1935, 1947, 1951 Lincoln St
1935 Lincoln Street, Hollywood, FL 33020
Marketing description
Cushman & Wakefield, as exclusive listing broker, is pleased to present the unique opportunity to acquire a prime 0.6-acre (26,077 SF) boutique apartment development site strategically located in the heart of Hollywood. The subject site consists of a hard-to-find assemblage positioned a few blocks from Young Circle as well as the Central Business District of Hollywood. Young Circle, recognized as a major economic driver in the region, is home to an array of restaurants, boutique stores, and bars.
The site has approvals for a 5-story boutique 48-unit apartment building with a highly efficient design that lowers construction costs. The project features a rooftop amenity deck as well as indoor amenities on the second floor. The prospective buyer will be able to assume the approved plans and begin the permitting process. The property is currently rented month to month, therefore, providing a stream of income until construction begins. This is a unique opportunity for a buyer to enter the Hollywood market with a boutique project and deliver a residential product that is high in demand.
The area's increasing residential appeal, combined with the city's solid economy and favorable demographic trends, reinforces Hollywood's status as an attractive rental market. Its strategic location between Miami and Fort Lauderdale, and the sought-after live-work-play lifestyle it offers, underscore Hollywood's dynamic urban appeal, with Young Circle at its heart.
Investment highlights
- Fully Approved 48-Unit Development Site
- Lot Size: 0.6 acres (26,077 square feet)
- Total Approved Units: 48
- Unit Mix: 36 - 1BR/1BA, 12 - 2BR/2BA
- Max Buildable SF: 52,155
- FAR: 2.0
- Maximum Height: 5 stories (55 feet)
- Zoning: ND-2
- Access: Lincoln Street
- Ground Floor: 59 parking spaces (53 regular + 6 tandem), lobby, mail room, trash room, storage, mechanical rooms, and bicycle racks (14 spaces)
- Second Floor: 10 residential units (8 one-bedroom, 2 two-bedroom) plus amenity space (1,149 SF interior + 254 SF terrace) and administrative office
- Third & Fourth Floors: 12 residential units per floor (8 one-bedroom Type A, 2 one-bedroom Type C, 2 two-bedroom Type B)
- Fifth Floor: 10 residential units (4 one-bedroom, 2 one-bedroom Type C, 2 two-bedroom Type B, 2 two-bedroom Type D [penthouse])
- Rooftop (6th Floor): Amenity deck with sun decks, lounge areas, dual BBQ/bar stations, viewpoint terrace, restrooms, and landscaped areas
- Property currently rented month to month, providing a stream of income until construction begins
- Strategically located a few blocks from Young Circle and the Central Business District of Hollywood
- Almost equidistant between Interstate-95 and U.S. 1
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