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Land For Sale • 0.47 AC
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 44 covered parking spaces plus bicycle parking. 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. This is a rare chance to develop in one of South Florida’s fastest-growing urban corridors with strong rental demand and long-term upside.
| 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 |
| Total Expenses: | $298,800 USD |
| Commuter Rail | Drive | Walk | Distance |
|---|---|---|---|
| Hollywood (Tri-County Commuter - South Florida Regional Transportation Authority (Tri-Rail)) | 2 min | 16 min | 0.8 mi |
| Sheridan Street (Tri-County Commuter - South Florida Regional Transportation Authority (Tri-Rail)) | 6 min | - | 2.1 mi |
| Transit/Subway | Drive | Walk | Distance |
| Hollywood (Tri-County Commuter - South Florida Regional Transportation Authority (Tri-Rail)) | 3 min | 16 min | 0.8 mi |
| Airport | Drive | Walk | Distance |
| Fort Lauderdale/Hollywood International | 11 min | - | 6.0 mi |
| Miami International | 40 min | - | 23.9 mi |
