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720 N Federal Hwy - Prime 170-Unit Development Opportunity 1.1 Acres of Commercial Land Offered at £4,590,170 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 |
£3,653,627
|
£3,315,752.15
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
£3,653,627
|
£3,315,752.15
|
| Taxes |
£755,157
|
£685,322.63
|
| Operating Expenses |
£741,646
|
£673,060.73
|
| Total Expenses |
£1,496,803
|
£1,358,383.36
|
| Net Operating Income |
£2,156,825
|
£1,957,368.78
|
FINANCIAL SUMMARY (PRO FORMA - 2025)
| Gross Rental Income | |
|---|---|
| Annual | £3,653,627 |
| Annual Per ac | £3,315,752.15 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per ac | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per ac | - |
| Effective Gross Income | |
|---|---|
| Annual | £3,653,627 |
| Annual Per ac | £3,315,752.15 |
| Taxes | |
|---|---|
| Annual | £755,157 |
| Annual Per ac | £685,322.63 |
| Operating Expenses | |
|---|---|
| Annual | £741,646 |
| Annual Per ac | £673,060.73 |
| Total Expenses | |
|---|---|
| Annual | £1,496,803 |
| Annual Per ac | £1,358,383.36 |
| Net Operating Income | |
|---|---|
| Annual | £2,156,825 |
| Annual Per ac | £1,957,368.78 |
PROPERTY FACTS
| Price | £4,590,170 | Property Type | Land |
| Sale Type | Investment | Property Subtype | Commercial |
| No. Plots | 1 | Total Plot Size | 1.10 ac |
| Use Class | FH-2 - High-Density– Build up to 144,000 SF with a 3.0 FAR, maximizing the site's value and future profitability. | ||
| Price | £4,590,170 |
| Sale Type | Investment |
| No. Plots | 1 |
| Property Type | Land |
| Property Subtype | Commercial |
| Total Plot Size | 1.10 ac |
| Use Class | FH-2 - High-Density– Build up to 144,000 SF with a 3.0 FAR, maximizing the site's value and future profitability. |
1 PLOT AVAILABLE
Plot
| Price | £4,590,170 | Total Plot Size | 1.10 ac |
| Price Per ac | £4,165,580.74 |
| Price | £4,590,170 |
| Price Per ac | £4,165,580.74 |
| Total Plot Size | 1.10 ac |
US-1 Frontage right off of Young Circle in Hollywood
1 1
Walk Score®
Easily Walkable (89)
Bike Score®
Good for cycling (71)
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720 N Federal Hwy - Prime 170-Unit Development Opportunity
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