2455 Polk St, Hollywood, FL 33020

$2,174,500

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List Price
$2,174,500
MLS#
A12056911
Status
ACTIVE
Type
Commercial

Property Description

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.

Additional Information

Days on Market
7
Tax Amount
$17,186
Parcel Number
514216016470
Lot Size
20,515
Address
2455 Polk St, Hollywood
Development Name
Hollywood Little Ranches
Development
Hollywood Little Ranches
Section
16

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Listing Courtesy of Trybal Group LLC, Contact: