2247 Polk St - Residential LAND FOR SALE


Hollywood, FL 33020- North Central Hollywood1,751,112,000 SF
$3,600,000 USD
954-923-2325
2247 Polk St, Hollywood, FL for Sale
$3,600,000 USD
Residential LAND - FOR SALE
1/7
1,751,112,000 SF

2247 Polk St
Hollywood, FL 33020
North Central Hollywood


HIGHLIGHTS

  • A unique combination of favorable zoning, strong rental demand, and attractive land value
  • Covered Land Play | 3 Contiguous Lots | 40,200 SF | Build +/- 90 Units
  • East Hollywood has become one of South Florida's most active urban infill redevelopment markets
  • In-Place Income | PGI - $321,276 | NOI - $171,328

OVERVIEW

REDEVELOPMENT OPPORTUNITY WITH OWNER FINANCING | 40,200 SF, three parcel assemblage containing a 10plex, a 3plex and a single family home. It is estimated that the sites highest and best use is a 90 residential development in close proximity to the urban redevelopment core of downtown Hollywood. For qualified purchasers, the seller will consider providing a purchase money mortgage with a below market interest rate with a 40% down payment. Hollywood's Urban Renaissance: Why the Downtown Core Is Emerging as One of Broward County's Most Compelling Redevelopment Stories For decades, Downtown Hollywood was overshadowed by Hollywood Beach to the east and the major employment centers of Fort Lauderdale and Miami. Today, that dynamic is changing rapidly. The city has quietly become one of South Florida's most active urban infill redevelopment markets, driven by public infrastructure investment, transit accessibility, favorable zoning, and a growing pipeline of mixed-use and multifamily projects. More than 3,500 residential units have been approved or are under construction in and around Downtown Hollywood and its major corridors, creating a critical mass that is reshaping the city's urban core. The subject property provides a $321,276 gross income and a $180,655 NOI. Positioned in the Path of South Broward's Urban Renaissance Downtown Hollywood has emerged as one of South Florida's most compelling redevelopment markets, offering a unique combination of favorable zoning, strong rental demand, and land values that remain attractive relative to more mature urban cores such as Brickell, Wynwood, Downtown Fort Lauderdale, and Flagler Village. Driven by a growing population of young professionals, healthcare workers, hospitality employees, airport-related businesses, and Miami commuters seeking affordability, the area continues to experience sustained multifamily demand. Combined with the walkability of Young Circle, ArtsPark, downtown dining and entertainment, and proximity to Hollywood Beach, the district offers the lifestyle amenities increasingly sought by today's renters. Equally significant is the ongoing transformation occurring immediately south along the Federal Highway corridor in Hallandale Beach. As new mixed-use, multifamily, hospitality, and commercial developments continue to reshape Hallandale's urban core, the redevelopment momentum between Downtown Hollywood and Aventura is creating a continuous South Broward growth corridor.

FOR SALE DETAILS

PRICE

$3,600,000 USD

PRICE/ACRE

$90/AC

PRICE/SF

$0.0021 USD /SF

# OF LOTS

-

LAND DETAILS

PROPERTY NAME

3 Contiguous Lots | .92 Acres

PROPERTY TYPE

Land

PROPERTY SUBTYPE

Residential

LAND PROPOSED USE

Apartment Units

LAND ACRES

40200 AC

LAND SF

1,751,112,000 SF

OFFSITE IMPROVEMENTS

Water, Electricity, Gas, Streets, Curb/Gutter/Sidewalk, Cable, Telephone, Irrigation

ZONING

DH-2

APN/PARCEL ID

-

ASK ABOUT THIS PROPERTY

Peter DackoMedia RealtyMore Info
954-923-2325

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Peter DackoMedia RealtyMore Info
954-923-2325

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.