Hollywood Land for Sale

Hollywood Land for Sale

Welcome to Hollywood, a vibrant city located in Broward County, Florida. Known for its rich history and iconic landmarks, Hollywood offers a unique blend of urban amenities and beachside charm. Whether you're looking to settle down or invest in real estate, Hollywood has something to offer for everyone.

Situated in the heart of South Florida, Hollywood boasts a prime location with easy access to major highways, airports, and neighboring cities. This makes it an ideal choice for those seeking convenience and connectivity. The city is also home to a diverse population, creating a multicultural atmosphere that adds to its appeal.

If you're interested in land for sale in Hollywood, you're in luck. With a variety of options available, you can find the perfect plot to build your dream home or develop a lucrative investment property. From spacious residential lots to commercial spaces, Hollywood's real estate market caters to a wide range of needs and preferences.

Investing in land in Hollywood not only offers the potential for future development but also allows you to take advantage of the city's thriving economy. With a growing job market and a strong tourism industry, Hollywood continues to attract businesses and visitors alike. This ensures a steady demand for real estate and provides opportunities for long-term growth and profitability.

Whether you're drawn to Hollywood's stunning beaches, vibrant arts scene, or bustling downtown area, there's no denying the allure of this dynamic city. With land for sale and a promising future, Hollywood is a prime destination for those seeking a thriving community to call home.

Newest Hollywood Land for Sale

$679,850
B26036934 MLS 33020 Zip Code
Rare opportunity to acquire an income producing 3/2 home (w/in-law suite) & additional development capacity, walking distance from schools, library, parks & Downtown Hollywood, at over 20% below market value. Lots of new development nearby. Investors & developers have increasingly turned their attention to this area, recognizing its long term potential. This property should not be viewed solely as a single family home or solely as a land play; the true value is in both. The existing 3 bedroom 2 bathroom home can remain in place and continue generating income while 8 additional units are developed on the same lot, for a total of 9 units, without tearing down the current structure. All of the additional 8 units can be ~760 square foot 2 bedroom apartments. The included site plan shows viable layout, parking & access. A formal Pre-Application Consultation (PAC) meeting with the city has been held; representatives from every relevant discipline were present (planning, zoning, engineering, landscape, fire, etc) and they confirmed the site plan is feasible & compliant with current zoning & regulations. Sold land comps: $50k per (mostly 1 bedroom) unit. Active land comps: $58k-$101k per (mostly 1 bedroom) unit. Two bedroom units generally rent for around 30% more than one bedroom units; land buildable for two bedroom units is generally valued around 30% more than land buildable for one bedroom units. 3/2 house comps: $499k-$679k active, $410k-$580k sold. Subject property is a 3/2 house + 8 (2 bedroom) units of buildable land; market value ~$900k. 2 bed rents:$1.8k-$2.5k/mo. 3 bed rents:$3k-$3.8k/mo. Build cost:~$1.3M-$1.5M. All in:~$2M. Projected value:$3M+ = ~$1M instant equity. Potential ~10% cap. Seller will finance. Property is in a Qualified Opportunity Zone, which offers the potential for major tax benefits including deferring taxes, reducing capital gains taxes, and potentially paying no tax at all on the profit when you sell the property; consult tax professional for details and eligibility. See photos & attachments for details on location, plans, and comps. Call listing agent for more information.

2531 Pierce Street, Hollywood

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