2455 Polk St - Residential LAND FOR SALE


Hollywood, FL 33020- North Central Hollywood20,499 SF
$2,174,500 USD
312-423-7934
2455 Polk St, Hollywood, FL for Sale
$2,174,500 USD
Residential LAND - FOR SALE
1/14
20,499 SF

2455 Polk St
Hollywood, FL 33020
North Central Hollywood


HIGHLIGHTS

  • ?With conventional financing, an investor could achieve 111% of Net Investment Return
  • Rapidly growing rental market with new leases surpassing $3/SQFT; New construction condo sales exceeding $700/SQFT
  • Located in a well-established residential community surrounded by homes valued up to $7M+
  • Strong local school district and family-friendly amenities; Steady home price growth for 12 consecutive years
  • Home values in Florida have surged by 164% over the past decade - jumping from an average of $144,464 in 2013 to $381,922 in 2023
  • Hollywood is booming with over $1.5B in real estate development surrounding Young Circle

OVERVIEW

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.?

FOR SALE DETAILS

PRICE

$2,174,500 USD

PRICE/ACRE

$4,620,550/AC

PRICE/SF

$106 USD /SF

# OF LOTS

-

LAND DETAILS

PROPERTY NAME

THE LEISURE | 111% ROI

PROPERTY TYPE

Land

PROPERTY SUBTYPE

Residential

LAND PROPOSED USE

Multi-Family, Apartment Units, Apartment Units - Condo, Planned Unit Development

LAND ACRES

0.47 AC

LAND SF

20,500 SF

OFFSITE IMPROVEMENTS

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

ZONING

MC-1

APN/PARCEL ID

51-42-16-01-6470

ASK ABOUT THIS PROPERTY

Anastasiia LytvynUniconte LLCMore Info
312-423-7934

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Anastasiia LytvynUniconte LLCMore Info
312-423-7934

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