119 S 21st Avenue
This premier mixed-use development site offers a rare opportunity in the heart of Downtown Hollywood. Situated on 5,738 SF, the property provides immediate income with a month-to-month tenant currently paying $5,500 per month, allowing an investor or owner-user to generate cash flow while planning future development.The property includes approved renderings and plans for a dynamic mixed-use project featuring 2,562 SF of ground-floor retail space, ideal for a modern restaurant/bar concept with outdoor seating. The second floor is designed for 3,168 SF of residential space, with plans for two spacious 3-bedroom, 2-bath apartments, meeting the growing demand for stylish urban living in Downtown Hollywood.With strong visibility, pedestrian traffic, and close proximity to dining, entertainment, shopping, and nightlife, this site is well-positioned for a vibrant redevelopment. Whether you are an experienced developer or an owner-user looking to bring a restaurant/bar vision to life, this property offers the perfect blend of income, approved plans, location, and long-term upside in one of South Florida’s most active downtown districts.
Selling a home in Hollywood? List it on the same MLS for a flat fee instead of a listing commission. Start your listing.
Listed by RE/MAX 5 Star Realty · 954-361-0000
Listing data comes from the participating MLS and is provided for consumers’ personal, non-commercial use. It may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Properties shown may be listed by brokerages other than Pure Equity Realty LLC, and are marked with the listing office’s name. Information is deemed reliable but is not guaranteed accurate by the MLS or by Pure Equity Realty LLC, and should be independently verified. Data last updated September 27, 2026.