520 N 20th Ave

Strato Partners is pleased to present a rare development opportunity in the heart of Hollywood, Florida. The site, totaling approximately 14,247 SF (0.32 acres), is currently under review with the City of Hollywood for entitlement approval for a 50-unit residential building. The comprehensive set of proposed plans features a highly efficient design, maximizing the site’s development potential while providing a balanced mix of studios, one-bedroom, and two-bedroom units. The property is zoned DH-3, a highly flexible designation that allows the buyer significant freedom to configure and design the building as they see fit, providing the opportunity to optimize unit layouts, building orientation, and overall design to match market demand. The proposed building encompasses 42,624 SF of total floor area (FAR), including 28,385 SF of leasable/salable residential space and one retail unit, offering flexibility for mixed-use activation. The development plan calls for 58 parking spaces, including three ADA-compliant spaces, ensuring convenience for residents and visitors. Unit mix includes: 16 Studios 28 One-Bedroom Units 6 Two-Bedroom Units The property is within a short, five-minute walk to Downtown Hollywood and the iconic Young Circle, placing it at the center of the city’s vibrant urban core. It is surrounded by several proposed and under-construction developments, creating a dynamic growth corridor and positioning the site for maximum long-term value. With entitlements in progress and detailed architectural plans in place, 504-520 N 20th Ave represents a low-risk, high-potential development project capable of delivering modern, well-designed living units with strong market appeal, while offering flexibility to adapt the design to a buyer’s vision.