This development opportunity consists of two adjacent lots at 1841 and 1847 Mayo Street in Hollywood, offering a combined 16,377-square-foot development site currently generating approximately $4,000 per month in rental income. The property is zoned for high-intensity multifamily use and presents the potential to develop up to 32 residential units, with a proposed mix of four studios, 14 one-bedroom units, and 14 two-bedroom units. Located in a rapidly growing Hollywood market with strong rental demand, the property offers an attractive opportunity for developers and investors seeking to capitalize on continued area growth. Both properties are currently tenant-occupied on month-to-month leases, providing immediate rental income while maintaining flexibility for future redevelopment.
- Sewer
- State:
- FL
- County:
- Broward
- City:
- Hollywood
- Zipcode:
- 33020
- Street:
- 1841 Mayo St, Hollywood, Florida 33020
- Longitude:
- W81° 51' 21.1''
- Latitude:
- N25° 59' 55''
- Cumulative DOM:
- 42
- DOM:
- 2
- Internet Address Display:
- 1
- Internet Listing Display:
- 1
- LotSize Dimensions:
- 120
- Parcel Number:
- 514222330090
- Structure Type:
- Apartment
- Tax Annual Amount:
- $7,329
- Virtual Tour:
- Click Here
Commercial Sale For Sale
1841 Mayo St, Hollywood, Florida 33020, Hollywood, Florida 33020
- Property Type :
- Commercial Sale
- Listing Type :
- For Sale
- Price :
- $1,200,000
- Lot Area :
- 16,377 Sqft
- MLS # :
- A12072948
- Property Sub Type :
- Multi Family
