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.
The property currently generates a substantial annual income of $84,392, providing a solid return on investment.
Property Details
Price:
$1,880,000
MLS #:
A11684998
Status:
Active
Beds:
0
Baths:
0
Address:
2759 W Blvd Oakland Park
Type:
Commercial
Subtype:
Retail
City:
Oakland Park
Listed Date:
Oct 30, 2024
State:
FL
Finished Sq Ft:
2,706
Total Sq Ft:
2,706
ZIP:
33311
Year Built:
1985
See this Listing
CENTURY 21 Carioti is a full service real estate company servicing the State of Florida with a headquarters in Orlando, FL.
More About CENTURYMortgage Calculator
Schools
Interior
Cooling
Central Building A/ C
Exterior
Financial
Tax Year
2023
Taxes
$23,459
Map
Community
- Address2759 W Blvd Oakland Park Oakland Park FL
- CityOakland Park
- CountyBroward County
- Zip Code33311
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