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720 N Federal Hwy - Prime 170-Unit Development Opportunity 1.1 Acres of Commercial Land Offered at $6,200,000 in Hollywood, FL 33020
Investment Highlights
- Prime Location – Situated in the heart of Hollywood just North of Young Circle, a rapidly growing city with strong demand for housing developments.
- Suitable for a 170-Unit Development – Featuring a modern unit mix of studios, 1-bedrooms, and 2-bedrooms, totaling approx 117,000 rentable SF.
- Attractive asking price of $36K Per Developable Unit
- High-Density Potential – Build up to 144,000 SF with a 3.0 FAR, maximizing the site's value and future profitability.
- Located near major infrastructure, transit routes, and booming economic growth, making it ideal for investors and developers
- 48,000 Sqft of Land with most desirable FH-2 Zoning, Build up to 14 Stories High
Executive Summary
720 N Federal Highway, along with 1809, 1815, and 1819 Buchanan St, comprises a rare high-density development site in the heart of Hollywood, Florida. Spanning just over 48,000 SF of land, this property sits right on Federal Hwy (US-1), just off Young Circle, offering excellent visibility, accessibility, and proximity to key infrastructure—making it an ideal opportunity for developers and investors.
Key Development Highlights:
• Zoning: FH-2, allowing for up to 14 stories
• Floor Area Ratio (FAR): 3.0, maximizing development potential
• Total Buildable Area: 144,000 SF designated for residential units
• Proposed Unit Mix: 170 units
o 119 One-Bedroom Units (700 SF each)
o 32 Studio Units (500 SF each)
o 19 Two-Bedroom Units (900 SF each)
• Prime Location: Frontage on Federal Hwy (US-1), just off Young Circle, offering unmatched exposure and walkability
• Strong Market Demand: Ideal for rental or condo development, capitalizing on Hollywood’s rapid growth and transformation
With favorable FH-2 zoning, a 3.0 FAR, and vertical development potential up to 14 stories, this site presents a top-tier investment opportunity in one of South Florida’s most sought-after markets.
Key Development Highlights:
• Zoning: FH-2, allowing for up to 14 stories
• Floor Area Ratio (FAR): 3.0, maximizing development potential
• Total Buildable Area: 144,000 SF designated for residential units
• Proposed Unit Mix: 170 units
o 119 One-Bedroom Units (700 SF each)
o 32 Studio Units (500 SF each)
o 19 Two-Bedroom Units (900 SF each)
• Prime Location: Frontage on Federal Hwy (US-1), just off Young Circle, offering unmatched exposure and walkability
• Strong Market Demand: Ideal for rental or condo development, capitalizing on Hollywood’s rapid growth and transformation
With favorable FH-2 zoning, a 3.0 FAR, and vertical development potential up to 14 stories, this site presents a top-tier investment opportunity in one of South Florida’s most sought-after markets.
Financial Summary (Pro Forma - 2025) |
Annual | Annual Per AC |
|---|---|---|
| Gross Rental Income |
$4,935,000
|
$4,478,627.82
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$4,935,000
|
$4,478,627.82
|
| Taxes |
$1,020,000
|
$925,673.84
|
| Operating Expenses |
$1,001,750
|
$909,111.53
|
| Total Expenses |
$2,021,750
|
$1,834,785.37
|
| Net Operating Income |
$2,913,250
|
$2,643,842.45
|
Financial Summary (Pro Forma - 2025)
| Gross Rental Income | |
|---|---|
| Annual | $4,935,000 |
| Annual Per AC | $4,478,627.82 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per AC | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per AC | - |
| Effective Gross Income | |
|---|---|
| Annual | $4,935,000 |
| Annual Per AC | $4,478,627.82 |
| Taxes | |
|---|---|
| Annual | $1,020,000 |
| Annual Per AC | $925,673.84 |
| Operating Expenses | |
|---|---|
| Annual | $1,001,750 |
| Annual Per AC | $909,111.53 |
| Total Expenses | |
|---|---|
| Annual | $2,021,750 |
| Annual Per AC | $1,834,785.37 |
| Net Operating Income | |
|---|---|
| Annual | $2,913,250 |
| Annual Per AC | $2,643,842.45 |
Property Facts
| Price | $6,200,000 | Property Type | Land |
| Sale Type | Investment | Property Subtype | Commercial |
| No. Lots | 1 | Total Lot Size | 1.10 AC |
| Zoning | FH-2 - High-Density– Build up to 144,000 SF with a 3.0 FAR, maximizing the site's value and future profitability. | ||
| Price | $6,200,000 |
| Sale Type | Investment |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Commercial |
| Total Lot Size | 1.10 AC |
| Zoning | FH-2 - High-Density– Build up to 144,000 SF with a 3.0 FAR, maximizing the site's value and future profitability. |
1 Lot Available
Lot
| Price | $6,200,000 | Lot Size | 1.10 AC |
| Price Per AC | $5,626,619.35 |
| Price | $6,200,000 |
| Price Per AC | $5,626,619.35 |
| Lot Size | 1.10 AC |
US-1 Frontage right off of Young Circle in Hollywood
1 1
Walk Score®
Very Walkable (89)
Bike Score®
Very Bikeable (71)
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720 N Federal Hwy - Prime 170-Unit Development Opportunity
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