418 Federal HwyHollywood, FL 33020

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.