THE LEISURE | 111% ROI
111% ROI – Development Opportunity in Young Circle, Hollywood, FL
Marketing description
We’re pleased to present a rare shovel-ready development opportunity in the heart of Downtown Hollywood.
This fully entitled 20,500 SF MC-1 zoned lot comes with approved construction plans and permits for a 3-story, 30-unit multifamily building.
The project includes a mix of spacious 1- and 2-bedroom units, a rooftop deck with open-air pool, landscaped green space with BBQ area, and 42 covered parking spaces plus bicycle parking.
With conventional financing, an investor could achieve 111% of Net Investment Return.
Located just a 10-minute walk from Young Circle and an 8-minute drive to Hollywood Beach, this site offers unbeatable access to restaurants, arts, transit (US-1, I-95), and year-round coastal lifestyle. All reports completed — geotechnical, zoning, site plan approval — allowing a buyer to close with permits in hand and begin construction immediately.
Investment highlights
- With conventional financing, an investor could achieve 111% of Net Investment Return
- Hollywood is booming with over $1.5B in real estate development surrounding Young Circle in 2024
- Rapidly growing rental market with new leases surpassing $3/SQFT
- New construction condo sales exceeding $625/SQFT
- Located in a well-established residential community surrounded by homes valued up to $7M+
- Strong local school district and family-friendly amenities
- Steady home price growth for 12 consecutive years
- Area upgrades include Young Circle redesign, beachfront boardwalk expansion, and new transit infrastructure
- Home values in Florida have surged by 164% over the past decade - jumping from an average of $144,464 in 2013 to $381,922 in 2023
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