Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Prime Development Site on Federal Highway Title is generated by Realmo AI

    720 N Federal Hwy, Hollywood, FL 33020

    View on Map
    Claim this Listing
    For Sale
    $5,300,000

    Development site in Hollywood, FL, ideal for residential development.

    Type:Commercial
    Lot size:
    1.11 Acres
    Added:
    Nov 27, 2025
    Days on Market:
    189
    Last Refresh:
    May 10 at 9:46 pm

    Property Features for 720 N Federal Hwy

    General Information

    Standard status
    Active
    Lot size
    1.11 Acres
    Property subtype
    Commercial

    We can help!

    Listing Contact
    Elior Levi
    Elior Levi

    Listing agent Elior Levi License #3574869

    Listing office Fausto Commercial Realty Consultants Inc

    Listing date Nov 27, 2025

    Source Elliman

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    All listing content including descriptions, pricing, images are the copyrighted material of Fausto Commercial Realty Consultants Inc

    HighLights

    • Prime development site with high‑density zoning (FH‑2, 3.0 FAR) allowing for up to 14 stories and 144,000 SF of residential space.
    • Excellent location on Federal Highway (US‑1) in Hollywood, FL, offering high visibility and accessibility near Young Circle.
    • Large site encompassing over 48,000 SF, providing ample space for a substantial 170‑unit development.
    • Approved for a mix of unit types: 119 one‑bedrooms, 32 studios, and 19 two‑bedrooms.
    • Ideal for rental or condo development, presenting a lucrative investment opportunity.
    • Includes multiple addresses: 720 N Federal Highway, 1809 Buchanan Street, 1815 Buchanan Street, and 1819 Buchanan Street.

    Overview

    This prime development site is located on Federal Highway in Hollywood, Florida, and includes the address 720 N Federal Highway along with 1809, 1815, and 1819 Buchanan Street. The property covers over 48,000 square feet and offers visibility and accessibility near Young Circle. Zoned FH-2 with a 3.0 FAR, the site allows for up to 14 stories and 144,000 square feet of residential space. The recommended unit mix includes 119 one-bedroom units, 32 studios, and 19 two-bedroom units. This high-density zoning designation and location on US-1 make the site suitable for rental or condo development.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Daycare Center Gym & Fitness Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Hollywood
    County
    Broward
    State
    Florida
    Longitude
    -80.1433
    Latitude
    26.0179

    Nearby Similar for Sale

    • $2,550,000
      3,600 SF

      Turnkey Automotive Facility with Income

      Fully renovated automotive facility with income in Hollywood, Florida.
      5836 Rodman St, Hollywood, FL 33023
      View Details
    • $1,900,000
      2,200 SF

      Turnkey Medical/Office Building For Sale

      2,200 SF commercial space ideal for medical or office use.
      795 S Federal Hwy, Hollywood, FL 33020
      View Details
    • $1,099,995
      3,500 SF

      Hollywood ALF/Group Home Opportunity

      Large home suitable for assisted living or group home facility.
      3211 Calle Largo Dr, Hollywood, FL 33021
      View Details
    • $2,255,000
      7,445 SF

      Hollywood Multifamily Investment Opportunity

      Ten-unit multifamily property in Hollywood, Florida, fully occupied and cash-flowing.
      2206 Fillmore St #1-10, Hollywood, FL 33020
      View Details
    • $1,600,000
      4,300 SF

      Remodeled Multifamily Asset in Hollywood

      Fully remodeled 4-unit multifamily property with strong income potential.
      5629 Taft St, Hollywood, FL 33021
      View Details
    • $865,000
      1,251 SF

      Renovated Office Space Near Beach

      Turnkey commercial space ideal for spa or medical office.
      3800 S Ocean Dr, Hollywood, FL 33019
      View Details
    • $1,850,000
      9,248 SF

      Commercial Spaces in Hollywood Building

      Seven commercial spaces in a prime Hollywood location for sale.
      5000 Hollywood Boulevard, Hollywood, FL
      View Details
    • $3,200,000
      8,600 SF

      Remodeled Multifamily Asset in Hollywood, FL

      Fully remodeled 8-unit multifamily property in high-demand Hollywood rental market.
      5645 Taft St, Hollywood, FL 33021
      View Details
    • $3,688,000

      Remodeled Medical Office Building

      Freestanding, remodeled medical office with ample parking on corner lot.
      7700 Davie Road Ext, Hollywood, FL 33024
      View Details
    • $1,800,000
      1,871 SF

      Hollywood Multifamily Investment Opportunity

      Multifamily property with development potential in Hollywood, Florida.
      1942 Buchanan Street, Hollywood, FL 33020
      View Details
    • $699,999
      1,755 SF

      Versatile Commercial Property in Hollywood

      Commercial property ideal for retail, office, studio, showroom, or industrial.
      3000 N 22nd Avenue, Hollywood, FL 33020
      View Details
    • $325,000

      Turnkey Restaurant Lounge in Hollywood

      Restaurant lounge with full liquor license near Hard Rock Hotel.
      5650 Stirling Rd, Hollywood, FL 33021
      View Details

    FAQs

    What type of property is this?
    Commercial land - Development site in Hollywood, FL, ideal for residential development.
    Where is this commercial land located?
    The property is located at 720 N Federal Hwy Hollywood, FL.
    What is the asking price?
    The asking price for this property is $5,300,000.
    What are key features of this property?
    This property features: Prime development site with high‑density zoning (FH‑2, 3.0 FAR) allowing for **up to 14 stories and 144,000 SF of residential space.**; Excellent location on Federal Highway (US‑1) in Hollywood, FL, offering high visibility and accessibility near Young Circle.; Large site encompassing over 48,000 SF, providing ample space for a substantial 170‑unit development.
    (954) 743-7594
    We can help!
    Listing Contact
    Elior Levi
    Elior Levi
    Real Estate License ID: 3574869
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    720 N Federal Hwy, Hollywood, FL 33020
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!