Property Description

We’re pleased to present a rare shovel-ready development opportunity in the heart of Downtown Hollywood. This fully entitled 20,500 SF MC-1 zoned lot comes with approved construction plans and permits for a 3-story, 30-unit multifamily building. The project includes a mix of spacious 1- and 2-bedroom units, a rooftop deck with open-air pool, landscaped green space with BBQ area, and 42 covered parking spaces plus bicycle parking. With conventional financing, an investor could achieve 111% of Net Investment Return. Located just a 10-minute walk from Young Circle and an 8-minute drive to Hollywood Beach, this site offers unbeatable access to restaurants, arts, transit (US-1, I-95), and year-round coastal lifestyle. All reports completed — geotechnical, zoning, site plan approval — allowing a buyer to close with permits in hand and begin construction immediately.

Overview

At a glance

Property Type

Land & Docks

Property Sub-Type

Unimproved Land

Address

2455 Polk Street, Hollywood, FL 33020

Zoning

MC-1

MLS ID

A12056911

Listing Date

2026-07-20

Last Updated

7/21/2026, 2:06:42 AM

Days on Market

8

Subdivision

HOLLYWOOD LITTLE RANCHES