418 S Federal Hwy - Hospitality FOR SALE


Hollywood, FL 33020- Parkside
$7,250,000 USD
954-540-2806
418 S Federal Hwy, Hollywood, FL for Sale
$7,250,000 USD
Hospitality - FOR SALE
1/24
null | Request Cap Rate

418 S Federal Hwy
Hollywood, FL 33020
Parkside


OVERVIEW

Positioned in the heart of Downtown Hollywood’s rapidly transforming urban core, Hill Motel presents a rare opportunity to acquire a prime redevelopment site just steps from Young Circle and the city’s vibrant mixed-use district. The property spans approximately 0.62 acres along highly trafficked Federal Highway and is currently improved with an income-producing boutique motel featuring short-term rental rooms and apartment units, allowing investors to generate interim cash flow while pursuing redevelopment approvals. The site is zoned FH-2, permitting high-density residential, hospitality, or mixed-use development with allowable heights up to 18 stories (190 feet). The zoning supports a potential buildout exceeding 100,000 square feet for single-use projects and approximately 128,000 square feet for mixed-use configurations. Located within Hollywood’s CRA District and Opportunity Zone, the property benefits from favorable density incentives, tax advantages, and significant public infrastructure investment. Downtown Hollywood continues to experience substantial growth, with more than $1.5 billion in active and planned developments reshaping the area into one of South Florida’s emerging live-work-play destinations. Surrounded by recently completed and proposed multifamily and mixed-use projects, including developments near Federal Highway and Young Circle, the site is strategically positioned to capitalize on continued residential and commercial demand in Broward County

FOR SALE DETAILS

PRICE

$7,250,000 USD

PRICE/SF

$659 USD /SF

# OF ROOMS

26

PRICE/ROOM

$278,846 {currency}

CAP RATE

Request Cap Rate

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Hill Motel

PROPERTY TYPE

Hospitality

ADD'L SUBTYPES

undefined, undefined, undefined

TOTAL BUILDING SIZE

-

STORIES

1

ROOM ENTRANCE

Exterior

BUILDING CLASS

C

YEAR BUILT

1965

PARKING SPACES

27

LAND DETAILS

LAND ACRES

0.62 AC

LAND SF

27,007 SF

ZONING

FH-2

APN/PARCEL ID

51-42-15-01-7270,51-42-15-01-7280

ASK ABOUT THIS PROPERTY

Filippo VespaThe Keyes CompanyMore Info
954-540-2806

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Filippo VespaThe Keyes CompanyMore Info
954-540-2806

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.