Space Description & Highlights
Executive Summary Ownership is offering 2021–2027 Jefferson St., an income-producing, shovel-ready multifamily redevelopment opportunity located in Hollywood’s highly desirable Parkside neighborhood. The existing property consists of five rental units currently generating approximately $98,400 in annual gross rental income, providing meaningful in-place cash flow while a buyer prepares to move forward with redevelopment. The property is being offered with fully approved plans for a 53-unit multifamily development featuring a mix of studio, 1-bedroom, 2-bedroom, and penthouse residences, totaling approximately 68,861 SF. With approvals already in place, the project offers a clear path toward construction while allowing a buyer to benefit from the income generated by the existing property in the interim. The site is located within a federally designated Opportunity Zone. Central Hollywood / Parkside location provides excellent access to Downtown Hollywood, Young Circle, dining, entertainment, cultural destinations, major transportation corridors, and the continued public and private investment occurring throughout the surrounding area. The combination of $98,400 in current annual gross rental income, fully approved development plans, a 53-unit development program, and a walkable infill location creates a unique opportunity for multifamily developers and investors seeking both near-term income and long-term redevelopment potential in Downtown Hollywood. Additional due diligence materials and approved development plans are available to qualified interested parties upon request.
Building Description
Development project in Hollywood's Parkside neighborhood for new construction of a multifamily building with 53 mixed units of one and two bedrooms and penthouses, totaling about 68,861 SF. The site is within walking distance of downtown and Young Circle, close to Hollywood Beach and I-95, and near the anticipated Downtown train station.
