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504 N 20th Ave - 50 Units Site Plan Approved 0.21 Acres of Commercial Land Offered at $2,051,550 CAD in Hollywood, FL 33020
Investment Highlights
- Approved 50-Unit Development Project – Site plans in place for a 50-unit mixed-use development with residential and ground-floor commercial space.
- Strategic Development Site – ±18,112 SF parcel offering an exceptional opportunity for near-ready development in a growing corridor.
- Strong Location Appeal – Under 10 minutes to Downtown Fort Lauderdale, supporting strong long-term demand and growth potential.
- Flexible DH-3 Zoning – Zoned DH-3 (Dixie Zoning) allowing approximately 29,724 SF of residential and 846 SF of commercial space.
- Excellent Connectivity – Approximately 5 minutes to major highways and about 10 minutes to Fort Lauderdale–Hollywood International Airport.
- Massive $1M price drop—unlocks unbeatable value for a prime, ready-to-build development site!
Executive Summary
Introducing VISTA Multifamily—an approved 50-unit development site in Hollywood’s Dixie Highway corridor—now with a game-changing price reduction. The site, originally listed at $2.5M, is now available at $1.5M—offering a full $1M reduction! This 18,112 SF site comes with approved plans for 50 units and ground-floor commercial activation, all within DH-3 zoning. Minutes from Fort Lauderdale Airport and key corridors, this is your chance to secure a prime infill opportunity at an unbeatable price. Don’t miss out—this won't last long!
Financial Summary (Pro Forma - 2027) |
Annual (CAD) | Annual Per AC (CAD) |
|---|---|---|
| Gross Rental Income |
$1,933,381
|
$9,358,086.61
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$1,933,381
|
$9,358,086.61
|
| Taxes |
$535,397
|
$2,591,467.08
|
| Operating Expenses |
$223,291
|
$1,080,787.51
|
| Total Expenses |
$758,688
|
$3,672,254.59
|
| Net Operating Income |
$1,174,693
|
$5,685,832.02
|
Financial Summary (Pro Forma - 2027)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $1,933,381 |
| Annual Per AC | $9,358,086.61 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per AC | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per AC | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $1,933,381 |
| Annual Per AC | $9,358,086.61 |
| Taxes (CAD) | |
|---|---|
| Annual | $535,397 |
| Annual Per AC | $2,591,467.08 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $223,291 |
| Annual Per AC | $1,080,787.51 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $758,688 |
| Annual Per AC | $3,672,254.59 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $1,174,693 |
| Annual Per AC | $5,685,832.02 |
Property Facts
| Price | $2,051,550 CAD | Property Type | Land |
| Sale Type | Investment | Property Subtype | Commercial |
| Sale Condition | Redevelopment Project | Proposed Use | Apartment Units - Condo |
| No. Lots | 1 | Total Lot Size | 0.21 AC |
| Zoning | DH-3 - Dixie Highway High Intensity Mixed-Use District. | ||
| Price | $2,051,550 CAD |
| Sale Type | Investment |
| Sale Condition | Redevelopment Project |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Commercial |
| Proposed Use | Apartment Units - Condo |
| Total Lot Size | 0.21 AC |
| Zoning | DH-3 - Dixie Highway High Intensity Mixed-Use District. |
1 Lot Available
Lot
| Price | $2,051,550 CAD | Lot Size | 0.21 AC |
| Price Per AC | $9,929,481.21 CAD |
| Price | $2,051,550 CAD |
| Price Per AC | $9,929,481.21 CAD |
| Lot Size | 0.21 AC |
9,000 SF corner development site at N 20th Ave & Fillmore St. Zoned DH-3 and approved for a 50-unit residential project.
1 1
Very walkable
80/100
Moderately drivable
70/100
Limited public transit
30/100
Moderately bikeable
70/100
Property Taxes
| Parcel Number | 51-42-15-01-2310 | Total Assessment | $1,082,768 CAD (2026) |
| Land Assessment | $89,593 CAD (2026) | Annual Taxes | $535,397 CAD |
| Improvements Assessment | $993,175 CAD (2026) | Tax Year | 2027 |
Property Taxes
Parcel Number
51-42-15-01-2310
Land Assessment
$89,593 CAD (2026)
Improvements Assessment
$993,175 CAD (2026)
Total Assessment
$1,082,768 CAD (2026)
Annual Taxes
$535,397 CAD
Tax Year
2027
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504 N 20th Ave - 50 Units Site Plan Approved
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