$1,880,000 USD
Retail Property for Sale, 2759 W Oakland Park Blvd, Oakland Park, Florida 33311
- MLS#A11684998
Listed By The Cardenas Group Realty
The Retail Property for Sale located at 2759 W Oakland Park Blvd, Oakland Park, Florida 33311 is currently for sale. 2759 W Oakland Park Blvd, Oakland Park, Florida 33311 is listed for $1,880,000.
Property features
Lot/Land
- Land/Lot size:
2,602 m² (28,007 ft²)
Construction
- Year built: 1985
Heating and Cooling
- Cooling system: Central AC
Description
The property is a retail building zoned B1, located within a proposed redevelopment area encompassing approximately 28,000 square feet of mixed-use space. The site allows for the construction of up to five (5) stories, presenting an excellent opportunity for the development of office and retail spaces. The projected resale value is $12,500,000, based on a 6% capitalization rate and a 9% internal rate of return (IRR). Additional details are available in the attached documents.
The property currently generates a substantial annual income of $84,392, providing a solid return on investment.
Location
2759 W Oakland Park Blvd, Oakland Park, Florida 33311