Home » Properties » 1741 Dewey St, Hollywood FL 33020

80401b6ef79b15b6049ba78c8b9efeef_80401b6ef79b15b6049ba78c8b9efeef-m1_7ac6ae1a80903c3d73766e4b8d7b1766-83dcefb7

80401b6ef79b15b6049ba78c8b9efeef_80401b6ef79b15b6049ba78c8b9efeef-m2_a1cfb024919ab8b8da537a6b502f0625-1ad5be0d

Commercial Land at 1741 Dewey St, Hollywood FL 33020

13,550 SF commercial land zoned FH-2 in downtown Hollywood, ideal for multifamily development with existing income.

$1,849,000

Interested in this property?

Contact our team to schedule a private tour or request additional information about this property.

Schedule a Tour Contact Agent

$ Mortgage Calculator ● WhatsApp

Florida Local Time --:--

MLS #A11700681

Listing Updated: 2026-07-17 00:41:34

Listed By: One Sotheby's International Realty

Overview

This 13,550 square feet commercial land located at 1741 Dewey St in Hollywood, FL offers a unique opportunity for multifamily development in a vibrant area east of Federal Highway. Zoned FH-2, the property includes two parcels and features an existing fourplex generating approximately $6,000 monthly income. The proposed project envisions a 24-unit multifamily building with a mix of two-bedroom and one-bedroom units, rooftop amenities including a gym and social room, and a swimming pool above structured parking. Architectural plans by Kaller Architecture are available, though engineering and city approvals are pending. Situated near Young Circle and downtown Hollywood, the location benefits from proximity to Fort Lauderdale International Airport and a growing neighborhood with new developments.

Property Highlights

13,550 SF land zoned FH-2; two parcels east of Federal Hwy; existing fourplex with $6,000 monthly income; proposed 24-unit multifamily project; rooftop pool, gym, social room; near Young Circle and downtown Hollywood; close to Fort Lauderdale Airport.

Property Details

City: Hollywood

State: FL

Zip Code: 33020

Address: 1741 Dewey St, Hollywood FL 33020

Year Built:

Property Type: Commercial Land

Property Sub Type: Income/MultiFamily

Listing Office Name: One Sotheby's International Realty

County: Broward County

Garage Spaces:

Parking Features:

Interior Features:

Exterior Features:

Waterfront: No

Pool: No

HOA Fee: $0

Annual Tax: $5,593

Days On Market: 575 Days

Original Listing Description

13,550 SF of land consisting of two parcels, zoned FH-2, EAST of FEDERAL HWY! BY YOUNG CIRCLE, DOWNTOWN HOLLYWOOD 15 MIN TO INT'L FT LAUD AIRPORT. Very nice neighboring buildings and new projects coming up in a very hot area of the city. Project: 24-unit multi-family building consisting of 12 2/2 units, 4 1/1.5 units and 8 1/1 units, with swimming pool over structured parking, and gym and social room on rooftop. Architectural plans developed by renowned Kaller Architecture. Layout and elevations only – no engineering plans yet. Not submitted to City of Hollywood for preliminary review yet. One of the parcels has fourplex building in good condition including 2 recently renovated units. Generating monthly income of approximately $6,000/M while development is underway. ONLY SOLD TOGETHER.

Property Location

Explore the surrounding area, nearby amenities, and neighborhood access for this property.

1741 Dewey St, Hollywood FL 33020

About This Neighborhood

Located in the heart of Hollywood, this property benefits from proximity to Young Circle and downtown, areas known for their community vibe and ongoing revitalization. The neighborhood offers a mix of residential and commercial developments, with new projects enhancing the local landscape. Easy access to Federal Highway and Fort Lauderdale International Airport adds convenience for residents and visitors. The area is increasingly popular for multifamily housing due to its central location and amenities, making it a dynamic and evolving neighborhood.

Walkability & Lifestyle

The property’s location near Young Circle and downtown Hollywood offers excellent walkability to restaurants, shops, parks, and entertainment venues. Residents can enjoy easy access to local dining options, boutique stores, and cultural attractions within walking distance. The nearby waterfront areas and beaches provide additional recreational opportunities, enhancing lifestyle options. Public transportation and major roadways are also conveniently accessible, supporting daily commuting and leisure activities.

Things To Do Nearby

Hollywood’s vibrant lifestyle includes a range of activities such as dining at diverse restaurants, visiting art galleries, and enjoying waterfront parks and marinas. The nearby Young Circle hosts community events and markets, adding to the neighborhood’s appeal. Residents can explore beaches, boating, golfing, and nightlife within a short drive. Cultural attractions and outdoor recreation options contribute to a balanced and engaging lifestyle for homeowners and renters alike.

Nearby Schools

Hollywood offers convenient access to a variety of educational institutions serving families and residents in the area. The neighborhood’s central location ensures reasonable commuting times to public and private schools, supporting families seeking quality education options. Proximity to downtown and community centers also provides access to extracurricular and enrichment programs, contributing to a well-rounded living environment for residents.

Why Buyers Like This Area

Buyers appreciate this area for its central location, accessibility, and evolving community atmosphere. The proximity to downtown Hollywood and Young Circle provides convenient access to amenities and transportation. The property’s multifamily zoning and existing income make it attractive for developers and investors seeking to capitalize on local demand. The neighborhood’s mix of established and new developments creates a dynamic environment that appeals to a broad range of buyers and renters.

Investment Potential

This commercial land in Hollywood offers promising potential for multifamily development, supported by existing rental income from a fourplex on site. Its location east of Federal Highway near downtown and Young Circle enhances appeal for tenants and developers alike. The property’s zoning allows for a sizable residential project including amenities such as a rooftop pool and gym, which can increase desirability. While engineering and city approvals are pending, the area’s growth and new projects nearby suggest sustained interest. Investors seeking a development opportunity with immediate income may find this property suitable.

Market Trends

Hollywood’s real estate market shows steady demand for multifamily properties, driven by its strategic location and growing population. Inventory in sought-after areas near downtown and Young Circle remains competitive, attracting developers and buyers interested in new construction and redevelopment opportunities. The city’s focus on urban revitalization and infrastructure improvements supports long-term interest. Properties with development potential and existing income streams, like this one, align well with current market preferences for mixed-use and multifamily projects.

Rental Income Potential

The existing fourplex on the property generates approximately $6,000 per month, providing a stable income while development plans progress. This income stream reflects tenant interest in the area and supports the viability of a multifamily project. The location’s accessibility and neighborhood amenities contribute to rental appeal, attracting a range of prospective tenants. Seasonal demand and ongoing neighborhood growth may further enhance rental prospects, making the property attractive for investors considering phased development or holding strategies.