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2621 Polk St Hollywood, FL 33020

OFF-MARKET Land Google Maps
Built 1951
Estimated value
No estimation on file for this property yet.
Property ID US19-0901765

Property summary

AI-generated overview

This exceptional 41,026 square foot land assemblage, located near Hollywood City Hall Circle, presents a remarkable multifamily development opportunity. The property consists of two parcels totaling 41,026 square feet and zoned MC-1, allowing for the construction of a 72-unit residential building. Current plans, which are available to the prospective buyer, include 60 one-bedroom and 12 two-bedroom units, thoughtfully designed around a central green space to maximize natural light and recreational areas. Ample on-site parking is included for residents and guests. The property benefits from its location in one of Hollywood's fastest-growing areas, a highly desirable location for both residents and businesses. The existing plans streamline the approval process, offering a significant advantage for a swift development timeline. Full architectural plans are available for review. Hollywood, Florida, is a vibrant city with beaches, boardwalks, and a thriving business community, encompassing banking, financial services, healthcare, technology, education, and tourism. The city's strategic location and growing demand for market-rate housing make this a prime investment opportunity. This property offers a unique chance to capitalize on the current market trends and contribute to Hollywood's dynamic residential landscape. The existing plans and approvals significantly reduce development time and risk, making this an attractive proposition for experienced developers.

Property profile

Verified
Property type Land
Year built 1951
UPID US19-0901765

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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