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2531 Pierce Street, Hollywood FL 33020

Commercial For Sale
$697,500

BTC: 10.86624455

ETH: 395.64590967

18 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

Details

Type:
Commercial Sale
Parking:
Awning / Covered
Year Built:
1949
Lot:
0.35 Acres
Heating:
Window/Wall
Price/sqft:
No Data
Cooling:
Ceiling Fan(s) / Wall/Window Unit(s)
HOA:
No Data

Valuation

Our model vs. what's actually selling nearby.
Estimate
$1,450,000
$649K – $3.1M
Confidence Low
List vs. estimate
$752K below estimate
List $697,500 · -51.9%
Our model says this listing is priced below recent comparable activity. Expect competition.
Based on
25 MLS comparables
Median of recent comparable listings. Sold comps use closing price, active listings use list price.

Highlights

Annual tax
$9,666
2025
Parking
4 spaces
All facts and features
  • Flooring

    • Parquet

    • Terrazzo

    • Tile

    • Vinyl

    Heating

    • Window/Wall

    Cooling

    • Ceiling Fan(s)

    • Wall/Window Unit(s)

  • Parking

    • Awning

    • Covered

    Lot

    • Lot: 0.35 Acres

    Other Property Information

    • Parcel Number: 514216015270

    • Zoning: RM-18

  • Type and style

    • Property Type: Commercial Sale

    • Property Sub Type: Multi Family

  • 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: B26036967

    Other facts

    • Construction Materials: Concrete Block Construction / CBS Construction / Stucco

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

    • 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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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.