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2621-2631 Polk St Hollywood, FL 33020

OFF-MARKET Land Google Maps
Estimated value
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Property ID

Property summary

AI-generated overview

This exceptional redevelopment opportunity encompasses a substantial 41,026 square foot assemblage located at 2621-2631 Polk Street in Hollywood, Florida, 33020. Situated adjacent to the renowned City Hall Circle, this prime parcel presents a unique chance to develop a thriving 72-unit multifamily complex. Current plans envision a dynamic mix of 60 one-bedroom and 12 two-bedroom units, thoughtfully designed around a spacious, open green area maximizing natural light and providing ample recreational space for residents. The development incorporates convenient on-site parking for residents and guests. This rapidly expanding area of Hollywood offers significant appeal to both residents and businesses, making this a highly attractive investment prospect. The asking price for this exceptional land parcel is $3,500,000. This is a rare opportunity to capitalize on the burgeoning growth and high demand for residential housing in this desirable location. The property's strategic location and well-conceived development plans promise strong returns for the discerning investor. Don't miss this chance to acquire a premier development site in one of Hollywood's most sought-after neighborhoods.

Property profile

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Property type Land

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Value estimations

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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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