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    418 Federal Hwy Hollywood, FL 33020

    For Sale
    $7,200,000

    30-key motel, prime redevelopment site.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    360
    This exceptional redevelopment opportunity presents a 30-key motel situated on two parcels totaling 0.62 acres in Hollywood, Florida. The property, built in 1965, currently comprises 26 short-term rental rooms and three apartment units, generating immediate revenue. Located approximately 1700 feet from Young Circle in Downtown Hollywood, the motel benefits from its proximity to the ArtsPark Amphitheater and the significant revitalization efforts underway in the area. Over $1.5 billion in ongoing and planned projects, including thousands of new residential units, are transforming Downtown Hollywood. The property's strategic location on Federal Highway, a major thoroughfare, and its proximity to I-95 (1.7 miles) ensure high visibility and accessibility. Zoned FH-2, the site allows for development up to 18 stories and 190 feet, offering impressive floor area ratios for both single-use (FAR of 3.75, approximately 101,277 square feet) and mixed-use (FAR of 4.75, approximately 128,284 square feet) configurations. Its location within the Community Redevelopment Agency (CRA) district and its designation as an Opportunity Zone provide incentives for increased density and tax advantages. Nearby developments such as 1818 Park and Nine Hollywood further underscore the area's growth potential. The asking price is $7,200,000. The property's APN is 5142-15-01-7280. This is a rare chance to capitalize on the burgeoning Hollywood market and secure healthy returns.

    Property Features for 418 Federal Hwy

    General Information

    Property type
    Motels
    Lot Size
    27,007 SF

    Building Details

    Year Built
    1965
    Buildings
    2
    Stories
    1

    HighLights

    • Highly desirable redevelopment opportunity in Hollywood, FL's vibrant Young Circle area.
    • .62‑acre site (two parcels) located ±700 feet from Young Circle, offering significant development potential.
    • FH‑2 zoning allows for a building up to 18 stories (190 ft.), with a 3.75 Single‑Use FAR (±101,277 sf) or 4.75 Mixed‑Use FAR (±128,284 sf).
    • Generating current income with an existing boutique motel, allowing for revenue during the redevelopment process.
    • Located in a rapidly revitalizing area with $1.5B in current/approved projects and $14M in CRA‑funded streetscape improvements.
    • Benefits from increased density and tax incentives within the CRA District and an Opportunity Zone.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Hill Motel Motel

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Hollywood
    County
    Broward
    State
    Florida
    Longitude
    -80.14334
    Latitude
    26.0080834

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    FAQs

    What type of property is this?
    Motel - 30-key motel, prime redevelopment site.
    Where is this motel located?
    The property is located at 418 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: Highly desirable redevelopment opportunity in Hollywood, FL's vibrant Young Circle area.; .62-acre site (two parcels) located ±700 feet from Young Circle, offering significant development potential.; FH-2 zoning allows for a building up to 18 stories (190 ft.), with a 3.75 Single-Use FAR (±101,277 sf) or 4.75 Mixed-Use FAR (±128,284 sf).
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    Realmo Value Estimation

    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.

    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.

    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
    418 Federal Hwy Hollywood, FL 33020
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