418 S Federal Hwy Hollywood, FL 33020
Prime redevelopment site near Young Circle with income potential.
Type:Hospitality, Land
Lot size:
0.62 Acres- Added:
- Apr 9, 2024
- Days on Market:
- 743
- Last Refresh:
- Mar 17 at 1:25 pm
Property Features for 418 S Federal Hwy
General Information
- Standard status
- Active
- Lot size
- 0.62 Acres
- Property subtype
- Hospitality, Land
Building Details
- Year Built
- 1965
Listing agent Natvar Nana License #FL Broker / Associate
Listing office SVN Alliance
Listing date Apr 9, 2024
Source Crexi
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 SVN Alliance
Overview
Hollywood Motel Redevelopment Opportunity
Located in Hollywood, Florida, The Hill Motel presents an investment opportunity on two parcels totaling 0.62 acres. Constructed in 1965, the property includes 26 short-term rental rooms, 3 apartment units, and a storage unit. Situated approximately 700 feet from Young Circle in Downtown Hollywood, the location provides access to the ArtsPark Amphitheater. The Community Redevelopment Agency is focused on enhancing Young Circle, with streetscape investments supporting urban growth. The property is 19 miles from Downtown Miami and 1.7 miles from I-95. Downtown Hollywood is undergoing revitalization, with over $1.5 billion allocated to ongoing and planned projects, including thousands of new residential units. Federal Hwy experiences heavy traffic, and Young Circle serves as a junction for multiple highways. Zoned FH-2, the property allows for development up to 18 stories or 190 feet, offering potential for single-use and mixed-use configurations with floor area ratios. Located within the Community Redevelopment Agency (CRA) and designated as an Opportunity Zone, The Hill Motel benefits from incentives for increased density and tax advantages. Nearby developments include 1818 Park, Nine Hollywood, and the upcoming Bread Building and B57 North and South. The Hill Motel offers a redevelopment opportunity with the ability to collect immediate revenue.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Hill Motel
Hotel & Motel
Similar Places Nearby
- Blue Paw Pet Care — 1400 S 19th Ave, Hollywood, FL 33020
- Apt — 2023 Mayo St #3, Hollywood, FL 33020
- Curtis Inn — 1501 S Federal Hwy, Hollywood, FL 33020
- Richard's Hotel — 1411 S Federal Hwy, Hollywood, FL 33020
- Green Seas Motel — 1419 S Federal Hwy, Hollywood, FL 33020
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 redevelopment site near Young Circle with income potential.
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: High‑Density Redevelopment Potential: Zoned FH‑2, allowing for development up to 18 stories.; Prime Location Near Revitalized Downtown Hollywood: Situated approximately ±700 feet from Young Circle.; Opportunity Zone and CRA Incentives: Located within a Community Redevelopment Agency (CRA) and designated as an Opportunity Zone.
