1040 S Federal Hwy & 1817 Funston — OZ 2 Properties Offered at $6,054,269 CAD in Hollywood, FL

Just reduced — Hollywood's premier US-1 redevelopment opportunity, now $4,450,000 (down from $4,950,000; original list $5,999,900). The seller is engaged and open to direct purchase, build-to-suit, or JV structures. 1031 Exchange considered.
Two contiguous parcels totaling 26,596 SF (0.61 acres) at the corner of S Federal Hwy and Funston St — 121 ft of premier US-1 frontage with high daily traffic counts, located inside a Federal Opportunity Zone for qualifying capital-gains treatment.
ASSEMBLAGE BREAKDOWN
Parcel 1 — 1040 S Federal Hwy (Folio 514222102090): 21,184 SF lot zoned FH-2 (mixed-use along Federal Hwy supporting residential, commercial, and office uses). 7,922 SF of existing improvements.
Parcel 2 — 1817 Funston St (Folio 514222102081): 5,412 SF lot zoned RM-18 (Medium-High Density Multiple Family). 2,219 SF of existing multifamily improvements.
The two-zoning assemblage delivers exceptional flexibility: FH-2 frontage on US-1 supports retail, office, and mixed-use development, while the RM-18 parcel on Funston unlocks residential density for a multifamily or live-work component behind the highway frontage.
USE CASE FLEXIBILITY
Approved use cases include medical and outpatient practices, charter and private schools, daycare and early-learning centers, multifamily, mixed-use, and ground-up commercial redevelopment. Strong demographic catchment — dense residential to the east, growing daytime population to the west — supports both operator-driven occupiers and developer-led plays.
PROPERTY STATUS
Both parcels are currently vacant — no in-place income, but no tenant relocation risk and immediate access for redevelopment. Existing structures may be retained for interim use or removed for new construction. Fenced site with full utilities to the property line; public sanitation. Flood Zone X.
2025 ad valorem property taxes: $55,123.89 combined ($43,378.33 for 1040 S Federal Hwy + $11,745.56 for 1817 Funston St).
Full Offering Memorandum, site plans, density analysis, demographic study, and OZ certification available upon registration.