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2455 Polk St - THE LEISURE 0.47 Acres of Residential Land Offered at £1,622,452 in Hollywood, FL 33020
INVESTMENT HIGHLIGHTS
- Hollywood is booming with over $1.5B in real estate development surrounding Young Circle in 2024
- Strong local school district and family-friendly amenities;
- Area upgrades include Young Circle redesign, beachfront boardwalk expansion, and new transit infrastructure
- Rapidly growing rental market with new leases surpassing $3/SQFT. New construction condo sales exceeding $625/SQFT
- Located in a well-established residential community surrounded by homes valued up to $7M+. Steady home price growth for 12 consecutive years
- 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
EXECUTIVE SUMMARY
FINANCIAL SUMMARY (PRO FORMA - 2025) |
ANNUAL | ANNUAL PER ac |
|---|---|---|
| Gross Rental Income |
£785,979
|
£1,670,162.70
|
| Other Income |
-
|
-
|
| Vacancy Loss |
£39,299
|
£83,508.13
|
| Effective Gross Income |
£746,680
|
£1,586,654.56
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
£235,794
|
£501,048.81
|
| Net Operating Income |
£510,886
|
£1,085,605.75
|
FINANCIAL SUMMARY (PRO FORMA - 2025)
| Gross Rental Income | |
|---|---|
| Annual | £785,979 |
| Annual Per ac | £1,670,162.70 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per ac | - |
| Vacancy Loss | |
|---|---|
| Annual | £39,299 |
| Annual Per ac | £83,508.13 |
| Effective Gross Income | |
|---|---|
| Annual | £746,680 |
| Annual Per ac | £1,586,654.56 |
| Taxes | |
|---|---|
| Annual | - |
| Annual Per ac | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per ac | - |
| Total Expenses | |
|---|---|
| Annual | £235,794 |
| Annual Per ac | £501,048.81 |
| Net Operating Income | |
|---|---|
| Annual | £510,886 |
| Annual Per ac | £1,085,605.75 |
PROPERTY FACTS
| Price | £1,622,452 | Property Subtype | Residential |
| Sale Type | Investment | Proposed Use | |
| No. Plots | 1 | Total Plot Size | 0.47 ac |
| Property Type | Land | ||
| Use Class | MC-1 - MULTI-FAMILY RESIDENTIAL CORE | ||
| Price | £1,622,452 |
| Sale Type | Investment |
| No. Plots | 1 |
| Property Type | Land |
| Property Subtype | Residential |
| Proposed Use | |
| Total Plot Size | 0.47 ac |
| Use Class | MC-1 - MULTI-FAMILY RESIDENTIAL CORE |
1 PLOT AVAILABLE
Plot
| Price | £1,622,452 | Total Plot Size | 0.47 ac |
| Price Per ac | £3,447,513.39 |
| Price | £1,622,452 |
| Price Per ac | £3,447,513.39 |
| Total Plot Size | 0.47 ac |
Development opportunity, a fully entitled 20,500 SQFT lot. This MC-1 zoned site is shovel-ready, with approved plans and permits for a 3-story, 30-unit multi-family building.
DESCRIPTION
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.
PROPERTY TAXES
| Parcel Number | 51-42-16-01-6470 | Improvements Assessment | £0 |
| Land Assessment | £836,014 | Total Assessment | £836,014 |
PROPERTY TAXES
Presented by
Uniconte LLC
2455 Polk St - THE LEISURE
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