2040 Polk Street,Hollywood, FL 33020
Hollywood, FL 33020
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 pictures are virtual renderings of future potential projects. NOTE: The adjoining property at 219 N 21st Ave is also available for sale separately, offering a rare chance to assemble nearly .40 acres for a larger-scale project. Own The Entire Block!
Details
| MLS # | B26045128 |
|---|---|
| Listing Type | For Sale |
| Style | Mixeduse |
| Sub-Type | Resale |
| Status | Active |
| Year | 1945 |
| Days On Site | 71 |
| Listing Provided By | Signature International RE | Jordan Sorman |
Features
| SQ Feet | 3,040 |
|---|---|
| Story(s) | 1 |
| Building(s) | 1 |
| Zoning | ND-3 |
| Acreage | 0.11 |
Exterior
| Lot Features | Less Than One Acre, Corner Lot, Less Than Quarter Acre |
|---|
Parking
| Parking Features | Assigned, Common, Guest |
|---|
Taxes
| Tax Annual Amount | 14478 |
|---|
Area Information
| State | FL |
|---|---|
| County | Broward |
| City | Hollywood |
| Zip Code | 33020 |
| Area | 3050 |
| Subarea | Hollywood East (3010 3050) |
| Listing VS Median (in 33020) | |
Price: $1,799,000 low | high Med: $8,699 sqft: 3,040 low | high Med: 2,141 $ / sqft: $592 low | high Med: $4 On site: 71 low | high Med: 475 | |
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Learn More About This Property
| State | FL |
|---|---|
| County | Broward |
| City | Hollywood |
| Zip Code | 33020 |
| Area | 3050 |
| Subarea | Hollywood East (3010 3050) |
| Listing VS Median (in 33020) | |
Price: $1,799,000 low | high Med: $8,699 sqft: 3,040 low | high Med: 2,141 $ / sqft: $592 low | high Med: $4 On site: 71 low | high Med: 475 | |
 | $1,799,0002040 Polk StreetHollywood, FL 33020 |
 | $1,799,0002040 Polk StreetHollywood, FL 33020 |