Commercial property in Hollywood, Florida № 2057004

Property description

Rare development opportunity at 2306 Van Buren St with approved plans for a 36-unit project. The property is zoned DH-2, allowing for strong redevelopment potential in a growing area. The unit mix consists of 18 one-bedroom units, 12 two-bedroom units, and 6 three-bedroom units, offering a well-balanced layout that supports strong rental demand. The property is currently occupied with all tenants on month-to-month leases, providing flexibility for redevelopment while generating in-place income. With a pro forma gross operating income of $1,268,080, this site presents a compelling opportunity for developers seeking to capitalize on a high-upside project. Ideally located approximately 3 minutes to Downtown Hollywood and Young Circle, 5 minutes to US-1, 10 minutes to Fort Lauderdale–Hollywood International Airport, and 10 minutes to the beach, offering excellent accessibility and strong rental demand drivers.