1814 Harrison StHollywood, FL 33020

Property Details for 1814 Harrison St

Year built

1955

Construction

CONCRETE

Lot size

0.07 AC

Property size (Sq ft)

2,708 SF

Zone code

YC

Property type

Retail properties

Property subtype

Turn key restaurants

APN

51-42-15-01-7680

APU

514215017680

Description

This exceptional turnkey restaurant opportunity is located at 1814 Harrison St, Hollywood, FL 33020, in the heart of Hollywood's downtown circle. Built in 1965, this fully operational restaurant boasts state-of-the-art facilities, luxury appliances, and upscale furniture and kitchen equipment. The property is priced at $650,000 and includes a full liquor license, wine and beer licenses, and seating for 74 patrons, with additional outdoor seating. Recent upgrades include electrical system and roof replacements within the past three years. The seller offers comprehensive training and a complete staff transfer to ensure a seamless transition for the new owner. This is an ideal investment for those seeking immediate operational success, requiring no alterations or renovations. The prime location offers excellent street exposure, making it an attractive destination for customers. This is a truly remarkable opportunity for an investor to acquire a thriving business with established clientele and a strong reputation in a high-traffic area. The business is well-suited for EZ-4 visa applicants. This is a chance to own a beautiful, fully functioning restaurant and bar, ready to generate income from day one.

• CAP approach

  CAP return

  Valuation

  6%

  $1,424,192

  6.5%

  $1,314,639

  7%

  $1,220,736

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,926,746

  Geo Method

  $2,926,746

• Alternative Use

  Use

  Valuation

  Residential

  $1,108,947

  Hospitality

  $1,015,790

  Educational

  $845,125

  Medical

  $874,190

  Retail

  $1,314,639

Location Insight

City

Hollywood

County

Broward

State

Florida

Latitude

26.0103

Longitude

-80.144

CBSA code

33100

CBSA name

MIAMI-FORT LAUDERDALE-MIAMI BEACH, FL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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