Your email has been sent.
2455 Polk St - THE LEISURE 0.47 Acres of Residential Land Offered at $2,189,750 in Hollywood, FL 33020
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
EXECUTIVE SUMMARY
FINANCIAL SUMMARY (PRO FORMA - 2025) |
ANNUAL | ANNUAL PER AC |
|---|---|---|
| Gross Rental Income |
$996,000
|
$2,116,447.09
|
| Other Income |
-
|
-
|
| Vacancy Loss |
$49,800
|
$105,822.35
|
| Effective Gross Income |
$946,200
|
$2,010,624.73
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$298,800
|
$634,934.13
|
| Net Operating Income |
$647,400
|
$1,375,690.61
|
FINANCIAL SUMMARY (PRO FORMA - 2025)
| Gross Rental Income | |
|---|---|
| Annual | $996,000 |
| Annual Per AC | $2,116,447.09 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per AC | - |
| Vacancy Loss | |
|---|---|
| Annual | $49,800 |
| Annual Per AC | $105,822.35 |
| Effective Gross Income | |
|---|---|
| Annual | $946,200 |
| Annual Per AC | $2,010,624.73 |
| Taxes | |
|---|---|
| Annual | - |
| Annual Per AC | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per AC | - |
| Total Expenses | |
|---|---|
| Annual | $298,800 |
| Annual Per AC | $634,934.13 |
| Net Operating Income | |
|---|---|
| Annual | $647,400 |
| Annual Per AC | $1,375,690.61 |
PROPERTY FACTS
| Price | $2,189,750 | Property Subtype | Residential |
| Sale Type | Investment | Proposed Use | |
| No. Lots | 1 | Total Lot Size | 0.47 AC |
| Property Type | Land | ||
| Zoning | MC-1 - MULTI-FAMILY RESIDENTIAL CORE | ||
| Price | $2,189,750 |
| Sale Type | Investment |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Residential |
| Proposed Use | |
| Total Lot Size | 0.47 AC |
| Zoning | MC-1 - MULTI-FAMILY RESIDENTIAL CORE |
1 LOT AVAILABLE
Lot
| Price | $2,189,750 | Lot Size | 0.47 AC |
| Price Per AC | $4,652,954.11 |
| Price | $2,189,750 |
| Price Per AC | $4,652,954.11 |
| Lot Size | 0.47 AC |
Development opportunity, a fully entitled 20,500 SQFT lot. This MC-1 zoned site is shovel-ready, with approved plans and permits for a 3-story, 30-unit multi-family building.
DESCRIPTION
We’re pleased to present a rare shovel-ready development opportunity in the heart of Downtown Hollywood. This fully entitled 20,500 SF MC-1 zoned lot comes with approved construction plans and permits for a 3-story, 30-unit multifamily building. The project includes a mix of spacious 1- and 2-bedroom units, a rooftop deck with open-air pool, landscaped green space with BBQ area, and 44 covered parking spaces plus bicycle parking. Located just a 10-minute walk from Young Circle and an 8-minute drive to Hollywood Beach, this site offers unbeatable access to restaurants, arts, transit (US-1, I-95), and year-round coastal lifestyle.All reports completed — geotechnical, zoning, site plan approval — allowing a buyer to close with permits in hand and begin construction immediately. This is a rare chance to develop in one of South Florida’s fastest-growing urban corridors with strong rental demand and long-term upside.
PROPERTY TAXES
| Parcel Number | 51-42-16-01-6470 | Improvements Assessment | $0 |
| Land Assessment | $1,128,330 | Total Assessment | $1,128,330 |
PROPERTY TAXES
Presented by
Uniconte LLC
2455 Polk St - THE LEISURE
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.