2243 Polk ST, Hollywood, FL 33020
2243 Polk ST, Hollywood, FL 33020
2243 Polk ST, Hollywood, FL 33020
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$3,500,000
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0.92 Acres Lot
Active

2243 Polk ST Hollywood, FL 33020

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Erica Patel

Erica Patel

+1(754) 272-6665

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Key Details

Property Type Vacant Land

Sub Type Unimproved Land

Listing Status Active

Purchase Type For Sale

Subdivision Hollywood Little Ranches

MLS Listing ID B26035431

HOA Y/N No

Annual Tax Amount $39,086

Tax Year 2025

Lot Size 0.920 Acres

Acres 0.92

Property Sub-Type Unimproved Land

Property Description

REDEVELOPMENT OPPORTUNITY WITH OWNER FINANCING | 40,200 SF, three parcel assemblage containing a 10plex, a 3plex and a single family home. It is estimated that the sites highest and best use is a 90 residential development in close proximity to the urban redevelopment core of downtown Hollywood. For qualified purchasers, the seller will consider providing a purchase money mortgage with a below market interest rate with a 40% down payment. Hollywood's Urban Renaissance: Why the Downtown Core Is Emerging as One of Broward County's Most Compelling Redevelopment Stories For decades, Downtown Hollywood was overshadowed by Hollywood Beach to the east and the major employment centers of Fort Lauderdale and Miami. Today, that dynamic is changing rapidly. The city has quietly become one of Sout REDEVELOPMENT OPPORTUNITY WITH OWNER FINANCING | 40,200 SF, three parcel assemblage containing a 10plex, a 3plex and a single family home. It is estimated that the sites highest and best use is a 90 residential development in close proximity to the urban redevelopment core of downtown Hollywood. For qualified purchasers, the seller will consider providing a purchase money mortgage with a below market interest rate with a 40% down payment. Hollywood's Urban Renaissance: Why the Downtown Core Is Emerging as One of Broward County's Most Compelling Redevelopment Stories For decades, Downtown Hollywood was overshadowed by Hollywood Beach to the east and the major employment centers of Fort Lauderdale and Miami. Today, that dynamic is changing rapidly. The city has quietly become one of South Florida's most active urban infill redevelopment markets, driven by public infrastructure investment, transit accessibility, favorable zoning, and a growing pipeline of mixed-use and multifamily projects. More than 3,500 residential units have been approved or are under construction in and around Downtown Hollywood and its major corridors, creating a critical mass that is reshaping the city's urban core. The subject property provides a $321,276 gross income and a $180,655 NOI. Positioned in the Path of South Broward's Urban Renaissance Downtown Hollywood has emerged as one of South Florida's most compelling redevelopment markets, offering a unique combination of favorable zoning, strong rental demand, and land values that remain attractive relative to more mature urban cores such as Brickell, Wynwood, Downtown Fort Lauderdale, and Flagler Village. Driven by a growing population of young professionals, healthcare workers, hospitality employees, airport-related businesses, and Miami commuters seeking affordability, the area continues to experience sustained multifamily demand. Combined with the walkability of Young Circle, ArtsPark, downtown dining and entertainment, and proximity to Hollywood Beach, the district offers the lifestyle amenities increasingly sought by today's renters. Equally significant is the ongoing transformation occurring immediately south along the Federal Highway corridor in Hallandale Beach. As new mixed-use, multifamily, hospitality, and commercial developments continue to reshape Hallandale's urban core, the redevelopment momentum between Downtown Hollywood and Aventura is creating a continuous South Broward growth corridor.

Location

State FL

County Broward

Community Sidewalks

Area 3050

Zoning DH-2

Direction South

Rooms

Other Rooms Outbuilding, Shed(s), Storage

Interior

Interior Features InteriorFeatures

Fireplace No

Exterior

Community Features Sidewalks

Utilities Available Cable Connected, Electricity Connected, Natural Gas Connected, Phone Connected, Water Connected

View Y/N Yes

Water Access Desc Public

View Garden

Present Use Investment

Street Surface Asphalt

Road Frontage City Street

Building

Lot Description Central Business District, City Lot

Faces South

Sewer Septic Tank

Water Public

Additional Building Outbuilding, Shed(s), Storage

Schools

Elementary Schools Oakridge

Middle Schools Olsen

High Schools South Broward

Others

Tax ID 514216013470

Acceptable Financing Cash, Conventional, 1031 Exchange, Owner Will Carry

Membership Fee Required false

Listing Terms Cash, Conventional, 1031 Exchange, Owner Will Carry

Special Listing Condition Standard

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BeachesMLS, Inc. (FLR) IDX
Listed by Peter Dacko III Media Realty

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Erica Patel

Erica Patel

Agent License ID: 3608757

+1(754) 272-6665

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2243 Polk ST