Home » Properties » 307 S 24th Ave, Hollywood FL 33020

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Commercial Lot Near Hollywood Blvd with Approved Site Plan

Prime 8,000 sqft corner lot in Hollywood with approved plans for 12 units and parking near the beach and city amenities.

$759,000

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MLS #A11693794

Listing Updated: 2026-07-11 00:41:22

Listed By: Yaffe International Realty

Overview

This 8,000 sqft commercial land parcel at 307 S 24th Ave offers a unique development opportunity in Hollywood’s vibrant core. The approved site plan envisions a four-story building with 12 one-bedroom units and 14 parking spaces, totaling over 11,700 sqft under air conditioning. Located just steps from Hollywood Blvd and Young Circle, residents would enjoy quick access to local dining, shopping, and green spaces. Only 2.8 miles from the beach, this site blends urban convenience with coastal lifestyle appeal.Currently, the property includes a tenant paying $2,700 monthly, helping maintain income during development planning. Situated less than a half-mile from Ben Gamla Charter School, the location is also well-suited for residents seeking easy access to educational facilities, making it an attractive choice for future occupants.

Property Highlights

8,000 sqft commercial corner lot with approved site plan; 12 one-bedroom units; 14 parking spaces; close to Hollywood Blvd and Young Circle; 2.8 miles from the beach; tenant paying $2,700 monthly; near Ben Gamla Charter School.

Property Details

City: Hollywood

State: FL

Zip Code: 33020

Address: 307 S 24th Ave, Hollywood FL 33020

Year Built:

Property Type: Commercial Land

Property Sub Type:

Listing Office Name: Yaffe International Realty

County: Broward County

Garage Spaces:

Parking Features:

Interior Features:

Exterior Features:

Waterfront: No

Pool: No

HOA Fee: $0

Annual Tax: $7,545

Days On Market: 578 Days

Original Listing Description

Price reduced by $100k+! SITE PLAN APPROVED! Prime development opportunity in the heart of Hollywood! This 8,000 sqft corner lot comes with a ready-to-go approved site plan for a 4-story building. Plans include 11,700+ sqft under A/C, featuring 12 one-bedroom units and 14 parking spaces. Located just off Hollywood Blvd, near Young Circle, and only 2.8 miles to the beach. A half-mile from Ben Gamla Charter School, this property combines convenience, growth potential, and strong ROI. Don’t miss this chance to invest in Hollywood’s future! The Best Part? The current house has a tenant paying $2,700 a month so you don't have to incur expenses while preparing to build.

Property Location

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

307 S 24th Ave, Hollywood FL 33020

About This Neighborhood

Nestled close to Hollywood Boulevard and the popular Young Circle, this property benefits from an urban neighborhood with a dynamic mix of shops, restaurants, and entertainment. The walkable streets and nearby parks support an active lifestyle while the area’s ongoing growth ensures a lively environment for future residents or business ventures.

Walkability & Lifestyle

Located just off Hollywood Boulevard, the site offers excellent walkability to nearby dining, boutique shopping, and cultural venues. The nearby Young Circle park hosts community events and outdoor activities, creating a lively urban rhythm perfect for residents who enjoy an active, pedestrian-friendly environment.

Things To Do Nearby

Residents and visitors can enjoy a variety of local attractions including waterfront activities on the nearby beaches, vibrant nightlife, and diverse dining options. The proximity to Young Circle provides green space for leisure and community events, while the Hollywood beach is just a short drive away for sun and surf enthusiasts.

Nearby Schools

Families will appreciate the property's close access to Ben Gamla Charter School, just under half a mile away. This convenience supports easy daily commutes for students and adds to the neighborhood’s family-friendly character, enhancing the living experience for residents with children.

Why Buyers Like This Area

Buyers are drawn to this site for its approved building plans and excellent location in Hollywood’s well-established yet growing community. The ability to generate rental income before development, combined with easy access to both urban amenities and the beach, makes it a compelling option for a range of buyers from developers to local entrepreneurs.

Investment Potential

This commercial lot in Hollywood offers a well-positioned site for development with a pre-approved plan for a multi-unit building. Its proximity to the beach and downtown amenities adds appeal for renters and buyers seeking a vibrant community. The existing tenant generating rental income helps offset holding costs, making it a practical option for developers ready to build in a high-demand area.

Market Trends

Hollywood's real estate market continues to evolve with increasing interest in multi-family and mixed-use developments. This property’s approved planning aligns with current trends favoring walkable, amenity-rich locations close to the coast, where lifestyle convenience drives demand among residents and local businesses alike.

Rental Income Potential

The property includes a current tenant paying $2,700 per month, providing steady rental income during the pre-construction phase. This rental appeal is strengthened by the location’s proximity to schools, beaches, and downtown attractions, which typically attract tenants looking for convenience and lifestyle options in Hollywood.