Description
We're pleased to present a rare shovel-ready development opportunity in the heart of Downtown Hollywood. This fully entitled 20,500 SF MC-1 zoned lot comes with approved construction plans and permits for a 3-story, 30-unit multifamily building. The project includes a mix of spacious 1- and 2-bedroom units, a rooftop deck with open-air pool, landscaped green space with BBQ area, and 42 covered parking spaces plus bicycle parking. With conventional financing, an investor could achieve 111% of Net Investment Return. Located just a 10-minute walk from Young Circle and an 8-minute drive to Hollywood Beach, this site offers unbeatable access to restaurants, arts, transit (US-1, I-95), and year-round coastal lifestyle. All reports completed - geotechnical, zoning, site plan approval - allowing a buyer to close with permits in hand and begin construction immediately.
Details
| MLS # | A12056911 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active |
| Days On Site | 43 |
| Listing Provided By | Trybal Group LLC | Mike Kaplun |
Features
| Zoning | MC-1 |
|---|---|
| Acreage | 0.47 |
Exterior
| Lot Features | Less Than One Acre |
|---|
Taxes
| Tax Annual Amount | 17186 |
|---|
Area Information
| State | FL |
|---|---|
| County | Broward |
| City | Hollywood |
| Zip Code | 33020 |
| Area | 3050 |
| Subarea | Hollywood East (3010 3050) |
| Community Name | HOLLYWOOD LITTLE RANCHES |
| Listing VS Median (in HOLLYWOOD LITTLE RANCHES) | |
Price: $2,174,500 low | high Med: $3,850 On site: 43 low | high Med: 31.5 | |
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Learn More About This Property
| State | FL |
|---|---|
| County | Broward |
| City | Hollywood |
| Zip Code | 33020 |
| Area | 3050 |
| Subarea | Hollywood East (3010 3050) |
| Community Name | HOLLYWOOD LITTLE RANCHES |
| Listing VS Median (in HOLLYWOOD LITTLE RANCHES) | |
Price: $2,174,500 low | high Med: $3,850 On site: 43 low | high Med: 31.5 | |
