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More Than A Building. A Redevelopment Opportunity. Corner Lot. ND-3 Zoning. Up To 10 Stories Possible. Prime Location

$1,799,000

2040 Polk Street, Hollywood, FL 33020

Active
Last Updated: 06/29/2026

3,040 sqft

Building Size

4,700 sqft

Lot Area

Details:
Building Size:    3,040 sqft
Lot Area:    4,700 sqft
Year Built:    1945
Price Per Sqft:    $592
Zoning:    ND-3
Seller Financing:    No
Parking Spots:    4
Investment Strategy:    Value Add
Highlights:
  • Prime Downtown Hollywood Location
  • Corner Lot
  • Income-producing Today
  • Future Redevelopment Potential
  • ND-3 Zoning Up To 10 Stories Possible
  • Walkable Downtown Location
Description:

Exceptional mixed-use redevelopment opportunity in the heart of Downtown Hollywood, Florida! Situated on a highly visible corner lot, this property is currently operating as a successful income-producing Airbnb and wellness spa, offering immediate cash flow while planning for future development. Zoned ND-3, this premier site allows for a wide variety of residential, commercial, office, hospitality, and mixed-use applications, with the potential to develop up to 10 stories. Located just steps from vibrant Hollywood Boulevard and surrounded by new development, restaurants, retail, entertainment, and luxury residential projects, this property sits in one of the fastest-growing and most dynamic corridors in Broward County.

The area continues to experience significant investment and redevelopment, making this a rare opportunity for investors, developers, and owner-users alike. Ideal for a luxury residential tower, boutique mixed-use development, medical office, wellness center, law firm headquarters, professional office building, boutique hotel, or continued hospitality and spa operation. The corner location provides excellent visibility, accessibility, and long-term appreciation potential. Whether you're seeking an income-producing asset today or a strategic land acquisition for tomorrow's development, this property offers the flexibility, zoning, and location that sophisticated investors and developers are looking for. Some photos are virtual renderings.

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