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504 N 20th Ave - 50 Units Site Plan Approved 0.21 Acres of Commercial Land Offered at $2,500,000 in Hollywood, FL 33020
Investment Highlights
- Approved 50-Unit Development Project – Site plans in place for a 50-unit mixed-use development with residential and ground-floor commercial space.
- Strategic Development Site – ±18,112 SF parcel offering an exceptional opportunity for near-ready development in a growing corridor.
- Strong Location Appeal – Under 10 minutes to Downtown Fort Lauderdale, supporting strong long-term demand and growth potential.
- Flexible DH-3 Zoning – Zoned DH-3 (Dixie Zoning) allowing approximately 29,724 SF of residential and 846 SF of commercial space.
- Excellent Connectivity – Approximately 5 minutes to major highways and about 10 minutes to Fort Lauderdale–Hollywood International Airport.
Executive Summary
A rare opportunity positioned in a growing corridor, 504 N 20th Ave presents a development site with approved site plans for a 50-unit project. The property consists of approximately 18,112 SF of land and is zoned DH-3 (Dixie Zoning), allowing for a planned development of approximately 29,724 SF of residential space and 846 SF of commercial space. Ideally located approximately 10 minutes from Fort Lauderdale–Hollywood International Airport, 5 minutes to major highways, and under 10 minutes to Downtown Fort Lauderdale, the site offers excellent accessibility and strong future growth potential. This is a compelling opportunity for developers seeking an almost ready-to-build project in a high-demand market.
Financial Summary (Pro Forma - 2027) |
Annual | Annual Per AC |
|---|---|---|
| Gross Rental Income |
$1,413,600
|
$6,842,207.16
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$1,413,600
|
$6,842,207.16
|
| Taxes |
$391,458
|
$1,894,762.83
|
| Operating Expenses |
$163,260
|
$790,222.65
|
| Total Expenses |
$554,718
|
$2,684,985.48
|
| Net Operating Income |
$858,882
|
$4,157,221.68
|
Financial Summary (Pro Forma - 2027)
| Gross Rental Income | |
|---|---|
| Annual | $1,413,600 |
| Annual Per AC | $6,842,207.16 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per AC | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per AC | - |
| Effective Gross Income | |
|---|---|
| Annual | $1,413,600 |
| Annual Per AC | $6,842,207.16 |
| Taxes | |
|---|---|
| Annual | $391,458 |
| Annual Per AC | $1,894,762.83 |
| Operating Expenses | |
|---|---|
| Annual | $163,260 |
| Annual Per AC | $790,222.65 |
| Total Expenses | |
|---|---|
| Annual | $554,718 |
| Annual Per AC | $2,684,985.48 |
| Net Operating Income | |
|---|---|
| Annual | $858,882 |
| Annual Per AC | $4,157,221.68 |
Property Facts
| Price | $2,500,000 | Property Subtype | Commercial |
| Sale Type | Investment | Proposed Use | Apartment Units - Condo |
| No. Lots | 1 | Total Lot Size | 0.21 AC |
| Property Type | Land | ||
| Zoning | DH-3 - Dixie Highway High Intensity Mixed-Use District. | ||
| Price | $2,500,000 |
| Sale Type | Investment |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Commercial |
| Proposed Use | Apartment Units - Condo |
| Total Lot Size | 0.21 AC |
| Zoning | DH-3 - Dixie Highway High Intensity Mixed-Use District. |
1 Lot Available
Lot
| Price | $2,500,000 | Lot Size | 0.21 AC |
| Price Per AC | $12,099,974.83 |
| Price | $2,500,000 |
| Price Per AC | $12,099,974.83 |
| Lot Size | 0.21 AC |
9,000 SF corner development site at N 20th Ave & Fillmore St. Zoned DH-3 and approved for a 50-unit residential project.
1 1
Walk Score®
Walker's Paradise (92)
Bike Score®
Very Bikeable (72)
Property Taxes
| Parcel Number | 51-42-15-01-2310 | Total Assessment | $782,290 (2026) |
| Land Assessment | $64,730 (2026) | Annual Taxes | $391,458 |
| Improvements Assessment | $717,560 (2026) | Tax Year | 2027 |
Property Taxes
Parcel Number
51-42-15-01-2310
Land Assessment
$64,730 (2026)
Improvements Assessment
$717,560 (2026)
Total Assessment
$782,290 (2026)
Annual Taxes
$391,458
Tax Year
2027
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504 N 20th Ave - 50 Units Site Plan Approved
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