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720 N Federal Hwy - Prime 170-Unit Development Opportunity 1.1 Acres of Commercial Land Offered at $8,654,704 CAD 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 (CAD) | ANNUAL PER AC (CAD) |
|---|---|---|
| Gross Rental Income |
$6,822,638
|
$6,191,703.20
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$6,822,638
|
$6,191,703.20
|
| Taxes |
$1,410,150
|
$1,279,744.13
|
| Operating Expenses |
$1,384,919
|
$1,256,846.74
|
| Total Expenses |
$2,795,069
|
$2,536,590.87
|
| Net Operating Income |
$4,027,568
|
$3,655,112.33
|
FINANCIAL SUMMARY (PRO FORMA - 2025)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $6,822,638 |
| Annual Per AC | $6,191,703.20 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per AC | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per AC | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $6,822,638 |
| Annual Per AC | $6,191,703.20 |
| Taxes (CAD) | |
|---|---|
| Annual | $1,410,150 |
| Annual Per AC | $1,279,744.13 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $1,384,919 |
| Annual Per AC | $1,256,846.74 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $2,795,069 |
| Annual Per AC | $2,536,590.87 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $4,027,568 |
| Annual Per AC | $3,655,112.33 |
PROPERTY FACTS
| Price | $8,654,704 CAD | 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 | $8,654,704 CAD |
| 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 | $8,654,704 CAD | Lot Size | 1.10 AC |
| Price Per AC | $7,854,146.77 CAD |
| Price | $8,654,704 CAD |
| Price Per AC | $7,854,146.77 CAD |
| Lot Size | 1.10 AC |
US-1 Frontage right off of Young Circle in Hollywood
1 1
Walk Score®
Very Walkable (89)
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720 N Federal Hwy - Prime 170-Unit Development Opportunity
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