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$6,200,000
Est. payment /mo
1.11 Acres Lot
UPDATED:
Key Details
Property Type Vacant Land
Listing Status Active
Purchase Type For Sale
MLS Listing ID A11764592
HOA Y/N No
Annual Tax Amount $21,992
Tax Year 2024
Lot Size 1.110 Acres
Acres 1.11
Property Description
This prime 170-unit development site on Federal Highway in Hollywood, FL, includes 720 N Federal Highway along with 1809, 1815, and 1819 Buchanan Street. Covering over 48,000 SF, the property offers excellent visibility and accessibility just off Young Circle. Zoned FH-2 with a 3.0 FAR, it allows for up to 14 stories and 144,000 SF of residential space. The recommended unit mix includes 119 one-bedrooms, 32 studios, and 19 two-bedrooms. With strong market demand, a high-density zoning designation, and a prime location on US-1, this site is ideal for rental or condo development, offering a rare and lucrative investment opportunity in South Florida.
Location
State FL
County Broward
Area 3050
Exterior
Utilities Available Electricity Available, Other, Phone Available, Sewer Available, Water Available
Private Pool Yes
Building
Sewer Public Sewer
Water Public
Others
Tax ID 514215018760
Acceptable Financing Cash, Other
Listing Terms Cash, Other
Virtual Tour https://www.propertypanorama.com/instaview/mia/A11764592
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Listed by Fausto Commercial Realty Consultants Inc