Prime development opportunity in the heart of Hollywood’s North Downtown District. The property is offered with an approved site plan for a 5-unit multifamily building, allowing a streamlined path to development. The vacant and cleared lot is zoned ND-1 (North Downtown District 1) and consists of 8,047 SqFt, with alley access, providing added flexibility, services, and overall site functionality. The approved project features a three-story multifamily building with ground-floor parking and five residential units above. Each unit is designed with 2 bedrooms and 2.5 bathrooms, and the site plan includes a total of 9 parking spaces. Seller will deliver the approved site plan prior to or at closing, allowing the buyer to bypass the entitlement phase and move directly toward permitting. Excellent location just minutes from Downtown Hollywood, major corridors, dining, retail, public transportation, and approximately 5 minutes from the beach. The area continues to experience strong redevelopment momentum, with short-term rental activity expanding nearby, adding potential upside depending on future use and strategy.
