Building Description
Executive Summary
Outstanding investment opportunity in the heart of Hollywood! This 105-bed licensed Assisted Living Facility at 2001 Polk St is a turnkey operation generating $3.5M+ in annual gross income with an 8.1% going-in cap rate. Fully occupied and professionally managed, the three-story 27,270 SF building is well-maintained and delivers consistent cash flow. Prime central location—just minutes to I-95, Fort Lauderdale–Hollywood International Airport, and Hollywood Beach—providing convenience for residents, staff, and families.
Approved Uses by Zoning — North Downtown High Intensity Mixed-Use (ND-3 - North Downtown High Intensity Mixed-Use District)
Uses permitted by right under the municipality’s zoning for this district. The property may carry additional restrictions (deed, association or lease), so tenants are responsible for confirming their intended use with the municipality and landlord before committing.
Allowed by right
Adult Educational Facilities (may require added review), Amusement Uses (Indoor and Outdoor), Antique, Consignment, Collectible, and Vintage Store, Artisan and Maker Manufacturing, Assembly of Pre-manufactured Parts for Sale on Premises, Bar, Lounge, or Night Club, Bed and Breakfast Inn, Commercial Uses, Dry Cleaner (Drop-off and Pick-up Only), Food Processing, Hotel, Institutional, Live-Work, Microbrewery, Microdistillery, and Microwinery, Motel, Multi-Family Residential (except on the ground floor adjacent to Tyler Street and 21st Avenue), Museum, Art Gallery, and Similar Cultural Uses, Office, Parking Lots and Garages (Commercial), Personal Service, Place of Worship, Meeting Hall, and Fraternal Lodge, Restaurant, Retail (indoor), Schools (Business, Commercial, or Vocational; Recreational or Cultural; and University) (may require added review)
With special approval
Commercial Parking Garage, Day Care Facility, Schools (K-12)
Read the full ND-3 - North Downtown High Intensity Mixed-Use District zoning guide ›
