$1,750,000
1948 Buchanan Street
Hollywood, FL
Explore the area: Hollywood homes for sale · Broward County real estate
Price Check
How this price compares
- List price
- $1,750,000
- Price per sq ft
- N/A
- Original price
- $1,875,000
- Days on market
- 58
This commercial property is listed at $1,750,000. The asking price has come down 6.7% from its original $1,875,000. It has been on the market for 58 days.
Estimated monthly payment
$9,197 /mo
Principal and interest only, based on $350,000 down (20%), a 6.875% 30-year fixed rate. Property taxes, homeowners insurance are not included.
Customize this estimateListing Snapshot
- Price
- $1,750,000
- Days on Site
- 58 Days
- Bedrooms
- 0
- Total Baths
- 0
- Total Sq Ft
- 5,613 sqft
- Lot Size
- 0.35 Acres
- Year Built
- 1964
- Property Type
- Commercial
- MLS #
- B26034874
- Property Tax
- $34,976 (2026)
- County
- Broward
- Status
- Active
- Special Conditions
- Standard / Listed As Is
About This Property
The Buchanan St / N 20th Ave assemblage presents a rare East Hollywood Mid-Core opportunity combining durable in-place income, attractive seller financing, and meaningful long-term redevelopment potential. The portfolio consists of 1948, 1952 Buchanan Street, & 615 N 20th Ave, totaling 9 units with a rear gated parking area in one of Hollywood's most dynamic redevelopment corridors. As currently improved, the asset generates immediate cash flow with an estimated 5% cap rate. Further enhancing the investment opportunity, the seller is willing to provide purchase money financing with as little as 40% down and a below-market interest rate. Beyond the existing income stream, the property's greatest value may lie in its redevelopment potential of 29-32 Unit subject to zoning and site approval. Executive Summary The Buchanan Street / North 20th Avenue assemblage is a compelling East Hollywood Mid-Core investment combining immediate income, favorable seller financing, and long-term redevelopment potential. Located at 1948 and 1952 Buchanan Street and 615 North 20th Avenue, the portfolio includes nine residential units with rear gated parking. The property currently generates stable cash flow at an estimated 5% capitalization rate, allowing an investor to earn income while evaluating future development plans. The seller is willing to provide purchase money financing with approximately 40% down and a below-market interest rate, reducing the purchaser's initial equity requirement and potentially improving cash-on-cash returns. Based on preliminary planning assumptions, the assemblage may support approximately 29 to 32 residential units, subject to zoning, parking, site-plan, utility-capacity, and municipal approvals. This creates a covered-land strategy in which existing rental income helps offset carrying costs during the entitlement and development process. The opportunity is driven by three primary components: Immediate cash flow from nine existing units Attractive seller financing with reduced equity exposure Redevelopment optionality within a growing East Hollywood corridor Overall, the assemblage offers investors the ability to generate current income while controlling a strategically located site with meaningful future development potential.
Virtual TourGeneral Features
- Property Type
- Commercial
- Status
- Active
- Year Built
- 1964
- Property Condition
- Resale
- Number of Stories
- 1
- Lot Size (Acres)
- 0.35
- Total Sq Ft
- 5,613
- Sewer
- Public Sewer
- Water Source
- Public
- Zoning
- DH-2
Interior Features
- Cooling
- Central Air / Wall Window Units
- Heating
- Central / Individual / Wall Furnace
- Flooring
- Ceramic Tile
Exterior Features
- Construction
- Concrete / Stucco
- Roof
- Shingle
- Lot Features
- Quarter To Half Acre Lot
Community & HOA
- Security
- None
- Utilities
- Cable Available / Electricity Connected / Sewer Connected / Water Connected
- Financing Terms
- Owner Will Carry
- MLS Area
- 3050
About the Area
Browse Hollywood homes for sale across every neighborhood and price point in Broward. Available homes span single-family, townhome, and condo segments throughout the city. Hollywood includes gated golf communities, 55+ active adult neighborhoods, waterfront estates, and newer master-planned subdivisions. HOA fees vary by community type, from modest maintenance fees in non-gated subdivisions to higher dues in full-amenity country clubs. The city sits within Broward, offering access to South Florida beaches, major employment centers, and healthcare hubs. For current Broward market data, see Florida Realtors' monthly statistics. Browse the latest Hollywood listings below. Then connect with a Pure Equity agent to schedule a private showing.
- Homes for Sale
- 2,430
- Median List Price
- $499,000
- Median $/Sq Ft
- $398
- Avg Days on Market
- 155
Frequently Asked Questions
- How do I schedule a tour of 1948 Buchanan Street, Hollywood, FL?
- Use the Tour button on this listing to request a showing of 1948 Buchanan Street, Hollywood, FL. Pick a day and time and choose an in-person or video-chat tour, and a Pure Equity agent will confirm your visit, often the same day.
- Is 1948 Buchanan Street, Hollywood, FL still available?
- 1948 Buchanan Street, Hollywood, FL is currently listed as Active, and has been on the market 58 days. Status updates directly from the MLS as homes go under contract, so ask us to confirm availability before you plan a visit.
- How much is the monthly payment for 1948 Buchanan Street, Hollywood, FL?
- With 20% down ($350,000) on the $1,750,000 list price and a 30-year fixed loan at an illustrative 6.875% rate, the estimated principal & interest for 1948 Buchanan Street, Hollywood, FL is about $9,197/mo, before property taxes, insurance. Use the payment estimate on this page to adjust the down payment and rate.
- How do I get pre-approved to buy 1948 Buchanan Street, Hollywood, FL?
- Getting pre-approved shows sellers you're a serious buyer and clarifies your true budget before you offer on 1948 Buchanan Street, Hollywood, FL. Contact Pure Equity and we'll connect you with a trusted local lender to review your financing options, no obligation.
- Can I negotiate the price of 1948 Buchanan Street, Hollywood, FL?
- Often, yes. The right offer on 1948 Buchanan Street, Hollywood, FL depends on how it's priced against comparable commercial sales in Hollywood, how long it's been listed, and how motivated the seller is. Pure Equity will run the comps and help you craft a competitive, well-supported offer.
Listing courtesy of Media Realty
Listing information is provided by BeachesMLS, Inc.and is deemed reliable but not guaranteed accurate by the MLS or Pure Equity. Information is for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties. © 2026 BeachesMLS, Inc. Last updated June 23, 2026.
$1,750,000
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Listed by Peter Dacko III, Media Realty
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