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    2742-2720-2723-2741-2704 2710-2621-2631 Polk St Hollywood, FL 33020

    For Sale
    $8,950,000

    Prime Multifamily Land, 2.77 Acres

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    362
    This exceptional 2.77-acre (120,806 sq ft) land assemblage in Hollywood, Florida, presents a remarkable multifamily development opportunity. Located on Polk Street in Broward County, this property consists of eight separate parcels totaling 120,806 square feet, strategically positioned within a highly desirable residential corridor. The assemblage offers direct access to City Hall and major thoroughfares, placing it within easy reach of the vibrant downtown business and entertainment district. With approvals already secured for several upscale projects, this offering allows for the construction of approximately 195 residential units, effectively covering a full city block. This is a turnkey opportunity for immediate development, eliminating lengthy permitting processes and allowing for swift project commencement. The asking price for this prime development site is $8,950,000. The property's location in the rapidly growing city of Hollywood, Florida, ensures strong potential for significant return on investment. This assemblage represents a rare chance to acquire a substantial, fully approved development site in a highly sought-after location. The existing approvals streamline the development process, minimizing delays and maximizing efficiency. This is an exceptional opportunity for developers seeking a high-impact project in a thriving market. The zip code is 33020.

    Property Features for 0 2742-2720-2723-2741-2704 2710-2621-2631 Polk St

    General Information

    Property type
    Land

    HighLights

    • 2.77‑acre (120,806 sq ft) land assemblage in Hollywood, FL.
    • Eight separate parcels totaling 120,806 sq ft in a prime residential corridor.
    • Direct access to City Hall and major thoroughfares, near the downtown area.
    • Approved for ~195 residential units, covering a full city block.
    • Turnkey opportunity; permits secured, ready for immediate development.
    • Asking price: $8,950,000.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Hollywood
    County
    Broward
    State
    Florida
    Longitude
    -80.1616541
    Latitude
    26.0121049

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    FAQs

    What type of property is this?
    Land - Prime Multifamily Land, 2.77 Acres
    Where is this land located?
    The property is located at 2742-2720-2723-2741-2704 2710-2621-2631 Polk St Hollywood, FL.
    What is the asking price?
    The asking price for this property is $8,950,000.
    What are key features of this property?
    This property features: 2.77-acre (120,806 sq ft) land assemblage in Hollywood, FL.; Eight separate parcels totaling 120,806 sq ft in a prime residential corridor.; Direct access to City Hall and major thoroughfares, near the downtown area.
    (305) 490-1404
    Request Owner's contact information
    2742-2720-2723-2741-2704 2710-2621-2631 Polk St Hollywood, FL 33020
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    Hollywood, FL 33020
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    2742-2720-2723-2741-2704 2710-2621-2631 Polk St Hollywood, FL 33020
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