$629,750
2531 Pierce Street
Hollywood, FL
Explore the area: Hollywood homes for sale · Broward County real estate
Price Check
How this price compares
- List price
- $629,750
- Price per sq ft
- N/A
- Original price
- $697,500
- Days on market
- 124
This commercial property is listed at $629,750. The asking price has come down 9.7% from its original $697,500. It has been on the market for 124 days.
Estimated monthly payment
$3,310 /mo
Principal and interest only, based on $125,950 down (20%), a 6.875% 30-year fixed rate. Property taxes, homeowners insurance are not included.
Customize this estimateListing Snapshot
- Price
- $629,750
- Days on Site
- 124 Days
- Bedrooms
- 0
- Total Baths
- 0
- Total Sq Ft
- 1,785 sqft
- Lot Size
- 0.35 Acres
- Year Built
- 1949
- Property Type
- Commercial
- MLS #
- B26036967
- Property Tax
- $9,667 (2025)
- County
- Broward
- Status
- Active
- Special Conditions
- Standard
About This Property
This is how to generate great returns in today's market while protecting your downside. Acquire an income producing 3/2 home (w/in-law suite) & additional development capacity (the right to build 8 more units), walking distance from schools, library, parks & Downtown Hollywood, at over 30% below market value. Lots of new development nearby. Investors & developers have increasingly turned their attention to this area, recognizing its long term potential. This property should not be viewed solely as a single family home or solely as a land play; the true value is in both. The existing 3 bedroom 2 bathroom home can remain in place and continue generating income while 8 additional units are developed on the same lot, for a total of 9 units, without tearing down the current structure. All of the additional 8 units can be ~760 square foot 2 bedroom apartments. The included site plan shows viable layout, parking & access. A formal Pre-Application Consultation (PAC) meeting with the city has been held; representatives from every relevant discipline were present (planning, zoning, engineering, landscape, fire, etc) and they confirmed the site plan is feasible & compliant with current zoning & regulations. Sold land comps: $50k per (mostly 1 bedroom) unit. Active land comps: $58k-$101k per (mostly 1 bedroom) unit. Two bedroom units generally rent for around 30% more than one bedroom units; land buildable for two bedroom units is generally valued around 30% more than land buildable for one bedroom units. 3/2 house comps: $499k-$679k active, $410k-$580k sold. Subject property is a 3/2 house + 8 (2 bedroom) units of buildable land; market value ~$900k. 2 bed rents:$1.8k-$2.5k/mo. 3 bed rents:$3k-$3.8k/mo. Build cost:~$1.3M-$1.5M. All in:~$2M. Projected value:$3M+ = ~$1M instant equity. Potential ~10% cap. Seller will finance. Property is in a Qualified Opportunity Zone, which offers the potential for major tax benefits including deferring taxes, reducing capital gains taxes, and potentially paying no tax at all on the profit when you sell the property; consult tax professional for details and eligibility. See photos & attachments for details on location, plans, and comps. Call listing agent for more information.
Virtual TourGeneral Features
- Property Type
- Commercial
- Status
- Active
- Year Built
- 1949
- Number of Stories
- 1
- Parking
- Accessible Parking / Covered
- Lot Size (Acres)
- 0.35
- Total Sq Ft
- 1,785
- Sewer
- Public Sewer / Private Sewer / Septic Tank
- Water Source
- Public
- Zoning
- RM-18
Interior Features
- Cooling
- Ceiling Fans / Wall Window Units
- Heating
- Wall Furnace
- Flooring
- Laminate / Parquet / Terrazzo / Tile / Vinyl
Exterior Features
- Construction
- CBS Concrete Block Structure / Block / Concrete / Stucco
- Roof
- Flat / Shingle
- Lot Features
- Oversized Lot / Quarter To Half Acre Lot
Community & HOA
- Security
- Other / Smoke Detectors
- Utilities
- Cable Connected / Electricity Connected / Other / Phone Connected / Sewer Connected / Water Connected
- Financing Terms
- Cash / Conventional / Cryptocurrency / Exchange1031 / Owner Will Carry / Other / Private Financing Available / Trade
- 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 2531 Pierce Street, Hollywood, FL?
- Use the Tour button on this listing to request a showing of 2531 Pierce 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 2531 Pierce Street, Hollywood, FL still available?
- 2531 Pierce Street, Hollywood, FL is currently listed as Active, and has been on the market 124 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 2531 Pierce Street, Hollywood, FL?
- With 20% down ($125,950) on the $629,750 list price and a 30-year fixed loan at an illustrative 6.875% rate, the estimated principal & interest for 2531 Pierce Street, Hollywood, FL is about $3,310/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 2531 Pierce Street, Hollywood, FL?
- Getting pre-approved shows sellers you're a serious buyer and clarifies your true budget before you offer on 2531 Pierce 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 2531 Pierce Street, Hollywood, FL?
- Often, yes. The right offer on 2531 Pierce 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 United Realty Group Inc.
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.
$629,750
Interested in This Property?
Contact us to schedule a showing or ask a question.
Own a home near this one? See what it would sell for today
Listed by Michael J Sheer, United Realty Group Inc.
Map & Location
Featured Communities
Cities in Broward County
Zip Codes in Broward County
Property Types
