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2323 Polk Street

Hollywood, FL 33020
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Acres0.47

Acre(Lot)

Exceptional development opportunity at 2323 Polk Street, Hollywood, FL. Approved plans for a 4-story, 27-unit multifamily project located within the Regional Activity Center (DH-2 zoning), recently approved by the City of Hollywood Planning and Development Board. The project is thoughtfully designed for efficiency, featuring mostly 2BR/2BA units and 56 total parking spaces, including standard, ADA, tandem, and mechanical lifts—an uncommon advantage in the submarket. The area is predominantly rental-focused, creating a rare opportunity for a condo-oriented or ownership-ready product. Ideal for developers or builders seeking a near shovel-ready project while avoiding the time and cost of entitlements. Offering Memorandum available; plans and additional documentation upon request. 2323 Polk S treet presents a compelling development opportunity for investors, developers, and builders seeking a multifamily project in a strategically positioned Hollywood submarket. The property is located within the Regional Activity Center (DH-2 zoning) and is approved for a 4-story, 27-unit multifamily building. The project has recently received approval from the City of Hollywood Planning and Development Board, representing a major milestone in the development process and significantly reducing entitlement risk.The project has been deliberately designed with a profit-driven, efficiency-focused approach. Unlike many nearby developments that emphasize extensive common areas, luxury amenities, and smaller unit layouts, this building prioritizes functionality, livability, and market demand. The unit mix is predominantly 2-bedroom, 2-bathroom residences, a sharp contrast to surrounding projects that largely offer 1-bedroom units. This configuration appeals strongly to end users, families, roommates, and long-term tenants, supporting higher absorption and retention.A major competitive advantage of the project is its parking ratio. The development provides 56 total parking spaces, allowing for approximately two parking spaces per unit, including standard, ADA, tandem, and mechanical lift spaces. This exceeds the typical parking ratios in the area, where many projects average approximately 1.5 spaces per unit, and significantly enhances marketability, especially for ownership-oriented or condo-ready strategies.The surrounding area has seen a concentration of rental-focused developments, creating a scarcity of new ownership-style multifamily product. This positions 2323 Polk as a unique opportunity for a buyer to deliver either a boutique condo project or a high-quality rental community with a differentiated unit mix and parking offering. The design flexibility allows a future owner to adapt the exit strategy based on market conditions, investor appetite, or financing structure.Substantial upfront work has already been completed, including architectural design, civil engineering, fire flow calculations, and Technical Advisory Committee (TAC) review with the City of Hollywood. This significantly shortens the development timeline and allows a buyer to avoid the time, uncertainty, and carrying costs typically associated with early-stage projects.The site is surrounded by established residential uses and benefits from proximity to Downtown Hollywood, major transportation corridors, employment centers, and regional amenities. The broader market is projected to experience sustained population and economic growth through 2029, supporting long-term demand for well-located multifamily housing.2323 Polk Street is ideally suited for a developer or investor seeking a smartly designed, cost-efficient project with strong fundamentals, reduced execution risk, and multiple viable exit strategies. Offering Memorandum available. Architectural plans, civil drawings, and supporting documentation are available upon request.

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Detail Ic Property Details

Property Type : Land

Price : $2,999,990

AD Id : 76378655

MLS Id : A11938458

Lot Size : 0.47 Acre(Lot)

County : Broward

Subdivision: Hollywood Little Ranches

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Feature Features

  • Lot Information

    Lot Dimensions: 20500 Lot Size Acres: 0.47 Lot Size Square Feet: 20,515 Lot Description: CityLot,Other

    Property Information

    Subdivision: HOLLYWOOD LITTLE RANCHES Source Property Type: Land Postal Code Plus 4: 6714 Property SubType: Unimproved Land Direction Faces: South

  • Listing Price Information

    Listing Price: $2999990
    Original Price: $2396500
    Cash, Conventional

  • Tax Information

    Parcel Number: 514216013510 Tax Year: 2025 Annual Tax: $23284 Tax Legal Desc: HOLLYWOOD LITTLE RANCHES 1-26 B LOT 9 BLK 8

  • School Information

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

    CableAvailable, ElectricityAvailable, NaturalGasAvailable, Other, TrashCollection, WaterAvailable
  • Location Information

    WaterSource: Public
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Nearby Home Value

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826 N Dixie Hwy, Hollywood, FL, 33020 $2,500,000 -- -- -- 6,008 Sqft(Lot)
2424 Monroe Street, Hollywood, FL, 33020 $639,000 -- -- -- 20,474 Sqft(Lot)
2247 Jackson St, Hollywood, FL, 33020 $1,200,000 -- -- -- 10,251 Sqft(Lot)
2235 Polk Street, Hollywood, FL, 33020 $1,750,000 -- -- -- 20,515 Sqft(Lot)
2322 Johnson Street, Hollywood, FL, 33020 $500,000 -- -- -- 10,455 Sqft(Lot)
2210 Pierce St, Hollywood, FL, 33020 $6,490,000 -- -- -- 65,006 Sqft(Lot)
2215 Fillmore Street, Hollywood, FL, 33020 $2,750,000 -- -- -- 20,502 Sqft(Lot)
Pierce Street, Hollywood, FL, 33020 $900,000 -- -- -- 16,553 Sqft(Lot)
2243 Polk Street, Hollywood, FL, 33020 $3,600,000 -- -- -- 40,076 Sqft(Lot)
2229 Adams St, Hollywood, FL, 33020 $760,000 -- -- -- 10,247 Sqft(Lot)

The information being provided by Miami Association of REALTORS® is for the consumer's personal, non-commercial use. Any information relating to real estate for sale referenced on this web site comes from the Internet Data Exchange (IDX) program of the Miami Association of REALTORS®. The accuracy of all information is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. The data contained herein is copyrighted by Miami Association of REALTORS® and is protected by all applicable copyright laws. Any unauthorized dissemination of this information is in violation of copyright laws and is strictly prohibited. Copyright 2026 Miami Association of REALTORS®. All rights reserved.

ByOwner last updated this listing 06/19/2026 @ 13:23

MLS: A11938458 LISTED BY: Juan Suarez, Soar Realty Corp 786-667-8770 SOURCE: Beaches MLS

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