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2021-2027 Jefferson St - 53-Unit Shovel-Ready Development Opportunity 0.37 Acres of Residential Land Offered at $2,775,000 in Hollywood, FL 33020
Investment Highlights
- Shovel-Ready Development Site – Fully approved with permits in place for an 8-story, 53-unit residential building.
- 48,000 SF Buildable Potential – Flexible development opportunity for residential or mixed-use project.
- Excellent Accessibility – Close to major roadways, public transit, shopping, dining, and entertainment, supporting strong residential demand.
- High-Density Zoning – DH-3 zoning with a 3.0 FAR, allowing up to 10 stories of vertical development.
- Prime Hollywood Location – Positioned at 2021–2027 Jefferson St with quick access to Downtown Hollywood and Hollywood Beach.
- Income While Planning Development – Currently operating as a multifamily generating over $10K/month, providing holding income until construction begin
Executive Summary
Located at 2021 and 2027 Jefferson Street, the property is zoned DH-3 with a 3.0 FAR, offering the potential for vertical development of up to 10 stories. The site is fully approved (shovel ready) and comes with permits in place for an 8-story, 53-unit residential building, making it an ideal opportunity for developers looking to capitalize on the growing demand in this rapidly expanding area. With a total buildable area of 48,000 SF, the site provides exceptional flexibility for future growth. Perfectly positioned with easy access to downtown Hollywood, the beach, major roadways, and public transit, this property offers unbeatable visibility, accessibility, and convenience for both residents and investors.
Financial Summary (Pro Forma - 2026) |
Annual | Annual Per AC |
|---|---|---|
| Gross Rental Income |
$1,675,200
|
$4,527,567.57
|
| Other Income |
$65,000
|
$175,675.68
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$1,740,200
|
$4,703,243.24
|
| Taxes |
$280,000
|
$756,756.76
|
| Operating Expenses |
$284,000
|
$767,567.57
|
| Total Expenses |
$564,000
|
$1,524,324.32
|
| Net Operating Income |
$1,176,200
|
$3,178,918.92
|
Financial Summary (Pro Forma - 2026)
| Gross Rental Income | |
|---|---|
| Annual | $1,675,200 |
| Annual Per AC | $4,527,567.57 |
| Other Income | |
|---|---|
| Annual | $65,000 |
| Annual Per AC | $175,675.68 |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per AC | - |
| Effective Gross Income | |
|---|---|
| Annual | $1,740,200 |
| Annual Per AC | $4,703,243.24 |
| Taxes | |
|---|---|
| Annual | $280,000 |
| Annual Per AC | $756,756.76 |
| Operating Expenses | |
|---|---|
| Annual | $284,000 |
| Annual Per AC | $767,567.57 |
| Total Expenses | |
|---|---|
| Annual | $564,000 |
| Annual Per AC | $1,524,324.32 |
| Net Operating Income | |
|---|---|
| Annual | $1,176,200 |
| Annual Per AC | $3,178,918.92 |
Property Facts
1 Lot Available
Lot 10,11,12
| Price | $2,775,000 | Lot Size | 0.37 AC |
| Price Per AC | $7,500,000.00 |
| Price | $2,775,000 |
| Price Per AC | $7,500,000.00 |
| Lot Size | 0.37 AC |
16,354 SF development lot at 2021–2027 Jefferson St zoned DH-3 with a 3.0 FAR, allowing for high-density residential or mixed-use development. Ideal infill opportunity for investors or developers
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Very walkable
80/100
Moderately drivable
60/100
Limited public transit
30/100
Moderately bikeable
60/100
Property Taxes
| Parcel Number | 51-42-15-01-0440 | Total Assessment | $975,920 |
| Land Assessment | $76,320 | Annual Taxes | $280,000 |
| Improvements Assessment | $899,600 | Tax Year | 2026 |
Property Taxes
Parcel Number
51-42-15-01-0440
Land Assessment
$76,320
Improvements Assessment
$899,600
Total Assessment
$975,920
Annual Taxes
$280,000
Tax Year
2026
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2021-2027 Jefferson St - 53-Unit Shovel-Ready Development Opportunity
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