportunity: .62 acres zoned FH-2 allowing for significant development potential up to 18 stories/190 ft with favorable FARs.; - Immediate revenue generation: Operating boutique motel with 26 short-term rental rooms, 4 apartment units, and a storage unit provides income during the permitting process.; - Strategic location: Situated ±700 ft from Young Circle in Downtown Hollywood, offering easy access to amenities and high traffic exposure.
