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2720 Polk Street - Fully Approved Development Site | 90 Units
0.24 - 0.45 Acre Residential Land Lots Offered at £623,793 - £1,167,096 Per Lot in Hollywood, FL 33020
Investment Highlights
- Strategic Location near 1-95, shops, retail and restaurants.
Executive Summary
This truly dynamic development site is “shovel-ready” and has complete approvals in place for a boutique 90- unit development spread over two distinct buildings. The Midtown 1 and 2 luxury development project consists of two separate 4-story buildings (45 units each) with surface parking located directly adjacent to the property.
The prospective buyer will be able to assume the approved plans and begin the permitting process immediately. The properties currently receive over $11,000 in income with month-to-month tenants providing ample revenue until construction begins.
This is a unique opportunity to step into the city of Hollywood is situated in close proximity to major highways and transportation hubs, making it an ideal location for residents looking for convenient access to the region’s major metropolitan areas such as Miami and Fort Lauderdale.
FOR FULL BROCHURE: PLEASE CONTACT RON MANN DIRECTLY AT 305-490-1404 OR RON@MCG-REALTY.COM
Property Facts
| Price | £623,793 - £3,581,777 | Property Type | Land |
| Sale Type | Investment | Property Subtype | Residential |
| No. Lots | 4 | Total Lot Size | 1.17 AC |
| Price | £623,793 - £3,581,777 |
| Sale Type | Investment |
| No. Lots | 4 |
| Property Type | Land |
| Property Subtype | Residential |
| Total Lot Size | 1.17 AC |
4 Lots Available
Lot 1
| Price | £1,167,096 | Lot Size | 0.45 AC |
| Price Per AC | £2,573,332 |
| Price | £1,167,096 |
| Price Per AC | £2,573,332 |
| Lot Size | 0.45 AC |
This truly dynamic development site is “shovel-ready” and has complete approvals in place for a boutique 90- unit development spread over two distinct buildings.
Lot 2
| Price | £623,793 | Lot Size | 0.24 AC |
| Price Per AC | £2,649,420 |
| Price | £623,793 |
| Price Per AC | £2,649,420 |
| Lot Size | 0.24 AC |
This site will provide surface level parking for the fully approved multifamily development site.
Lot 3
| Price | £623,793 | Lot Size | 0.24 AC |
| Price Per AC | £2,599,233 |
| Price | £623,793 |
| Price Per AC | £2,599,233 |
| Lot Size | 0.24 AC |
This site will provide surface level parking for the fully approved multifamily development site.
Lot 4
| Price | £1,167,096 | Lot Size | 0.24 AC |
| Price Per AC | £4,862,900 |
| Price | £1,167,096 |
| Price Per AC | £4,862,900 |
| Lot Size | 0.24 AC |
This truly dynamic development site is “shovel-ready” and has complete approvals in place for a boutique 90- unit development spread over two distinct buildings.
Description
Apex Capital Realty, as an exclusive listing broker, is excited to present the unique opportunity to acquire a prime 1.38-acre (60,024 SF) boutique apartment development site strategically located in the fast-growing city of Hollywood, Florida. This truly dynamic development site is “shovel-ready” and has complete approvals in place for a boutique 90- unit development spread over two distinct buildings. The Midtown 1 and 2 luxury development project consists of two separate 4-story buildings (45 units each) with surface parking located directly adjacent to the property. The prospective buyer will be able to assume the approved plans and begin the permitting process immediately. The properties currently receive over $11,000 in income with month-to-month tenants providing ample revenue until construction begins. This is a unique opportunity to step into the city of Hollywood is situated in close proximity to major highways and transportation hubs, making it an ideal location for residents looking for convenient access to the region’s major metropolitan areas such as Miami and Fort Lauderdale.
zoning
| Zoning Code | TC-1 & MC-1 (TC-1 - TRANSITIONAL CORE | MC-1 - MULTI-FAMILY RESIDENTIAL CORE) |
| TC-1 & MC-1 (TC-1 - TRANSITIONAL CORE | MC-1 - MULTI-FAMILY RESIDENTIAL CORE) |
Presented by
2720 Polk Street - Fully Approved Development Site | 90 Units
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