418 S Federal Hwy
- - .62 acres of redevelopment opportunity on two parcels in bustling Hollywood, FL.
- - 700ft from Young Circle
- - Zoned FH-2 - allowing max. height of 18 stories/190ft, Single-Use FAR of 3.75. Mixed-Use FAR of 4.75.
- - Located within CRA District and Opportunity Zone, affording increased density and favorable tax incentives.
- - Hollywood, FL has a reported $1.5 in active and approved projects underway.
Property Description
Prime Redevelopment play in bustling Hollywood, FL. ±700 ft from Young Circle, this .62 acre piece (2 parcels) affords significant development opportunity. Zoned FH-2, this allows a maximum height of 18 stories/190 ft., a Single-Use FAR of 3.75 (±101,277sf structure) and Mixed-Use FAR of 4.75 (±128,284sf structure). With an operating Boutique Motel, this provides a Buyer with the opportunity to collect immediate revenue while navigating the permitting process for redevelopment. The subject property is situated within the path of revitalization for Hollywood, FL with $1.5B in current/approved projects and $14M earmarked by the CRA for streetscape improvements. The site offers increased density being located within the CRA District and favorable tax incentives sitting within an Opportunity Zone. Nearby major Mixed-Use developments include Nine Hollywood, 1818 Park, the Bread Building, B57 North and South, Hudson Circle, Soleste Hollywood Village and many more.
Key Property Information
| Listing Status: | Unavailable |
|---|---|
| Listing Type: | Call for offers |
| Property Types: | Hospitality |
| Price: | $7,200,000 |
| No. of Units: | 25 |
| Year Built: | 1965 |
| Lot Size: | 0.62 Acres |
| Opportunity Zone: | No |
| Price per unit: | $288,000 |
| Property Website | Click Here |
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