Entitled Multifamily Development
For Sale
$2,000,000
2306 Van Buren St, Hollywood, FL 33020
Site plan approved for 36 units on a 24,000+ SF lot zoned DH-2 in Hollywood, Florida.
Property Size8,034 SF
Lot Size0.55 Acres
Price / SF$248.94
Days on Market84
Property Features for 2306 Van Buren St
General Information
Standard status
Active
Size
8,034 SF
Lot size
0.55 Acres
Property subtype
Multi-Unit (2-4)
Zoning
DH-2
Site & Location
Highway Access
Yes
Road Access
Yes
Additional Details
Multifamily Units
36
Amenities
Sewer Type: Municipal
Total Taxes: $29,525, Tax Year: 2026, Percentage of Tax that is Deductable: 0
Has Central AC: 1
Electric Heat Fuel
Sale, Sale Type: Foreclosure
4 Stories, Built in 1949
Subdivision Name: Hollywood Little Ranches
Above Area Square Feet: 8034
Construction Type: Masonry - Concrete Block
Home Owners Association or Planned Unit Development
Building Details
Year Built
1949
Listing Agency:
Compass Florida, LLC
Listed By:
Leslie Cooper · License #0526242
(305) 851-2820
Source:
Doyle-realty
Added: Jul 20
Changed: Oct 10
Last Checked: Oct 11 at 8:57AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Compass Florida, LLC
Investment Insights
Based on property information with market context.
An entitled multifamily development opportunity at 2306 Van Buren St in Hollywood, FL, with a site plan approved for 36 units on a 24,000+ SF lot. The property is zoned DH-2 (Downtown Hollywood 2) and is positioned as builder-ready for construction documents, with entitlements already in place.
The site is described as steps from the Dixie Highway corridor and benefits from connectivity via Dixie Highway and I-95. WalkScore 67 and bikeScore 69 indicate somewhat walkable and bikeable access, while transitScore 41 is provided as some transit service in the area.
DH-2 zoning is noted in the materials as supporting flexible mixed-use programming, including the option for ground-floor retail or live-work components alongside the residential units.
The site is described as steps from the Dixie Highway corridor and benefits from connectivity via Dixie Highway and I-95. WalkScore 67 and bikeScore 69 indicate somewhat walkable and bikeable access, while transitScore 41 is provided as some transit service in the area.
DH-2 zoning is noted in the materials as supporting flexible mixed-use programming, including the option for ground-floor retail or live-work components alongside the residential units.
Key Highlights
- Site plan approved for 36 units at 2306 Van Buren Street in Hollywood, FL
- 24,000+ SF lot size with DH‑2 (Downtown Hollywood 2) zoning
- Entitlements are in place, providing a builder‑ready path toward construction documents
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$155,096
Cap Rate
7.75%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,101,920
$3.1M
Cap Rate 7%
$2,215,657
$2.2M
Cap Rate 9%
$1,723,289
$1.7M
Market Conditions
NOI Build-Up for 8,034 SF
Gross rent
$265.1K $33.00/SF
− Vacancy
−$58.3K −$7.26/SF
EGI
$206.8K $25.74/SF
− OpEx
−$51.7K −$6.44/SF
NOI
$155.1K $19.31/SF
Area
Hollywood, FL
Vacancy
22.00%
Lease Rate
$33.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,101,920
Cap Rate 7%
$2,215,657
Cap Rate 9%
$1,723,289
Alternative Uses
Best Use
Office B
$2.22M
$1.94M – $2.58M
NOI $155,096 @ 7.0% cap · market cap 7.75%
Second Best
Apartment 5plus
$1.91M
$1.67M – $2.23M
NOI $133,910 @ 7.0% cap · market cap 6.70%
Theoretical Best
Office A
$3.14M
$2.75M – $3.67M
NOI $220,003 @ 7.0% cap · market cap 11.00%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
36
Residential units
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
4,477
Businesses Nearby
Explore this area
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
Vacancy Rate% for Office in South region
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Frequently Asked Questions
What type of property is this?
Apartment building - Site plan approved for 36 units on a 24,000+ SF lot zoned DH-2 in Hollywood, Florida.
Where is this apartment building located?
The property is located at 2306 Van Buren St Hollywood, FL.
What is the asking price?
The asking price for this property is $2,000,000.
What are key features of this property?
This property features: Site plan approved for 36 units at 2306 Van Buren Street in Hollywood, FL; 24,000+ SF lot size with DH‑2 (Downtown Hollywood 2) zoning; Entitlements are in place, providing a builder‑ready path toward construction documents
