2040 Polk Street, Hollywood, FL 33020

$1,649,000
7
BD
2
BA
3,040
SqFt

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List Price
$1,649,000
Price Change
▼ $150,000 1790183135
MLS#
B26045526
Bedrooms
7
Bathrooms
2
Sq. Ft
3,040
Lot Size
4,699
Subtype
Single Family Residence
County
Broward
Community
Downtown Hollywood
Subdivision
Downtown Hollywood
Year Built
1945

Property 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. NOTE: The adjoining property at 219 N 21st Ave is also for sale separately, offering a rare chance to assemble nearly .40 acres for a larger-scale project. Own The Whole Block!

Additional Information

Front Exposure
West
Pets Allowed
Yes
Status Label
ACTIVE
Construction
Concrete Block Construction, Stucco
Cooling
Central Air
Equipment
Microwave, Refrigerator
Flooring
Tile, Wood
Furnished
Furnished, Furniture Only
Heating
Central
Lot Description
Less Than 1/4 Acre Lot, Less Than 1 Acre
Parking
2 Or More Spaces, Open, On Street
Roof
Comp Shingle Roof, Shingle
Bedroom Description
Other
Security
Smoke Alarm, Smoke Detector(s), Smoke Detector, TV Camera, TV Monitor
Taxes
$14,478
Utilities
Cable Connected, Cable Available, Electricity Available, Phone Available
Total Floors
1
Stories
1
Roofing
Comp Shingle Roof, Shingle
Acres
0.11
Price Per Sqft
$542

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Listing Courtesy of Signature International Real E, Contact: