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2235 Polk St
Hollywood, FL 33020
Land For Sale
·
0.47 AC
Investment Highlights
- Build up to 45 units - Contiguous third lot is available for purchase to increase density to 90 units.
- Owner Financing : Qualified purchasers may benefit from owner financing offered at a below-market interest rate.
- Significant development is already underway along Polk Street, underscoring the submarket’s strong demand for new housing inventory.
Executive Summary
Property Facts
| Sale Type | Investment | Property Type | Land |
| Sale Condition | Redevelopment Project | Property Subtype | Commercial |
| No. Lots | 1 | Total Lot Size | 0.47 AC |
| Zoning | DH-2 - DH-2 | 1.75 FAR | ||
| Sale Type | Investment |
| Sale Condition | Redevelopment Project |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Commercial |
| Total Lot Size | 0.47 AC |
| Zoning | DH-2 - DH-2 | 1.75 FAR |
1 Lot Available
Lot
| Price | $1,400,000 | Lot Size | 0.47 AC |
| Price Per AC | $2,972,651.61 |
| Price | $1,400,000 |
| Price Per AC | $2,972,651.61 |
| Lot Size | 0.47 AC |
REDEVELOPMENT OPPORTUNITY WITH OWNER FINANCING | 20,515 SF, two parcel assemblage containing a 3plex and a single-family home. It is estimated that the sites highest and best use is a 45 residential development
Description
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.
