For Sale
$4,450,000

2741 Polk StHollywood, FL 33020

Prime 1.38-acre development land in Hollywood, FL.

Overview

Added:
Dec 11, 2024
Days on market:
118
This exceptional 1.38-acre (60,024 sq ft) land parcel in Hollywood, Florida, presents a remarkable opportunity for multifamily development. Zoned TC-1/MC-1, it boasts complete approvals for a 90-unit boutique apartment complex, comprising two four-story buildings, each with 45 units. The approved plans encompass approximately 79,000 square feet of development, yielding 66,312 square feet of net leasable residential space and 110 parking spots. The project is "shovel-ready," allowing for immediate commencement of construction upon acquisition. Currently generating over $15,000 in monthly income from existing month-to-month tenants, this property offers immediate revenue potential while development plans are underway. Located at 2741 Polk St, Hollywood, FL 33020, this site benefits from its proximity to major highways and transportation hubs, providing convenient access to Miami and Fort Lauderdale. The asking price is $4,450,000. This is a truly unique opportunity to capitalize on the thriving Hollywood real estate market. The unit mix includes a combination of one- and two-bedroom apartments.

Highlights

  • 90-unit multifamily property with a mix of one- and two-bedroom units.
  • Two four-story buildings totaling 79,000 square feet.
  • 66,312 square feet of net leasable residential space.
  • 110 parking spaces.

Property Details for 2741 Polk St

Property type
Land

Location Insight

City
Hollywood
County
Broward
State
Florida
Latitude
26.012262148384
Longitude
-80.162849349368
2741 Polk St, Hollywood, Florida

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2741 Polk St
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