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2246 Monroe St
Hollywood, FL 33020 Highland Garden

$1,925,000 USD

Land For Sale  •  0.35 AC

Property Details

  • Property Type Land
  • Lot Size 0.35 AC
  • Zoning DH-2
40 Transit Score
70 Walk Score

Description

We are excited to present a rare development opportunity at 2246 Monroe St, a fully entitled 15,387 SQFT lot in the heart of Hollywood, FL. This DH-2 zoned site (Dixie Highway Medium Intensity Multi-Family District) is shovel-ready, with approved plans and permits for a 4-story, 27-unit multi-family building.

The development plan includes:

- 1, 2, and 3-bedroom spacious units

- Rooftop deck with open-air pool

- Green space amenity with sun deck, BBQ area, and lounge zone

- Fitness center

- 34 covered parking spaces + bicycle parking

Reports & Approvals:

- Approved construction plans available

- Full geotechnical investigation completed

- Zoning and permitting confirmed for immediate build-out

- Close with permit in hands, start construction next day

Unbeatable Location:

- 5-minute walk to Young Circle City Center – restaurants, grocery stores, arts park & entertainment

- 8-minute drive to the famous Hollywood Beach

- Easy access to US-1 and I-95

- Strong local school district and family-friendly amenities

This is a rare chance to develop in one of South Florida’s most dynamic growth zones. Reach out today to receive full plans, reports, and schedule a site visit.

Highlights

Hollywood is booming with over $1.5B in real estate development surrounding Young Circle in 2024
Rapidly growing rental market with new leases surpassing $3/SQFT. New construction condo sales exceeding $625/SQFT
Strong local school district and family-friendly amenities;
Located in a well-established residential community surrounded by homes valued up to $7M+. Steady home price growth for 12 consecutive years
Area upgrades include Young Circle redesign, beachfront boardwalk expansion, and new transit infrastructure
Home values in Florida have surged by 164% over the past decade - jumping from an average of $144,464 in 2013 to $381,922 in 2023

Financial Summary (Proforma)

Net Operating Income: $646,932 USD (2026)
Total Expenses: $298,584 USD

Public Transportation

Commuter RailDriveWalkDistance
Hollywood (Tri-County Commuter - South Florida Regional Transportation Authority (Tri-Rail)) 4 min - 1.4 mi
Sheridan Street (Tri-County Commuter - South Florida Regional Transportation Authority (Tri-Rail)) 7 min - 2.6 mi
AirportDriveWalkDistance
Fort Lauderdale/Hollywood International 13 min - 6.5 mi
Miami International 42 min - 24.5 mi
Anastasiia Lytvyn 312-423-7934 Uniconte LLC
Anastasiia Lytvyn 312-423-7934 Uniconte LLC