418 S Federal Hwy - Hospitality FOR SALE


Hollywood, FL 33020
$7,200,000 USD
847-410-9047
418 S Federal Hwy, Hollywood, FL for Sale
$7,200,000 USD
Hospitality - FOR SALE
1/35
null | Request Cap Rate

418 S Federal Hwy
Hollywood, FL 33020


HIGHLIGHTS

  • Prime redevelopment potential on .62 acres in strategic Hollywood, FL location.
  • Operating Motel with 30 total rooms, offering immediate revenue while undergoing permitting.
  • FH-2 Zoning offers substantial development potential. Single-Use FAR 3.75, Mixed-Use FAR 4.75.
  • Approx. 700ft from bustling Young Circle. A reported $1.5B in nearby projects set to drastically revitalize this submarket.
  • Located within CRA and Opportunity Zone, offering increased density and favorable tax incentives.
  • Great accessibility - Federal Hwy sees over 30,000 vpd. Young Circle features 7 street intersections, five of which serve as State/US highways.

OVERVIEW

Strategically located in Hollywood, FL, The Hill Motel offers a solid investment opportunity spread across two parcels totaling .62 acres. Constructed in 1965, the property features 26 short-term rental rooms, 3 apartment units, and a storage unit, providing a steady revenue stream. Positioned approximately ±700 feet from the bustling Young Circle in Downtown Hollywood, residents enjoy easy access to the area's ArtsPark Amphitheater. The Community Redevelopment Agency's commitment to enhancing Young Circle, coupled with substantial streetscape investments, underscores the neighborhood's urban growth. Subject property is 19 miles from Downtown Miami and 1.7 miles to I-95. Downtown Hollywood is witnessing significant revitalization, with over $1.5 billion allocated to ongoing and planned projects, including thousands of new residential units. Accessibility is a key feature, with Federal Hwy seeing heavy traffic and Young Circle serving as a junction for multiple highways. Zoned FH-2, the property allows for development up to 18 stories/190 feet, offering potential for both single-use and mixed-use configurations with impressive floor area ratios. Situated 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 such as 1818 Park, Nine Hollywood, and the upcoming Bread Building and B57 North and South highlight the area's growth potential. As Hollywood's urban landscape evolves, The Hill Motel presents a robust redevelopment opportunity with the ability to collect immediate revenue for those seeking healthy returns in a dynamic real estate market.

FOR SALE DETAILS

PRICE

$7,200,000 USD

PRICE/SF

$655 USD /SF

# OF ROOMS

26

PRICE/ROOM

$276,923 {currency}

CAP RATE

Request Cap Rate

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Hill Motel

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

1

ROOM ENTRANCE

Exterior

BUILDING CLASS

C

YEAR BUILT

1965

PARKING SPACES

27

LAND DETAILS

LAND ACRES

0.62 AC

LAND SF

27,007 SF

ZONING

FH-2

APN/PARCEL ID

51-42-15-01-7270,51-42-15-01-7280

ASK ABOUT THIS PROPERTY

Brandon BolligSVN | Commercial PartnersMore Info
847-410-9047

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Brandon BolligSVN | Commercial PartnersMore Info
847-410-9047

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.