1741 Dewey St
Multifamily Development Opportunity
Marketing description
13,550 SF of land consisting of two parcels, zoned FH-2, EAST of FEDERAL HWY! BY YOUNG CIRCLE, DOWNTOWN HOLLYWOOD 15 MIN TO INT'L FT LAUD AIRPORT. Very nice neighboring buildings and new projects coming up in a very hot area of the city. Project: 24-unit multi-family building consisting of 12 2/2 units, 4 1/1.5 units and 8 1/1 units, with swimming pool over structured parking, and gym and social room on rooftop. Architectural plans developed by renowned Kaller Architecture. Layout and elevations only – no engineering plans yet. Not submitted to City of Hollywood for preliminary review yet. One of the parcels has fourplex building in good condition including 2 recently renovated units. Generating monthly income of approximately $6,000/M while development is underway. ONLY SOLD TOGETHER. Parcel Identification Number: 514222091380 and 514222091390. TOTAL 13,550 SF LAND COMBINED. (Note: this corresponds to about $137/sf of land in premium mixed-use-zoned location and to about $77K/unit, which is also very good for the area). Do not bother tenants. Showings will only be scheduled to approved offers. Send questions and offers to [email protected]
Investment highlights
- Prime FH-2 Zoned Development Site – East of Federal Hwy
- ±13,550 SF across two contiguous parcels in a highly desirable pocket near Young Circle and Downtown Hollywood—one of Broward County’s most active redevelopment corridors.
- Covered Land Play with In-Place Income
- Existing fourplex generates approximately $6,000/month, allowing investors to offset holding costs during planning and entitlement phases.
- High-Density Multifamily Development Potential
- Conceptual plans for a 24-unit multifamily project featuring:
- 12 × 2BR/2BA
- 4 × 1BR/1.5BA
- 8 × 1BR/1BA
- Plus structured parking, rooftop amenities (gym & social room), and pool deck.
- Architectural Concept by Recognized Firm
- Plans prepared by Kaller Architecture (layouts and elevations completed), providing a strong foundation for expedited design development.
- Attractive Basis per Unit and Land Footprint
- Approx. $77K per planned unit
- Approx. $137/SF land basis
- → Competitive entry pricing relative to comparable development sites in the submarket.
- Strategic Location with Strong Demand Drivers
- Walking distance to Young Circle and minutes to beaches, dining, and entertainment in Hollywood.
- Approximately 15 minutes to Fort Lauderdale-Hollywood International Airport, supporting both rental demand and long-term appreciation.
- Emerging Development Corridor
- Surrounded by new and planned projects, reinforcing long-term value and positioning the site within a rapidly transforming neighborhood.
- Flexible Execution Strategy
- Advance plans and entitlements, then sell shovel-ready
- Develop and hold as stabilized multifamily asset
- Build and exit upon completion
- Rare Assemblage Opportunity
- Two parcels sold together, enabling scale and density that are increasingly difficult to replicate in this submarket.
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