Hill Motel
26 Room Hotel | Hollywood, FL 33020 | For Sale
For Sale
Active
- Date Added:
- May 17, 2024
- Days on Market:
- 28 days
- Property Type
-
Hospitality
- Square Feet
- 11,000 SF
Listing Contacts
Brandon Bollig
Verified Profile
Ashley Bloom
Verified Profile
Natvar Nana
Verified Profile
- Property Info
Property Overview
Strategically located in Hollywood, FL, The Hill Motel offers a solid investment opportunity
spread across two parcels totaling .62 acres. Constructed in 1965, the property features 26
short-term rental rooms, 3 apartment units, and a storage unit, providing a steady revenue
stream. Positioned approximately ±700 feet from the bustling Young Circle in Downtown
Hollywood, residents enjoy easy access to the area's ArtsPark Amphitheater. The Community
Redevelopment Agency's commitment to enhancing Young Circle, coupled with substantial
streetscape investments, underscores the neighborhood's urban growth. Subject property is 19 miles from Downtown Miami and 1.7 miles to I-95.
Downtown Hollywood is witnessing significant revitalization, with over $1.5 billion allocated to
ongoing and planned projects, including thousands of new residential units. Accessibility is a key
feature, with Federal Hwy seeing heavy traffic and Young Circle serving as a junction for multiple
highways. Zoned FH-2, the property allows for development up to 18 stories/190 feet, offering
potential for both single-use and mixed-use configurations with impressive floor area ratios.
Situated within the Community Redevelopment Agency (CRA) and designated as an
Opportunity Zone, The Hill Motel benefits from incentives for increased density and tax
advantages. Nearby developments such as 1818 Park, Nine Hollywood, and the upcoming Bread
Building and B57 North and South highlight the area's growth potential. As Hollywood's urban
landscape evolves, The Hill Motel presents a robust redevelopment opportunity with the ability to collect immediate revenue for those seeking healthy returns in a dynamic real estate market.
spread across two parcels totaling .62 acres. Constructed in 1965, the property features 26
short-term rental rooms, 3 apartment units, and a storage unit, providing a steady revenue
stream. Positioned approximately ±700 feet from the bustling Young Circle in Downtown
Hollywood, residents enjoy easy access to the area's ArtsPark Amphitheater. The Community
Redevelopment Agency's commitment to enhancing Young Circle, coupled with substantial
streetscape investments, underscores the neighborhood's urban growth. Subject property is 19 miles from Downtown Miami and 1.7 miles to I-95.
Downtown Hollywood is witnessing significant revitalization, with over $1.5 billion allocated to
ongoing and planned projects, including thousands of new residential units. Accessibility is a key
feature, with Federal Hwy seeing heavy traffic and Young Circle serving as a junction for multiple
highways. Zoned FH-2, the property allows for development up to 18 stories/190 feet, offering
potential for both single-use and mixed-use configurations with impressive floor area ratios.
Situated within the Community Redevelopment Agency (CRA) and designated as an
Opportunity Zone, The Hill Motel benefits from incentives for increased density and tax
advantages. Nearby developments such as 1818 Park, Nine Hollywood, and the upcoming Bread
Building and B57 North and South highlight the area's growth potential. As Hollywood's urban
landscape evolves, The Hill Motel presents a robust redevelopment opportunity with the ability to collect immediate revenue for those seeking healthy returns in a dynamic real estate market.
Property Details
- Class
- C
- Year Built
- 1965
- Stories
- 1
- Property Subtype
- Hotel
- Lot Size (sq. ft)
- 27,007 SF
- Units
- 26
Highlights
- Prime redevelopment potential on .62 acres in strategic Hollywood, FL location.
- Operating Motel with 30 total rooms, offering immediate revenue while undergoing permitting.
- FH-2 Zoning offers substantial development potential. Single-Use FAR 3.75, Mixed-Use FAR 4.75.
- Approx. 700ft from bustling Young Circle. A reported $1.5B in nearby projects set to drastically revitalize this submarket.
- Located within CRA and Opportunity Zone, offering increased density and favorable tax incentives.
- Great accessibility - Federal Hwy sees over 30,000 vpd. Young Circle features 7 street intersections, five of which serve as State/US highways.
Nearby Properties
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