Entity Owned Property summary
This exceptional 1.71-acre (74,576 sq ft) lot, located at 1201 N 21st Ave in Hollywood, Florida (zip code 33020), presents a remarkable opportunity for high-density residential development. Situated in Broward County within a pro-development DH-3 zoning corridor, this property allows for the construction of 200 apartment units by right, eliminating lengthy and costly zoning approvals. Its strategic location offers unparalleled convenience, being just one mile from Interstate I-95 and three miles from the renowned Hollywood Beach and its vibrant Broadwalk. The site's proximity to Downtown Hollywood ensures easy access to a wealth of amenities, including restaurants, shops, and entertainment venues. The asking price for this exceptional development opportunity is $8,000,000. This is a rare chance to capitalize on the thriving Hollywood real estate market and create a significant residential development in a highly desirable location. The property's size and zoning make it an ideal investment for experienced developers seeking a high-return project.
Property profile
VerifiedCap rate & NOI
Current use
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General Contractor
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Auto Repair Shop
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Insurance Agency
Location
Value estimations
Owner & transaction history
Zoning & alternative use
(iii) DH-3 - Dixie Highway High Intensity Mixed-Use District Special Requirements. a. For lots which abut Dixie Highway and 21st Avenue, the tower orientation shall be towards Dixie Highway and 21st Avenue. b. Where poss…
Comparables
6 recent transactions · within 1.5 miComparable in this City
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Value estimation
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Cap rate
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Price sensitivity
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Property tax & assessments
Tax year 2023Property description
Physical attributes from public recordsZoning & alternative use
DH-3 · Hollywood, FL(iii) DH-3 - Dixie Highway High Intensity Mixed-Use District Special Requirements. a. For lots which abut Dixie Highway and 21st Avenue, the tower orientation shall be towards Dixie Highway and 21st Avenue. b. Where poss…
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
Official district profile
(iii) DH-3 - Dixie Highway High Intensity Mixed-Use District Special Requirements. a. For lots which abut Dixie Highway and 21st Avenue, the tower orientation shall be towards Dixie Highway and 21st Avenue. b. Where poss…
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for DH-3 in Hollywood, FL.
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