Downtown Hollywood Commercial
1720 Harrison St 5A Hollywood, FL 33020
For Sale
$1,399,000
Multi-tenant commercial condo in Downtown Hollywood with income potential.
Property Size2,500 SF
Price / SF$559.60
Days on Market71
Property Features for 1720 Harrison St 5A
General Information
Standard status
Active
Size
2,500 SF
Property subtype
Commercial
Building Details
Year Built
1963
Listing Agency:
RE/MAX - 5 Star Realty | Hollywood
(954) 453-1000
Listed By:
John DeMarco · License #A11697377
(954) 453-1000
Source:
Elliman
Added: May 18
Changed: Jul 10
Last Checked: Jul 27 at 11:19AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of RE/MAX - 5 Star Realty | Hollywood
Investment Insights
Based on property information with market context.
This multi-tenant commercial condominium is located in Downtown Hollywood. The property is currently configured into seven separate office suites with existing rental income. Previously operated as a restaurant with an approximately 2,500-square-foot outdoor rooftop terrace, the property offers an opportunity for an owner-user, investor, restaurant operator, creative office user, or hospitality concept seeking flexible space. The property is positioned on the same floor as the building’s amenity deck, which includes the pool, fitness center, mail room, and common restrooms. The property presents a hospitality-style environment with future repositioning and rental upside potential. The location has a bike score of 69, indicating it is bikeable, a walk score of 67, indicating it is somewhat walkable, and a transit score of 41, indicating some transit options are available.
Key Highlights
- Multi‑tenant commercial condominium with existing rental income.
- Located in the heart of Downtown Hollywood.
- Enjoy a ±2,500 SF outdoor rooftop terrace (previously a restaurant).
Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $82.5k | $33.00 |
| − Vacancy | −$18.2k | −$7.26 |
| EGI | $64.4k | $25.74 |
| − OpEx | −$16.1k | −$6.44 |
| NOI | $48.3k | $19.31 |
2,500 SF · lease $33.00/SF/yr · vacancy 22.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$689.5K
$603.3K – $804.4K
NOI $48,263 @ 7.0% cap · market cap 3.45%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$978.0K
$855.8K – $1.14M
NOI $68,460 @ 7.0% cap · market cap 4.89%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Office units - Multi-tenant commercial condo in Downtown Hollywood with income potential.
Where is this office units located?
The property is located at 1720 Harrison St 5A Hollywood, FL.
What is the asking price?
The asking price for this property is $1,399,000.
What are key features of this property?
This property features: Multi‑tenant commercial condominium with existing rental income.; Located in the heart of Downtown Hollywood.; **Enjoy a ±2,500 SF outdoor rooftop terrace (previously a restaurant).**
