Listed by ONE Sotheby's International Realty Miami Beach
$1,849,000
1741 Dewey St
Details
APN 1380
Property Type Land, Multifamily
Sub Type Commercial
Square Footage 13,548
Units 24
Tenancy Multi
Class A
Acreage 0.311
Zoning FH-2
Investment Type Redevelopment
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.
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.
Listing Contacts
Listed by ONE Sotheby's International Realty Miami Beach
Valuation Calculator
Login or Sign up to see Valuation Metrics
Sign up for Crexi to see valuation metrics for this property
Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$--
$--
Valuation Metrics
0
DSCR
--
Cap Rate
--
ROI
Broker Selected Comps View More Comps
Property History
Tax History
Similar Properties
Additional Information
Name
License
Brokerage
Brokerage Phone
Title
Brokerage Address
Is there information that looks off?
