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34295929
34295925

2 Locations

SM
FL FL SL3243522
Scarlett Harper Commercial
ML
FL SL3628630
Scarlett Harper Commercial
Listed by Scarlett Harper Commercial
$2,100,000
1 day on market
Updated 1 day ago

Income Producing Property with Redevelopment Potential

Details
Property Type Multifamily, Land
Sub Type Commercial, Apartment Building
Square Footage 2,538
Units 6
Cap Rate 3.25%
NOI $68,170
Occupancy 69.88%
Tenancy Multi
Pro-Forma Cap Rate 5.25%
Pro-Forma NOI $110,170
Price per SqFt $61
Buildings 2
Stories 1
Acreage 0.250
Zoning Federal Highway Medium-High Intensity Multifamily
Investment Type Redevelopment

5-Story Multifamily Development Opportunity with In-Place Income

Marketing description

Scarlett Harper Commercial presents 1736-1738 Dewey Street, a 0.25 AC (10,842 SF) shovel-ready development site in the heart of Hollywood's rapidly transforming East Hollywood corridor.

Zoned FH-2 (Federal Highway Medium-High Intensity Multi-Family), the property allows up to 5 stories with unlimited residential density and a 3 FAR, supporting up to 32,524 SF of buildable area and an estimated 20-38 units (subject to site plan approval). Unlike the standard 5,000 SF lots that dominate the area, this pre-assembled double lot offers 100+ feet of street frontage under a single folio, eliminating the time, cost, and risk associated with assemblage. The site is currently improved with two CBS structures totaling 2,538 SF and configured as multiple income-producing units across two structures. With a verified land valuation at $194/SF and positioning within recent comparable land sales, this offering represents a true land play with income in place.

Strategically located just off US-1/Federal Highway and within walking distance to Young Circle and Downtown Hollywood's ArtsPark, the property sits in a corridor experiencing active redevelopment into mid-rise multifamily and mixed-use projects. Less than one mile from Hollywood Beach and minutes to Port Everglades, Fort Lauderdale-Hollywood International Airport, and major employment drivers, the site benefits from strong regional connectivity and sustained population growth. East Hollywood continues to attract developers seeking higher-density product in a supply-constrained coastal market, positioning this parcel as a rare opportunity to deliver new construction in a proven infill location.

Investment highlights

  • 10,842 SF DEVELOPMENT PARCEL: 5-Story Multifamily Development, 3 FAR, Up to 32,524 Buildable Area, Estimated 20-38 Unit Mid-Rise Potential (Subject to Approvals), 100 Ft Frontage on Dewey Street
  • FH-2 ZONING / RAC OVERLAY: Medium-High Intensity Multifamily, Build up to 5 Stories, Unlimited Density!
  • INCOME PRODUCING EXISTING IMPROVEMENTS: Residential income in place across two CBS structures, 2,538 SF Over Two Buildings
  • LOCATION & ACCESS: 1 Block to S Federal Hwy / US-1, Public Transportation Bus Stops, Walking Distance to Young Circle, Downtown Hollywood, 2 mi to Hollywood Beach Broadwalk, 2 mi to I-95, 5 mi to FLL Int'l Airport

Listing Contacts

SM
FL FL SL3243522
Scarlett Harper Commercial
ML
FL SL3628630
Scarlett Harper Commercial
Listed by Scarlett Harper Commercial

Valuation Calculator

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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$68,170.00
$5,680.83/mo

Valuation Metrics

0
DSCR
3.25%
Cap Rate
3.25%
ROI

Map

Zoning

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FH-2 MixedMixed UseFederal Highway Medium High Intensity Mixed Use District
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Last updated May 25, 2026 For deeper zoning details, reports are available at Zoneomics

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Property History

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Tax History

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Additional Information

Name
Sebastian Misiewicz
License
FL SL3243522
Brokerage Phone
305-904-5956
Name
Matthew Lago
License
SL3628630
Brokerage Phone
305-904-5956
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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