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2035 Monroe St - 2035 Monroe St, Hollywood, FL 33020-5025 0.25 Acres of Commercial Land Offered at $2,300,000 in Hollywood, FL 33020
INVESTMENT HIGHLIGHTS
- Shovel-ready multifamily redevelopment opportunity in Downtown Hollywood’s Parkside neighborhood
- Planned 32-unit multifamily project with strong walkability to Young Circle, transit, dining, and nightlife
- Located within a federally designated Opportunity Zone offering tax-advantaged investment potential
EXECUTIVE SUMMARY
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.
PROPERTY FACTS
| Price | $2,300,000 | Property Subtype | Commercial |
| Sale Type | Investment | Proposed Use | Multifamily |
| No. Lots | 1 | Total Lot Size | 0.25 AC |
| Property Type | Land | Opportunity Zone |
Yes
|
| Price | $2,300,000 |
| Sale Type | Investment |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Commercial |
| Proposed Use | Multifamily |
| Total Lot Size | 0.25 AC |
| Opportunity Zone |
Yes |
1 LOT AVAILABLE
Lot
| Price | $2,300,000 | Lot Size | 0.25 AC |
| Price Per AC | $9,175,592.92 |
| Price | $2,300,000 |
| Price Per AC | $9,175,592.92 |
| Lot Size | 0.25 AC |
Shovel-ready multifamily development site in Central Hollywood’s Parkside neighborhood within an Opportunity Zone. Planned 32-unit project offering walkable access to Downtown, Young Circle, transit, and continued public and private investment.
DESCRIPTION
2035 Monroe St presents a prime, shovel-ready multifamily redevelopment opportunity located in Central Hollywood, Florida, within the desirable Parkside neighborhood and a federally designated Opportunity Zone. The site offers developers and investors a rare combination of infill scale, walkable urban location, and long-term, tax-advantaged upside. The planned development consists of a 32-unit multifamily building featuring a diversified mix of 1-, 2-, and 3-bedroom residences along with penthouse units, totaling approximately 32,000 square feet of livable residential space. Architectural concepts illustrate a modern residential project designed to meet sustained demand for high-quality rental housing in Downtown Hollywood. The surrounding submarket demonstrates strong rental performance, with comparable new construction properties achieving rents beginning around $2,400 per month. Continued redevelopment around Young Circle, expanding residential density, and anticipated transit improvements further enhance the site’s long-term investment profile. This offering is ideally suited for multifamily developers and Opportunity Zone investors seeking a centrally located, shovel-ready redevelopment site in one of Broward County’s most active and rapidly evolving urban corridors.
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2035 Monroe St - 2035 Monroe St, Hollywood, FL 33020-5025
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