2040 Polk Street, Hollywood, FL 33020

About This Home

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 for sale separately, offering a rare chance to assemble nearly .40 acres for a larger-scale project. Own The Whole Block!

Property Details

Bathrooms Full

2

Bathrooms Half

0

Interior Features

No Interior Features, Pantry

Appliances

Microwave, Refrigerator

Flooring

Tile, Wood

Heating

Central

Cooling

Central Air

Furnished

Furnished,Furniture Only

Architectural Style

One Story

Parking Features

2 Or More Spaces, Open, On Street

Building & Association

Stories

1

Stories Total

1

Association

No

Pets Allowed

Yes

Security Features

Smoke Alarm, Smoke Detector(s), Smoke Detector, TV Camera, TV Monitor

Lot & Construction

Lot Features

Less Than 1/4 Acre Lot, Less Than 1 Acre

Lot Size Square Feet

4,699

Waterfront

No

View

No

Construction Materials

Concrete Block Construction, Stucco

Roof

Comp Shingle Roof, Shingle

New Construction

No

Public Records

Parcel Number

514215011690

Tax Annual Amount

$14,478

Tax Year

2,025

Zoning

ND-3

County Or Parish

Broward County

Location