Income Producing Property with Redevelopment Potential
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
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