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2243 Polk Street

Hollywood, FL 33020
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SqFt40,076

Sqft(Lot)

REDEVELOPMENT OPPORTUNITY WITH OWNER FINANCING | 40,200 SF, three parcel assemblage containing a 10plex, a 3plex and a single family home. It is estimated that the sites highest and best use is a 90 residential development in close proximity to the urban redevelopment core of downtown Hollywood. For qualified purchasers, the seller will consider providing a purchase money mortgage with a below market interest rate with a 40% down payment. Hollywood's Urban Renaissance: Why the Downtown Core Is Emerging as One of Broward County's Most Compelling Redevelopment Stories For decades, Downtown Hollywood was overshadowed by Hollywood Beach to the east and the major employment centers of Fort Lauderdale and Miami. Today, that dynamic is changing rapidly. The city has quietly become one of Sout RED EVELOPMENT OPPORTUNITY WITH OWNER FINANCING | 40,200 SF, three parcel assemblage containing a 10plex, a 3plex and a single family home. It is estimated that the sites highest and best use is a 90 residential development in close proximity to the urban redevelopment core of downtown Hollywood. For qualified purchasers, the seller will consider providing a purchase money mortgage with a below market interest rate with a 40% down payment. Hollywood's Urban Renaissance: Why the Downtown Core Is Emerging as One of Broward County's Most Compelling Redevelopment Stories For decades, Downtown Hollywood was overshadowed by Hollywood Beach to the east and the major employment centers of Fort Lauderdale and Miami. Today, that dynamic is changing rapidly. The city has quietly become one of South Florida's most active urban infill redevelopment markets, driven by public infrastructure investment, transit accessibility, favorable zoning, and a growing pipeline of mixed-use and multifamily projects. More than 3,500 residential units have been approved or are under construction in and around Downtown Hollywood and its major corridors, creating a critical mass that is reshaping the city's urban core. The subject property provides a $321,276 gross income and a $180,655 NOI. Positioned in the Path of South Broward's Urban Renaissance Downtown Hollywood has emerged as one of South Florida's most compelling redevelopment markets, offering a unique combination of favorable zoning, strong rental demand, and land values that remain attractive relative to more mature urban cores such as Brickell, Wynwood, Downtown Fort Lauderdale, and Flagler Village. Driven by a growing population of young professionals, healthcare workers, hospitality employees, airport-related businesses, and Miami commuters seeking affordability, the area continues to experience sustained multifamily demand. Combined with the walkability of Young Circle, ArtsPark, downtown dining and entertainment, and proximity to Hollywood Beach, the district offers the lifestyle amenities increasingly sought by today's renters. Equally significant is the ongoing transformation occurring immediately south along the Federal Highway corridor in Hallandale Beach. As new mixed-use, multifamily, hospitality, and commercial developments continue to reshape Hallandale's urban core, the redevelopment momentum between Downtown Hollywood and Aventura is creating a continuous South Broward growth corridor.

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Detail Ic Property Details

Property Type : Land

Price : $3,600,000

AD Id : 79729385

MLS Id : B26035431

Lot Size : 40,076 Sqft(Lot)

County : Broward

Subdivision: Hollywood Little Ranches

  • Map Map

Map

Feature Features

  • Exterior Features

    Exterior Features: Shed

  • Lot Information

    Lot Dimensions: 200x206 Main Square Feet: 40076 Lot Size Acres: 0.92 Lot Size Square Feet: 40,076 Lot Description: LessThanOneAcre

    Property Information

    Subdivision: HOLLYWOOD LITTLE RANCHES Source Property Type: Land MLS Area Minor: Hollywood East (3010-3050) Postal Code Plus 4: 6712 Zoning Description: DH-2 Property SubType: Commercial Direction Faces: South

  • Listing Price Information

    Listing Price: $3600000
    Cash, Conventional, Exchange1031, OwnerMayCarry, OwnerMayCarrySecond

  • Tax Information

    Parcel Number: 514216013470 Tax Year: 2025 Annual Tax: $39086 Tax Legal Desc: HOLLYWOOD LITTLE RANCHES 1-26 B LOT 6 BLK 8

  • School Information

    Elementary School: Oakridge Junior High School: Olsen Senior High School: South Broward
  • Utility Information

    CableAvailable, ElectricityAvailable, NaturalGasAvailable, PhoneAvailable, WaterAvailable
  • Location Information

    WaterSource: Public
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Nearby Home Value

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Pierce Street, Hollywood, FL, 33020 $900,000 -- -- -- 16,553 Sqft(Lot)
2235 Polk Street, Hollywood, FL, 33020 $1,750,000 -- -- -- 20,515 Sqft(Lot)
826 N Dixie Hwy, Hollywood, FL, 33020 $2,500,000 -- -- -- 6,008 Sqft(Lot)
2531 Pierce Street, Hollywood, FL, 33020 $697,500 -- -- -- 15,393 Sqft(Lot)

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ByOwner last updated this listing 06/20/2026 @ 17:35

MLS: B26035431 LISTED BY: Peter Dacko, Media Realty 954-923-2325 SOURCE: SEFMIAMI

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