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- LoopNet Team
2246 Monroe St
Hollywood, FL 33020
THE ROE · Land For Sale
·
0.35 AC
INVESTMENT HIGHLIGHTS
- Hollywood is booming with over $1.5B in real estate development surrounding Young Circle in 2024
- Strong local school district and family-friendly amenities;
- Area upgrades include Young Circle redesign, beachfront boardwalk expansion, and new transit infrastructure
- Rapidly growing rental market with new leases surpassing $3/SQFT. New construction condo sales exceeding $625/SQFT
- Located in a well-established residential community surrounded by homes valued up to $7M+. 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
PROPERTY FACTS
| Property Type | Land | Proposed Use | |
| Property Subtype | Residential | Total Lot Size | 0.35 AC |
| Zoning | DH-2 - Dixie Highway Medium Intensity Multi-Family District | ||
| Property Type | Land |
| Property Subtype | Residential |
| Proposed Use | |
| Total Lot Size | 0.35 AC |
| Zoning | DH-2 - Dixie Highway Medium Intensity Multi-Family District |
DESCRIPTION
We are excited to present a rare development opportunity at 2246 Monroe St, a fully entitled 15,387 SQFT lot in the heart of Hollywood, FL. This DH-2 zoned site (Dixie Highway Medium Intensity Multi-Family District) is shovel-ready, with approved plans and permits for a 4-story, 27-unit multi-family building. The development plan includes: - 1, 2, and 3-bedroom spacious units - Rooftop deck with open-air pool - Green space amenity with sun deck, BBQ area, and lounge zone - Fitness center - 34 covered parking spaces + bicycle parking Reports & Approvals: - Approved construction plans available - Full geotechnical investigation completed - Zoning and permitting confirmed for immediate build-out - Close with permit in hands, start construction next day Unbeatable Location: - 5-minute walk to Young Circle City Center – restaurants, grocery stores, arts park & entertainment - 8-minute drive to the famous Hollywood Beach - Easy access to US-1 and I-95 - Strong local school district and family-friendly amenities This is a rare chance to develop in one of South Florida’s most dynamic growth zones. Reach out today to receive full plans, reports, and schedule a site visit.
