$2,174,500Active

2455 Polk Street, Hollywood, FL 33020

Hollywood, FL 33020

Sq Ft

0.47 acres

Lot Size

Listing Snapshot

List Price	$2,174,500
Beds	0
Baths	0
Living Area	0 sqft
Lot Size	0.47 acres

Property Tax	$17,186/yr
MLS #	1177628783
Status	Active

About This Home

We’re pleased to present a rare shovel-ready development opportunity in the heart of Downtown Hollywood. This fully entitled 20,500 SF MC-1 zoned lot comes with approved construction plans and permits for a 3-story, 30-unit multifamily building. The project includes a mix of spacious 1- and 2-bedroom units, a rooftop deck with open-air pool, landscaped green space with BBQ area, and 42 covered parking spaces plus bicycle parking. With conventional financing, an investor could achieve 111% of Net Investment Return. Located just a 10-minute walk from Young Circle and an 8-minute drive to Hollywood Beach, this site offers unbeatable access to restaurants, arts, transit (US-1, I-95), and year-round coastal lifestyle. All reports completed — geotechnical, zoning, site plan approval — allowing a buyer to close with permits in hand and begin construction immediately.

General Features

Property Type: Land
Sub-type: UnimprovedLand
Zoning: MC-1
Utilities: CableAvailable,ElectricityAvailable,NaturalGasAvailable,PhoneAvailable,SewerAvailable,TrashCollection,WaterAvailable
Subdivision: HOLLYWOOD LITTLE RANCHES