1925 Harrison St Hollywood, FL 33020-5017
- Hotels
- 60,582 SF
- 0.56 lot acres
Nov 03, 2021
Current Use by Public Records
- Hollywood Hotels Management / Hotel
- ATM / Atm
- William D. Krieger / Psychotherapist
- The Harrison Hotel Downtown Hollywood / Hotel
- Mencia Homes Inc / Home Builder
Property Details for 1925 Harrison St
- Year built
- 1969
- Construction
- CONCRETE
- Lot size
- 0.56 lot acres
- Property size
- 60,582 SF
- Zone code
- RC-2
- Property type
- Hotels
- APN
- 51-42-15-01-4610
- APU
- 514215014610
Description
This exceptional 5,145 square foot restaurant space, located within the bustling Harrison Hotel, presents a unique investment opportunity. Situated in the hotel lobby, this single-tenant property enjoys high visibility and convenient access from Hollywood Boulevard and Harrison Street. The space is currently configured as a restaurant, boasting a fully built-out kitchen, complete with a hood and grease trap. While the dining area requires build-out, the existing infrastructure provides a solid foundation for a thriving establishment. The Harrison Hotel itself is a substantial property, encompassing 100 hotel rooms, 25 office and retail units, ensuring a built-in customer base and high foot traffic. This is the only restaurant within the hotel, offering an exclusive position within the complex. The property's versatility extends beyond its current configuration; the space could potentially be adapted to accommodate a spa or other similar businesses. The lease is a triple net lease with additional CAM charges. The property's APN is 514215014610. This is a remarkable opportunity to establish a successful business in a prime Hollywood location.
Value Estimations
-
CAP approach
- CAP Return
- Estimation
- 6%
- $7,595,000
- 6.5%
- $7,015,000
- 7%
- $6,510,000
-
Comparable approach
- Method
- Estimation
- AI Estimate
- $6,747,000
Market price range: $6.75M - $16.1M
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Location Insight
- Map
- Local Demand
- City
- Hollywood
- County
- Broward
- State
- Florida
- Longitude
- -80.1461
- Latitude
- 26.0108
- CBSA code
- 33100
- CBSA name
- MIAMI-FORT LAUDERDALE-MIAMI BEACH, FL METROPOLITAN STATISTICAL AREA