Polk Street Assemblage

Apr 22

Written By Madison Capital Group

$8,950,000

2631-2742 Polk Street, Hollywood, FL 33020

Total Land Area: 120,466 SF

Allowable Units: 195

Zoning: TC-1 / MC-1

Parking: 196 capacity

DOWNLOAD BROCHURE

MCG Realty Advisors is excited to present the unique opportunity to acquire an assemblage of 8 separate multifamily development parcels strategically located in the fast-growing city of Hollywood, Florida. Comprising a total of 2.77 acres (120,466 SF), the parcels are located in the highly sought-after Polk Street residential corridor, offering direct access to the City Hall circle as well as major thoroughfares and the downtown business and entertainment district. Allowing for the development of approximately 195 units over a full city block with approvals in place for several upscale projects, this is a unique opportunity to step into several ready- to-go projects and begin to build immediately. The properties currently receive over $33,000 in income with month-to-month tenants providing ample revenue until construction begins. The total sale price for all 8 parcels in the assemblage is $8,950,000. A full breakdown of parcels and pricing is included in the brochure above.