Live-Work Condo with
New
For Sale
$389,000
1720 Harrison St #17E-F, Hollywood, FL 33020
Four condominium units include shared recreation and service amenities, with one vacant unit offering residential or live-work flexibility.
Property Size1,350 SF
Price / SF$288.15
Days on Market6
Property Features for 1720 Harrison St #17E-F
General Information
Standard status
Active
Size
1,350 SF
Property subtype
Commercial
Zoning
YC
Site & Location
Neighborhood
Hollywood Lakes
Additional Details
Multifamily Units
4
Taxes and HOA fees
Annual Taxes
$10,144
Amenities
On site Management office
Swimming Pool
laundry room
Gym
Building Details
Building Size
1,350 SF
Year Built
1963
Units
2
Listing Agency:
RE/MAX 5 Star Realty
(954) 361-0000
Listed By:
John DeMarco · License #A12052614
(954) 453-1000
Source:
Futureoptionrealty
Added: Oct 23
Changed: Oct 25
Last Checked: Oct 26 at 4:11AM
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
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Investment Insights
Based on property information with market context.
This live-work condominium property comprises four units, including vacant units 17E-F that may be configured for live-work or apartment use. Floor-to-ceiling windows and doors open to a balcony, with views from the 17th floor toward the ocean, Miami, Fort Lauderdale, and The Guitar at The Hard Rock. The building was constructed in 1963 and recently passed its 40-year inspection. Zoning is YC.
Located on Young Circle in Downtown Hollywood, the property includes a swimming pool, gym, laundry room, and on-site management office.
Located on Young Circle in Downtown Hollywood, the property includes a swimming pool, gym, laundry room, and on-site management office.
Key Highlights
- Four condo units, including vacant units 17E‑F
- Vacant units 17E‑F may be converted to live‑work or apartment use
- Floor‑to‑ceiling windows and doors with a balcony on the 17th floor
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$26,062
Cap Rate
6.70%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$521,240
$521.2K
Cap Rate 7%
$372,314
$372.3K
Cap Rate 9%
$289,578
$289.6K
Market Conditions
NOI Build-Up for 1,350 SF
Gross rent
$44.6K $33.00/SF
− Vacancy
−$9.8K −$7.26/SF
EGI
$34.7K $25.74/SF
− OpEx
−$8.7K −$6.44/SF
NOI
$26.1K $19.31/SF
Area
Hollywood, FL
Vacancy
22.00%
Lease Rate
$33.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$521,240
Cap Rate 7%
$372,314
Cap Rate 9%
$289,578
Alternative Uses
Best Use
Office B
$372.3K
$325.8K – $434.4K
NOI $26,062 @ 7.0% cap · market cap 6.70%
Second Best
Mixed Use
$260.4K
$227.8K – $303.8K
NOI $18,225 @ 7.0% cap · market cap 4.69%
Theoretical Best
Office A
$528.1K
$462.1K – $616.1K
NOI $36,968 @ 7.0% cap · market cap 9.50%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
3,242
Businesses Nearby
Explore this area
Business Placement
Demographics for 33020, FL
45,044
Population
22,508
Households
2
Avg Household Size
41
Median Age
29%
College-Educated
89%
High-School Grad
6.0 sq mi
ZIP Area
7,507
Density / Sq Mi
$52,535
Median Household Income
$32,449
Median Earnings
$1,444
Median Rent
$306,700
Median Home Value
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Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Live-work space - Four condominium units include shared recreation and service amenities, with one vacant unit offering residential or live-work flexibility.
Where is this live-work space located?
The property is located at 1720 Harrison St #17E-F Hollywood, FL.
What is the asking price?
The asking price for this property is $389,000.
What are key features of this property?
This property features: Four condo units, including vacant units 17E‑F; Vacant units 17E‑F may be converted to live‑work or apartment use; Floor‑to‑ceiling windows and doors with a balcony on the 17th floor
