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0 2742-2720-2723-2741-2704 2710-2621-2631 Polk St Hollywood, FL 33020

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Estimated value
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Property ID

Property summary

AI-generated overview

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 profile

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Property type Land

Cap rate & NOI

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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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