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2040 Polk Street, Hollywood FL 33020

Commercial For Sale
$1,799,000

BTC: 29.98333333

ETH: 1,160.64516129

New
0 room(s)

Overview

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.

Location

Florida • Hollywood • 33020 • Commercial • For Sale

Details

Type:
Commercial Sale
Parking:
Assigned / Common / Guest
Year Built:
1945
Lot:
0.11 Acres
Heating:
Central Building A/C
Price/sqft:
No Data
Cooling:
Central Building A/C / Central Air
HOA:
No Data

Valuation

Our model vs. what's actually selling nearby.
Estimate
$2,899,500
$550K – $5.3M
Confidence Low
List vs. estimate
$1.1M below estimate
List $1,799,000 · -38.0%
Our model says this listing is priced below recent comparable activity. Expect competition.
Based on
6 MLS comparables
Median of recent comparable listings. Sold comps use closing price, active listings use list price.

Highlights

Annual tax
$14,478
2025
Parking
4 spaces
All facts and features

  • Flooring

    • Ceramic Floor

    • Concrete

    • Tile

    • Wood

    Heating

    • Central Building A/C

    Cooling

    • Central Building A/C

    • Central Air

  • Parking

    • Assigned

    • Common

    • Guest

    Lot

    • Lot: 0.11 Acres

    Other Property Information

    • Parcel Number: 514215011690

    • Zoning: ND-3

  • Type and style

    • Property Type: Commercial Sale

    • Property Sub Type: Mixed Use

  • Utility

    • Electricity Available

    • Sewer Available

    • Water Available

  • Other financial information

    • Annual tax amount: $14,478

  • Source details

    • MLS ID: B26045128

    Other facts

    • Construction Materials: Brick / Concrete Block With Brick

    • Lot Features: Central Business District / Less Than 1/4 Acre Lot / Corner Lot / Less Than 1 Acre / In Residential Area

    • Water Source: Public

Private inquiry
Talk to the advisor on this listing.
Floor plans, HOA docs, off-market comparables, scheduling a private showing — one message, direct to the local specialist.

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Market around this address

Live counts in the same area.
View all
This zip
33020
567
median $510K
Active
Same city
Hollywood
1,866
median $529K
Active
Same type
Commercial
151
median $1.5M
Active
Similar price
$1.3M – $2.3M
132
median $1.6M
Active

The multiple listing information is provided by the Miami Association of REALTORS® from a copyrighted compilation of listings. The compilation of listings and each individual listing are ©2026-present Miami Association of REALTORS®. All Rights Reserved. The information provided is for consumers' personal, noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified. Listing courtesy of: Signature International RE