2040 Polk Street
Hollywood, FL, 33020
$
1,799,000
Bedrooms--
Baths--
Sq
2,576
Monthly Estimate*
$
11,359
for $1,799,000. This 2,576 square foot building was built in 1945 on a lot size of 0.11.
Exceptional mixed-use redevelopment opportunity in the heart of Downtown Hollywood, Florida! Situated on a highly visible corner lot, this property is currently operating as a successful income-producing Airbnb and wellness spa, offering immediate cash flow while planning for future development. Zoned ND-3, this premier site allows for a wide variety of residential, commercial, office, hospitality, and mixed-use applications, with the potential to develop up to 10 stories. Located just steps from vibrant Hollywood Boulevard and surrounded by new development, restaurants, retail, entertainment, and luxury residential projects, this property sits in one of the fastest-growing and most dynamic corridors in Broward County. The area continues to experience significant investment and redevelopment, making this a rare opportunity for investors, developers, and owner-users alike. Ideal for a luxury residential tower, boutique mixed-use development, medical office, wellness center, law firm headquarters, professional office building, boutique hotel, or continued hospitality and spa operation. The corner location provides excellent visibility, accessibility, and long-term appreciation potential. Whether you're seeking an income-producing asset today or a strategic land acquisition for tomorrow's development, this property offers the flexibility, zoning, and location that sophisticated investors and developers are looking for. Some pictures are virtual renderings of future potential projects.
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Features
General
Sewer
Public Sewer
Heating
Central
Cooling
Central Air
Utilities
Electricity Connected
Sewer Connected
Water Connected
Possession
Close Of Escrow
Roof
Composition
Shingle
Security Features
Closed Circuit Camera(s)
Other
Smoke Detector(s)
Construction Materials
Brick
Block
Year Built
1945
Electric
Other
Property Subtype
Mixed Use
Tax Year
2025
Accessibility
Accessibility Features
County
Broward
New Construction
false
Property Type
Commercial Sale
Building Features
Conference Room
Kitchen Facilities
Private Restrooms
Status
Active
City
Hollywood
MLS Area
3050
Tax Annual Amount
14478.09
Property Condition
Resale
Virtual Tour
https://www.zillow.com/view-imx/20a04185-dff8-404a-a2e8-7e5916a2bd30?wl=true&setAttribution=mls&initialViewType=pano
Standard Status
Active
Occupancy Type
Owner
Ownership Type
Sole Proprietor
Property Sub Type Additional
Mixed Use
Legal Description
HOLLYWOOD 1-21 B LOT 1 BLK 10
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Interior
Flooring
Concrete
Ceramic Tile
Tile
Wood
Total Stories
1
Air Conditioning Y/N
true
Heating Y/N
true
Total Baths
0
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Exterior
Fencing
Partial
Parking Features
Assigned
Common
Guest
Lot Features
Central Business District
Corner Lot
Residential Lot
< 1/4 Acre
Water Source
Public
Total Parking
4
Lot Size Area
4791.6
Number of Buildings
1
Building Area Total
2576
Lot Size Acres
0.11
Road Frontage Type
City Street
Highway
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* Excluded Features
List By
Jordan Sorman
Listing Agent
Affordability Calculator
- Monthly Principal & Interest
- $11,359
- Monthly Property Taxes
- $1,207
- Monthly Home Insurance
- --
Default based on a 30-year fixed rate of 6.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
Learn more about how to save
Nearby
Commerical listings in Hollywood, FL
Average List Price
$1,712,369
Percent of Sale Price
5%
About Hollywood, FL
150,867
Population
9%
Since 2002
$
50,895
Median Income
43.28
Median Age
25%
Households with Children
Trends Information provided by ATTOM Data Solutions.
4827338
Elementary School
4827337
Middle School
Unknown High School
High School
Pricing History
| Date |
Price |
Price Change |
Description |
|
6/25/2026
|
$1,799,000
|
|
Listed Price
|