2323 Polk Street, Hollywood, FL 33020
$2,999,990 · Active
- 0 baths
- Unimproved Land
- Lot 20,516.76 sq ft
- Broward County
- MLS# A11938458
- Hollywood Little Ranches
About this home
Exceptional development opportunity at 2323 Polk Street, Hollywood, FL. Approved plans for a 4-story, 27-unit multifamily project located within the Regional Activity Center (DH-2 zoning), recently approved by the City of Hollywood Planning and Development Board. The project is thoughtfully designed for efficiency, featuring mostly 2BR/2BA units and 56 total parking spaces, including standard, ADA, tandem, and mechanical lifts—an uncommon advantage in the submarket. The area is predominantly rental-focused, creating a rare opportunity for a condo-oriented or ownership-ready product. Ideal for developers or builders seeking a near shovel-ready project while avoiding the time and cost of entitlements. Offering Memorandum available; plans and additional documentation upon request. 2323 Polk Street presents a compelling development opportunity for investors, developers, and builders seeking a multifamily project in a strategically positioned Hollywood submarket. The property is located within the Regional Activity Center (DH-2 zoning) and is approved for a 4-story, 27-unit multifamily building. The project has recently received approval from the City of Hollywood Planning and Development Board, representing a major milestone in the development process and significantly reducing entitlement risk.The project has been deliberately designed with a profit-driven, efficiency-focused approach. Unlike many nearby developments that emphasize extensive common areas, luxury amenities, and smaller unit layouts, this building prioritizes functionality, livability, and market demand. The unit mix is predominantly 2-bedroom, 2-bathroom residences, a sharp contrast to surrounding projects that largely offer 1-bedroom units. This configuration appeals strongly to end users, families, roommates, and long-term tenants, supporting higher absorption and retention.A major competitive advantage of the project is its parking ratio. The development provides 56 total parking spaces, allowing for approximately two parking spaces per unit, including standard, ADA, tandem, and mechanical lift spaces. This exceeds the typical parking ratios in the area, where many projects average approximately 1.5 spaces per unit, and significantly enhances marketability, especially for ownership-oriented or condo-ready strategies.The surrounding area has seen a concentration of rental-focused developments, creating a scarcity of new ownership-style multifamily product. This positions 2323 Polk as a unique opportunity for a buyer to deliver either a boutique condo project or a high-quality rental community with a differentiated unit mix and parking offering. The design flexibility allows a future owner to adapt the exit strategy based on market conditions, investor appetite, or financing structure.Substantial upfront work has already been completed, including architectural design, civil engineering, fire flow calculations, and Technical Advisory Committee (TAC) review with the City of Hollywood. This significantly shortens the development timeline and allows a buyer to avoid the time, uncertainty, and carrying costs typically associated with early-stage projects.The site is surrounded by established residential uses and benefits from proximity to Downtown Hollywood, major transportation corridors, employment centers, and regional amenities. The broader market is projected to experience sustained population and economic growth through 2029, supporting long-term demand for well-located multifamily housing.2323 Polk Street is ideally suited for a developer or investor seeking a smartly designed, cost-efficient project with strong fundamentals, reduced execution risk, and multiple viable exit strategies. Offering Memorandum available. Architectural plans, civil drawings, and supporting documentation are available upon request.
Schools
- Elementary: Oakridge
- Middle: Olsen
- High: South Broward
Presented by
BreakThru Realty · (786) 914-1017
Courtesy of
Soar Realty Corp · SoarRealtyCorp@resoar.com · Listing agent: Juan A Suarez
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Schedule a showing
Call or text BreakThru Realty at (786) 914-1017 or email sales@breakthrurealty.com to see 2323 Polk Street.
Questions About 2323 Polk Street
- How much is 2323 Polk Street?
- 2323 Polk Street is listed at $2,999,990. The listing page shows comparable active listings and recent closed sales nearby so you can judge the asking price against what buyers have actually paid.
- What are the property taxes on 2323 Polk Street?
- The listing reports annual property taxes of $23,284 for 2025. Taxes are reassessed at the sale price after a purchase, so a new owner's bill can differ from the current owner's; use the mortgage calculator on this page for an estimate.
- How long has 2323 Polk Street been on the market?
- 2323 Polk Street has been listed for 207 days. Days on market and price changes are the first signals of how much room there is to negotiate.
- Which schools serve 2323 Polk Street?
- The MLS lists Oakridge (elementary), Olsen (middle), South Broward (high). School assignments are set by the district and can change; verify them with the school board before you rely on them.
- How do I see 2323 Polk Street?
- Request a showing from this page or call BreakThru Realty and a licensed agent will arrange a private tour, in person or by video, and answer anything the listing leaves out.
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