The seller is offering a rare infill multifamily redevelopment opportunity located at 2035 Monroe St in the heart of Downtown Hollywood’s Parkside neighborhood. The property is positioned within a federally designated Opportunity Zone, making it especially attractive to investor-driven buyers seeking long-term, tax-advantaged growth in one of South Florida’s most active urban submarkets.
The site is planned for a 32-unit multifamily development, featuring a mix of 1-, 2-, and 3-bedroom residences and penthouse units, with approximately 32,000 square feet of livable residential space. Architectural concepts are in place, providing a clear development path and allowing a buyer to move efficiently toward execution. The project is designed to meet sustained demand for high-quality rental housing in a walkable, transit-oriented downtown environment.
The Parkside neighborhood has become a focal point for new residential development due to its proximity to Young Circle, Downtown Hollywood’s restaurants, nightlife, cultural institutions, and planned infrastructure improvements. The property also benefits from excellent regional connectivity, with convenient access to Hollywood Beach, I-95, and Fort Lauderdale–Hollywood International Airport, as well as walkable access to the anticipated Downtown train station.
Market fundamentals remain strong, with newly constructed multifamily properties in the immediate area achieving market rents starting around $2,400 per month, supporting attractive projected revenue and long-term value creation. Continued public and private investment throughout Downtown Hollywood further strengthens the investment thesis.
This offering is ideally suited for multifamily developers, Opportunity Zone funds, and institutional or private investors seeking a centrally located, shovel-ready redevelopment site with scale, walkability, and durable long-term upside in Broward County.