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2543 Polk St
Hollywood, FL 33020

$2,350,000 USD

Land For Sale  •  0.47 AC

Property Details

  • Property Type Land
  • Lot Size 0.47 AC
  • Zoning MC-1
38 Transit Score
70 Walk Score

Description

Approved plans for a 4-story building featuring 33 spacious one-bedroom apartments, each 1,000 sqft, designed with modern finishes, private terraces, ADA compliance, and a sundeck. The project includes ground-level parking with all required spaces, eliminating the need for structured parking. Conveniently located just minutes from Young Circle, the beaches, and within walking distance to the Brightline train stop, this property offers unmatched potential. A rare chance to develop a high-quality multifamily project in a thriving and desirable area!

Highlights

Approved plans for a 4-story building featuring 33 spacious one-bedroom apartments (nearly 1,000 sqft each)
Minutes away from Young Circle, Shopping, Dining and beaches
Structured Parking not required- making development cost more affordable (42 parking spaces)
Proforma rents of $2500 per unit, NOI of $787K Annually

Property Flyers

Public Transportation

Commuter RailDriveWalkDistance
Hollywood (Tri-County Commuter - South Florida Regional Transportation Authority (Tri-Rail)) 2 min 13 min 0.7 mi
Sheridan Street (Tri-County Commuter - South Florida Regional Transportation Authority (Tri-Rail)) 5 min - 1.9 mi
AirportDriveWalkDistance
Fort Lauderdale/Hollywood International 10 min - 5.9 mi
Miami International 39 min - 23.8 mi
Elior Levi 954-743-7594 Fausto Commercial Realty Consultants
Elior Levi 954-743-7594 Fausto Commercial Realty Consultants