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2306 Van Buren St - Van Buren 0.47 Acres of Commercial Land Offered at $2,786,200 CAD in Hollywood, FL 33020
Investment Highlights
- Fully Approved Development Site: Entitled 36-unit project with approved plans, ready for immediate execution.
- Well-Balanced Unit Mix: Diverse floor plans designed to appeal to a broad renter base.
- Exceptional Hollywood Location: Minutes from Downtown, US-1, Fort Lauderdale Airport, and the beach.
- Flexible Redevelopment Timeline: Month-to-month tenancies provide near-term income and redevelopment flexibility.
- Strong Pro Forma Income: Projected gross operating income of approximately $1.27 million.
Executive Summary
Rare development opportunity at 2306 Van Buren St with approved plans for a 36-unit project. The property is zoned DH-2, allowing for strong redevelopment potential in a growing area. The unit mix includes 15 one-bedroom units, 12 one-bedroom plus den units, 3 two-bedroom units, and 6 three-bedroom units, offering a well-balanced layout for strong rental demand. The property is currently occupied with all tenants on month-to-month leases, providing flexibility for redevelopment while generating in-place income. With a pro forma gross operating income of $1,268,080, this site presents a compelling opportunity for developers seeking to capitalize on a high-upside project. Ideally located approximately 3 minutes to Downtown Hollywood and Young Circle, 5 minutes to US-1, 10 minutes to Fort Lauderdale–Hollywood International Airport, and 10 minutes to the beach, offering excellent accessibility and strong rental demand drivers.
Financial Summary (Actual - 2025) |
Annual (CAD) | Annual Per AC (CAD) |
|---|---|---|
| Gross Rental Income |
$1,766,562
|
$3,758,643.14
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$1,766,562
|
$3,758,643.14
|
| Taxes |
$299,517
|
$637,269.16
|
| Operating Expenses |
$369,102
|
$785,323.09
|
| Total Expenses |
$668,618
|
$1,422,592.25
|
| Net Operating Income |
$1,097,944
|
$2,336,050.90
|
Financial Summary (Actual - 2025)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $1,766,562 |
| Annual Per AC | $3,758,643.14 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per AC | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per AC | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $1,766,562 |
| Annual Per AC | $3,758,643.14 |
| Taxes (CAD) | |
|---|---|
| Annual | $299,517 |
| Annual Per AC | $637,269.16 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $369,102 |
| Annual Per AC | $785,323.09 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $668,618 |
| Annual Per AC | $1,422,592.25 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $1,097,944 |
| Annual Per AC | $2,336,050.90 |
Property Facts
| Price | $2,786,200 CAD | Property Subtype | Commercial |
| Sale Type | Investment | Proposed Use | Apartment Units |
| No. Lots | 1 | Total Lot Size | 0.47 AC |
| Property Type | Land | ||
| Zoning | DH-2,RM-18 - Multifamily 18 plus units, Multi purpose commercial use; multifamily, residential, retail, office, etc. | ||
| Price | $2,786,200 CAD |
| Sale Type | Investment |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Commercial |
| Proposed Use | Apartment Units |
| Total Lot Size | 0.47 AC |
| Zoning | DH-2,RM-18 - Multifamily 18 plus units, Multi purpose commercial use; multifamily, residential, retail, office, etc. |
1 Lot Available
Lot
| Price | $2,786,200 CAD | Lot Size | 0.47 AC |
| Price Per AC | $5,928,085.21 CAD |
| Price | $2,786,200 CAD |
| Price Per AC | $5,928,085.21 CAD |
| Lot Size | 0.47 AC |
Very walkable
80/100
Moderately drivable
70/100
Limited public transit
30/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 51-42-16-01-2640 | Total Assessment | $1,643,174 CAD (2026) |
| Land Assessment | $256,335 CAD (2026) | Annual Taxes | $299,517 CAD |
| Improvements Assessment | $1,386,838 CAD (2026) | Tax Year | 2025 |
Property Taxes
Parcel Number
51-42-16-01-2640
Land Assessment
$256,335 CAD (2026)
Improvements Assessment
$1,386,838 CAD (2026)
Total Assessment
$1,643,174 CAD (2026)
Annual Taxes
$299,517 CAD
Tax Year
2025
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2306 Van Buren St - Van Buren
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