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Prime Redevelopment Opportunity 2 Land Properties Offered at $1,400,000 in Hollywood, FL
Investment Highlights
- Dual-parcel assemblage offering income today and strategic redevelopment upside
- Strong location minutes from I-95 with consistent local renter demand
- RM-18 zoning supports increased density and multifamily construction and DH-2 zoning allows single and multifamily along with many commercial uses
- Opportunity to reposition, replan, or fully redevelop to maximize long-term value
Executive Summary
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 parcels, the sites provide 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. 411 Columbus Pkwy falls within SR7 RM-18 zoning designation, allowing for multifamily development of up to eighteen dwelling units per acre and 2322 Johnson Street is zoned DH-2, supporting single and multifamily along with various commercial uses, such as professional office, schools, places of worship and more.
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.
Please DO NOT disturb tenants. Call/Text Cami at 561-664-0139 for the offering memorandum, or to schedule a showing.
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. 411 Columbus Pkwy falls within SR7 RM-18 zoning designation, allowing for multifamily development of up to eighteen dwelling units per acre and 2322 Johnson Street is zoned DH-2, supporting single and multifamily along with various commercial uses, such as professional office, schools, places of worship and more.
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.
Please DO NOT disturb tenants. Call/Text Cami at 561-664-0139 for the offering memorandum, or to schedule a showing.
Property Facts
| Price | $1,400,000 | Number of Properties | 2 |
| Sale Condition | Redevelopment Project | Individually For Sale | 0 |
| Sale Type | Investment | Total Land Area | 0.86 AC |
| Status | Active |
| Price | $1,400,000 |
| Sale Condition | Redevelopment Project |
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 2 |
| Individually For Sale | 0 |
| Total Land Area | 0.86 AC |
Properties
| Property Name / Address | Property Type | Size | Individual Price |
|---|---|---|---|
| 411 Columbus Pky, Hollywood, FL 33021 | Land | 0.62 AC | - |
| 2322 Johnson St, Hollywood, FL 33020 | Land | 0.24 AC | - |
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