2741 Polk St Hollywood, FL 33020

This exceptional 1.38-acre (60,024 sq ft) land parcel in Hollywood, Florida, presents a remarkable opportunity for multifamily development. Zoned TC-1/MC-1, it boasts complete approvals for a 90-unit boutique apartment complex, comprising two four-story buildings, each with 45 units. The approved plans encompass approximately 79,000 square feet of development, yielding 66,312 square feet of net leasable residential space and 110 parking spots. The project is "shovel-ready," allowing for immediate commencement of construction upon acquisition. Currently generating over $15,000 in monthly income from existing month-to-month tenants, this property offers immediate revenue potential while development plans are underway. Located at 2741 Polk St, Hollywood, FL 33020, this site benefits from its proximity to major highways and transportation hubs, providing convenient access to Miami and Fort Lauderdale. The asking price is $4,450,000. This is a truly unique opportunity to capitalize on the thriving Hollywood real estate market. The unit mix includes a combination of one- and two-bedroom apartments.