Prime Redevelopment Opportunity 2 Land Properties Offered at $1,400,000 in Hollywood, FL

The combined offering of 411 Columbus Parkway and 2322 Johnson Street presents a compelling chance for investors and developers to acquire a well-located assemblage in the heart of Hollywood, Florida. Totaling approximately 0.86 acres across two contiguous parcels, the site provides a rare blend of current income stability and meaningful long-term redevelopment potential in a rapidly strengthening submarket.
Situated just minutes from I-95, the properties benefit from exceptional regional connectivity and strong demand drivers, supported by consistent renter activity and a mix of residential and commercial uses in the immediate area. The parcels fall within the SR7 RM-18 zoning designation, allowing for multifamily development of up to eighteen dwelling units per acre, creating an ideal framework for repositioning into higher-density housing or a modernized rental community aligned with Hollywood’s ongoing growth trends.
For buyers who prioritize optionality, the existing seven units with long-term tenants generate reliable cash flow that can support a strategic hold while entitlements, planning, and design work are pursued. Alternatively, the land can be leveraged immediately for ground-up construction, offering a clean slate for developers seeking to maximize density, implement contemporary layouts, and capitalize on strong local absorption.
With flexible zoning, exceptional proximity to major transportation corridors, and dual value from both cash-flowing operations and future redevelopment upside, this portfolio stands as an excellent opportunity for investors focused on long-term growth in one of South Florida’s most resilient markets.