Building Description
Executive Summary
1858 Fletcher Street presents an approved multifamily development opportunity in Hollywood, Florida. The corner site is located near the intersection of U.S. 1 and Pembroke Road, providing convenient connectivity to Downtown Hollywood, Fort Lauderdale-Hollywood International Airport, I-95, and major employment centers throughout Broward County. The property's location benefits from established residential neighborhoods, commercial services, entertainment venues, and ongoing redevelopment activity in the surrounding area.
The site has been marketed as an approved development opportunity for an 18-unit, four-story residential project, with site plans and permits reportedly approved. The parcel is identified as a corner lot and has been cleared, allowing a buyer to focus on advancing development rather than undertaking extensive site preparation. The property's position across from the Big Easy Casino places it within an area experiencing redevelopment and investment activity, which may support future residential demand.
The asset's Opportunity Zone designation may be attractive to investors evaluating long-term development strategies and potential tax-advantaged investment structures. Combined with its location in South Florida's densely populated Broward County market, the property offers the ability to pursue a residential development project in a corridor that provides access to employment, transportation infrastructure, retail amenities, and regional destinations.
