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1932 Dewey St - Prime Development Site – Zoned for 18 Units 0.25 Acres of Commercial Land Offered at $899,000 in Hollywood, FL 33020
INVESTMENT HIGHLIGHTS
- Zoned PS-1 – allows multifamily up to medium density
- Existing homes generate rental income ($2,100 + $2,000/month)
- Concept for 4 stories, 20 parking spaces, and up to 18 units
EXECUTIVE SUMMARY
Architectural study indicates a concept for a four-story building with 20 parking spaces on the ground level and residential units on floors 2–4.
The site consists of two parcels: 5142-22-10-1080 (1928 Dewey St) and 5142-22-10-1090 (1932 Dewey St) — both zoned PS-1, allowing multifamily construction.
Located in a rapidly developing neighborhood surrounded by several new multifamily projects on nearby and parallel streets, this site benefits from strong rental demand and population growth.
Just minutes from Downtown Hollywood, ArtsPark, beaches, and major highways, this property offers an ideal opportunity for builders or investors seeking a boutique, high-yield project in one of South Florida’s most dynamic growth areas.
FINANCIAL SUMMARY (ACTUAL - 2024) |
ANNUAL | ANNUAL PER AC |
|---|---|---|
| Gross Rental Income |
$49,200
|
$197,908.29
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$49,200
|
$197,908.29
|
| Net Operating Income |
-
|
-
|
FINANCIAL SUMMARY (ACTUAL - 2024)
| Gross Rental Income | |
|---|---|
| Annual | $49,200 |
| Annual Per AC | $197,908.29 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per AC | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per AC | - |
| Effective Gross Income | |
|---|---|
| Annual | $49,200 |
| Annual Per AC | $197,908.29 |
| Net Operating Income | |
|---|---|
| Annual | - |
| Annual Per AC | - |
PROPERTY FACTS
| Price | $899,000 | Property Subtype | Commercial |
| Sale Type | Investment | Proposed Use | Multifamily |
| No. Lots | 1 | Total Lot Size | 0.25 AC |
| Property Type | Land | Opportunity Zone |
Yes
|
| Zoning | PS-1 - Zoned PS-1 allowing multifamily up to medium density. Concept for 4 stories, 20 parking spaces, 18 units total. | ||
| Price | $899,000 |
| Sale Type | Investment |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Commercial |
| Proposed Use | Multifamily |
| Total Lot Size | 0.25 AC |
| Opportunity Zone |
Yes |
| Zoning | PS-1 - Zoned PS-1 allowing multifamily up to medium density. Concept for 4 stories, 20 parking spaces, 18 units total. |
1 LOT AVAILABLE
Lot LOT 23–24
| Price | $899,000 | Lot Size | 0.25 AC |
| Price Per AC | $3,616,585.61 |
| Price | $899,000 |
| Price Per AC | $3,616,585.61 |
| Lot Size | 0.25 AC |
Two adjacent lots totaling 10,836 sq ft (0.25 acres) zoned PS-1 for multifamily use. Concept shows potential for up to 18 units, 4 stories, and 20 parking spaces.
DESCRIPTION
Prime development opportunity in East Hollywood — featuring two adjacent lots totaling approximately 10,836 sq ft (0.25 acres). Zoned PS-1, the site allows multifamily construction up to medium density, making it ideal for developers or investors. An architectural concept study indicates potential for up to 18 residential units across four stories, with 20 parking spaces on the ground floor and living units on floors 2 through 4. The lots measure approximately 100 ft of frontage by 108 ft of depth, providing excellent design flexibility. Both parcels — 51-42-22-10-1080 (1928 Dewey St) and 51-42-22-10-1090 (1932 Dewey St) — are located in a rapidly growing neighborhood, surrounded by several new multifamily developments on parallel and nearby streets. Utilities are available to site, and the area continues to attract strong rental demand and investor interest. Just minutes from Downtown Hollywood, ArtsPark, Young Circle, beaches, and major highways, this property offers an incredible opportunity to build a modern multifamily project in one of South Florida’s most desirable emerging markets.
PROPERTY TAXES
| Parcel Number | 51-42-22-10-1080 | Improvements Assessment | $0 (2025) |
| Land Assessment | $324,840 (2025) | Total Assessment | $324,840 (2025) |
PROPERTY TAXES
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1932 Dewey St - Prime Development Site – Zoned for 18 Units
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