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2455 Polk St - THE LEISURE 0.47 Acres of Residential Land Offered at $3,043,731 CAD 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 (CAD) | ANNUAL PER AC (CAD) |
|---|---|---|
| Gross Rental Income |
$1,474,501
|
$3,133,237.06
|
| Other Income |
-
|
-
|
| Vacancy Loss |
$73,725
|
$156,661.85
|
| Effective Gross Income |
$1,400,776
|
$2,976,575.21
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$442,350
|
$939,971.12
|
| Net Operating Income |
$958,426
|
$2,036,604.09
|
FINANCIAL SUMMARY (PRO FORMA - 2025)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $1,474,501 |
| Annual Per AC | $3,133,237.06 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per AC | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | $73,725 |
| Annual Per AC | $156,661.85 |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $1,400,776 |
| Annual Per AC | $2,976,575.21 |
| Taxes (CAD) | |
|---|---|
| Annual | - |
| Annual Per AC | - |
| Operating Expenses (CAD) | |
|---|---|
| Annual | - |
| Annual Per AC | - |
| Total Expenses (CAD) | |
|---|---|
| Annual | $442,350 |
| Annual Per AC | $939,971.12 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $958,426 |
| Annual Per AC | $2,036,604.09 |
PROPERTY FACTS
| Price | $3,043,731 CAD | Property Subtype | Residential |
| Sale Type | Investment | Proposed Use | |
| No. Lots | 1 | Total Lot Size | 0.47 AC |
| Property Type | Land | ||
| Zoning | MC-1 - MULTI-FAMILY RESIDENTIAL CORE | ||
| Price | $3,043,731 CAD |
| Sale Type | Investment |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Residential |
| Proposed Use | |
| Total Lot Size | 0.47 AC |
| Zoning | MC-1 - MULTI-FAMILY RESIDENTIAL CORE |
1 LOT AVAILABLE
Lot
| Price | $3,043,731 CAD | Lot Size | 0.47 AC |
| Price Per AC | $6,467,559.56 CAD |
| Price | $3,043,731 CAD |
| Price Per AC | $6,467,559.56 CAD |
| Lot 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 CAD |
| Land Assessment | $1,551,048 CAD | Total Assessment | $1,551,048 CAD |
PROPERTY TAXES
Presented by
Uniconte LLC
2455 Polk St - THE LEISURE
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