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2531 Pierce Street, Hollywood FL 33020

Commercial For Sale
$697,500

BTC: 11.16000000

ETH: 414.51239080

5 days
0 room(s)

Overview

Rare opportunity to acquire income producing 3/2 home w/in-law suite & additional development capacity, walking distance from library, parks & Downtown Hollywood, at over 20% below market value. Keep the existing home & add 8 (2 bedroom) units for 9 units total. Included site plan shows layout, parking & access. Meeting with city has been held; feasibility & zoning compliance confirmed. Land comps:$50k per (mostly 1 bed) unit sold, $58k-$101k per (mostly 1 bed) unit active. 3/2 house comps:$499k-$679k active, $410k-$580k sold. Subject property: 3/2 house + 8 (2 bedroom) units buildable land; market value ~$900k. 2 bed rents:$1.8k-$2.5k/mo. 3 bed rents:$3k-$3.8k/mo. Build cost:~$1.5M. All in:~$2.2M Projected value:$3M+ = ~$1M equity. Potential ~10% cap. Opportunity zone. Seller will finance

Location

Florida • Hollywood • 33020 • Commercial • For Sale

Details

Type:
Commercial Land
Parking:
No Data
Year Built:
No Data
Lot:
0.35 Acres
Heating:
No Data
Price/sqft:
No Data
Cooling:
No Data
HOA:
No Data

Valuation

Our model vs. what's actually selling nearby.
Estimate
$1,250,000
$471K – $2.8M
Confidence Low
List vs. estimate
$552K below estimate
List $697,500 · -44.2%
Our model says this listing is priced below recent comparable activity. Expect competition.
Based on
5 MLS comparables
Median of recent comparable listings. Sold comps use closing price, active listings use list price.

Highlights

Annual tax
$9,666
2025
All facts and features

  • Lot

    • Lot: 0.35 Acres

    Other Property Information

    • Parcel Number: 514216015270

    • Zoning: RM-18

  • Type and style

    • Property Type: Commercial Land

    • Property Sub Type: Agriculture

  • Utility

    • Other Utilities Available

    • Septic

    • Cable Available

    • Electricity Available

    • Other

    • Phone Available

    • Sewer Available

    • Water Available

  • Other financial information

    • Annual tax amount: $9,666

  • Source details

    • MLS ID: B26036934

    Other facts

    • Lot Features: 1/4 To Less Than 1/2 Acre Lot / Less Than 1 Acre / Oversized Lot / Septic

    • Direction Faces: South

    • Water Source: Public

    • Subdivision Name: HOLLYWOOD LITTLE RANCHES

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
551
median $500K
Active
Same city
Hollywood
1,834
median $528K
Active
Same type
Commercial
140
median $1.5M
Active
Similar price
$488K – $906K
609
median $642K
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: United Realty Group Inc.