1040 Federal HwyHollywood, FL 33020

This exceptional mixed-use property, located at 1040 S Federal Hwy in Hollywood, Florida, presents a compelling development opportunity. Built in 1936, this two-story building boasts a flexible mixed-use zoning designation, allowing for a variety of uses including hotel, commercial, and residential development. The current zoning permits up to five stories and a total building area of 79,683 square feet. The property currently offers 10,115 square feet of built area generating a pro forma income of $230,000. Ample parking is available with 30 spaces, providing a ratio of 3 spaces per 1,000 square feet. Situated on a prime US-1 frontage, this location benefits from exceptional visibility and signage opportunities, with a high volume of 44,000 vehicles passing daily. The property is surrounded by high-rise buildings and other mixed-use projects, indicating significant growth potential within the area. This is an ideal opportunity for developers seeking to generate income from office or retail tenants during the planning and approval phases of a larger project. Seller financing is available. The property is located in an Opportunity Zone, offering additional investment incentives. The asking price is $5,999,900. This is a rare chance to acquire a strategically located asset with substantial upside potential in a thriving South Florida market.