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720 N Federal Hwy - Prime 170-Unit Development Opportunity 1.1 Acres of Commercial Land Offered at $7,248,810 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 |
$6,749,599
|
$6,135,999.46
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$6,749,599
|
$6,135,999.46
|
| Taxes |
$1,395,054
|
$1,268,230.89
|
| Operating Expenses |
$1,370,093
|
$1,245,539.51
|
| Total Expenses |
$2,765,147
|
$2,513,770.40
|
| Net Operating Income |
$3,984,452
|
$3,622,229.06
|
Financial Summary (Pro Forma - 2025)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $6,749,599 |
| Annual Per AC | $6,135,999.46 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per AC | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per AC | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $6,749,599 |
| Annual Per AC | $6,135,999.46 |
| Taxes (CAD) | |
|---|---|
| Annual | $1,395,054 |
| Annual Per AC | $1,268,230.89 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $1,370,093 |
| Annual Per AC | $1,245,539.51 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $2,765,147 |
| Annual Per AC | $2,513,770.40 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $3,984,452 |
| Annual Per AC | $3,622,229.06 |
Property Facts
| Price | $7,248,810 CAD | Property Subtype | Commercial |
| Sale Type | Investment | Proposed Use | Commercial |
| No. Lots | 1 | Total Lot Size | 1.10 AC |
| Property Type | Land | ||
| 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 | $7,248,810 CAD |
| Sale Type | Investment |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Commercial |
| Proposed Use | 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 | $7,248,810 CAD | Lot Size | 1.10 AC |
| Price Per AC | $6,589,827.18 CAD |
| Price | $7,248,810 CAD |
| Price Per AC | $6,589,827.18 CAD |
| Lot Size | 1.10 AC |
US-1 Frontage right off of Young Circle in Hollywood
1 1
Moderately walkable
60/100
Moderately drivable
70/100
Some public transit
50/100
Moderately bikeable
70/100
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720 N Federal Hwy - Prime 170-Unit Development Opportunity
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