Corner Mixed-Use
2040 Polk Street, Hollywood, FL 33020
For Sale
$1,649,000
Residential Income, Hollywood, FL
Property Size3,040 SF
Lot Size0.11 Acres
Price / SF$542.43
Days on Market142
Property Features for 2040 Polk Street
General Information
Property type
Property subtype
Zoning
Bedrooms
Full bathrooms
Rooms
Pets allowed
Exterior features
Subdivision
Elementary school
Middle school
High school
Standard status
APN
Size
Lot size
Additional Details
Currently Operating
Taxes and HOA fees
Tax Year
Tax Description
Tax Annual Amount
Legal Description
Utilities
Sewer type
Heating system
Cooling system
Water source
Building Details
Year built
Floors in Building
Number of units
Flooring type
Building materials
Roof type
Listing Agency:
Signature International Real E
(561) 404-7263
Listed By:
Jordan Sorman · License FL #3461841
(917) 705-3898
Added: Jun 24
Changed: Nov 11
Last Checked: Nov 12 at 7:06AM
MLS# B26045137
Copyright © 2026 BeachesMLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
This 3,040-square-foot mixed-use property at 2040 Polk Street includes an operating Airbnb and wellness spa. The 0.11-acre corner site contains a 1945-built structure with brick and CBS construction, tile, wood, and laminate flooring, central heating and central air. Public water and sewer serve the property, and exterior features include awnings and a garden.
Located in Hollywood, Florida, the property is near Hollywood Boulevard, restaurants, retail, entertainment, new development, and luxury residential projects. ND-3 zoning supports residential, commercial, office, hospitality, and mixed-use applications, with development up to 10 stories identified in the property information. The existing hospitality and spa operation can continue while future plans are evaluated. Some marketing images are virtual renderings.
Located in Hollywood, Florida, the property is near Hollywood Boulevard, restaurants, retail, entertainment, new development, and luxury residential projects. ND-3 zoning supports residential, commercial, office, hospitality, and mixed-use applications, with development up to 10 stories identified in the property information. The existing hospitality and spa operation can continue while future plans are evaluated. Some marketing images are virtual renderings.
Key Highlights
- 3,040‑square‑foot mixed‑use property on a 0.11‑acre corner lot
- Operating Airbnb and wellness spa provide current income generation
- ND‑3 zoning supports residential, commercial, office, hospitality, and mixed‑use applications
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$54,468
Cap Rate
3.30%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,089,360
$1.1M
Cap Rate 7%
$778,114
$778.1K
Cap Rate 9%
$605,200
$605.2K
Market Conditions
NOI Build-Up for 3,040 SF
Gross rent
$82.1K $27.00/SF
− Vacancy
−$4.3K −$1.40/SF
EGI
$77.8K $25.60/SF
− OpEx
−$23.3K −$7.68/SF
NOI
$54.5K $17.92/SF
Area
Hollywood, FL
Vacancy
5.20%
Lease Rate
$27.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,089,360
Cap Rate 7%
$778,114
Cap Rate 9%
$605,200
Alternative Uses
Best Use
Multifamily LT 5
$778.1K
$680.9K – $907.8K
NOI $54,468 @ 7.0% cap · market cap 3.30%
Second Best
Apartment 5plus
$723.9K
$633.4K – $844.5K
NOI $50,671 @ 7.0% cap · market cap 3.07%
Theoretical Best
Office A
$1.19M
$1.04M – $1.39M
NOI $83,247 @ 7.0% cap · market cap 5.05%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
4,186
Businesses Nearby
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Business Placement
Demographics for 33020, FL
45,044
Population
22,508
Households
2
Avg Household Size
41
Median Age
29%
College-Educated
89%
High-School Grad
6.0 sq mi
ZIP Area
7,507
Density / Sq Mi
$52,535
Median Household Income
$32,449
Median Earnings
$1,444
Median Rent
$306,700
Median Home Value
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Market
Average Price Trend$/SF for Mixed-use properties in Broward County, FL
Properties on Market for Mixed-use properties in Broward County
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Mixed-use property - Operating Airbnb and wellness spa with income generation and ND-3 zoning supporting residential, commercial, office, and hospitality uses.
Where is this mixed-use property located?
The property is located at 2040 Polk Street Hollywood, FL.
What is the asking price?
The asking price for this property is $1,649,000.
What are key features of this property?
This property features: 3,040‑square‑foot mixed‑use property on a 0.11‑acre corner lot; Operating Airbnb and wellness spa provide current income generation; ND‑3 zoning supports residential, commercial, office, hospitality, and mixed‑use applications
