2243 Polk ST, Hollywood, FL 33020
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2243 Polk ST Hollywood, FL 33020

0.92 Acres Lot

UPDATED:

Key Details

Property Type Vacant Land

Sub Type Commercial

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

Lot Dimensions 200x206

Property Sub-Type Commercial

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 Hollywood Little Ranches

Area 3050

Exterior

Exterior Feature Shed

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

View Garden

Private Pool Yes

Building

Lot Description <1 Acre

Faces South

Sewer Septic Tank

Water Public

Additional Building Shed(s), Storage

Schools

Elementary Schools Oakridge

Middle Schools Olsen

High Schools South Broward

Others

Senior Community No

Restrictions No Deed Restrictions,Zoning Restrictions

Tax ID 514216013470

Acceptable Financing Cash, Conventional, 1031 Exchange, Owner May Carry, Owner May CarrySecond

Listing Terms Cash, Conventional, 1031 Exchange, Owner May Carry, Owner May CarrySecond

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Miami Association of Realtors (SEFMIAMI MLS)
Listed by Media Realty

NEARBY SCHOOLS & PROPERTIES

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2243 Polk ST