2040 Polk StreetHollywood, 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 photos are virtual renderings. 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 Whole Block!

Property Information

Property type

Residential Income

Sub-type

Duplex

Structure type

Duplex

Year built

1945

Stories

1

Living area

3,040 Sq Ft

Lot size

0.11 acres

Parking spaces

4

Zoning

ND-3

Days on market

101

MLS^® Listing#

B26045137

Property Features

Exterior

Awning(s) · Garden

Cooling

Central Air

Heating

Central

Flooring

Laminate · Tile · Wood

Lot features

Garden

Construction

Brick · Block

Roof

Shingle

Utilities

Electricity Connected · Water Connected

Sewer

Public Sewer

Water source

Public

Schools

Elementary

Hollywood Central

Middle

Olsen

High

South Broward

Financial Details

HOA

None

Annual taxes

$14,478Tax year 2025

Assessed value

$632,110

Parcel number

514215011690