1040 Oakland Park Blvd ,Retail for Sale

1040 Oakland Park Blvd for Sale

Price $3,650,000.00

• Lot size 24725
• Year Build 1961
• Waterfront
• Zip 33334
• Style
• Parking Description Common, Free Parking
• Pool Yes
• Status Active

Description

Excellent investment opportunity located in Oakland Park featuring both industrial and retail spaces in a high traffic area (AADT=45,000). Property has 7 retail bays in the front building facing Oakland Park Blvd and 5 warehouse spaces in the rear building. They alleyway in between the two buildings is included in the sale. Property is currently 92% occupied. There are no leases on the property providing buyer flexibility. Tenant rental rates are below market value which allows for potential to increase rates in the future.

LAUDERDALE HEIGHTS AMEN PLAT 16-12 B BEG AT NW COR OF SEC 26-49-42 E 1644.45,S 70 TO POB,S 245 E 101.17,N 245,W 101.17 TO POB BLK 1

Excellent investment opportunity located in Oakland Park featuring both industrial and retail spaces in a high traffic area (AADT=45,000). Property has 7 retail bays in the front building facing Oakland Park Blvd and 5 warehouse spaces in the rear building. They alleyway in between the two buildings is included in the sale. Property is currently 92% occupied. There are no leases on the property providing buyer flexibility. Tenant rental rates are below market value which allows for potential to increase rates in the future.

City:Oakland Park,Zoning:MR,List A O R:A-Miami Association of REALTORS,Stories:1,Latitude:26.1664521,List Price:3650000,Listing Id:A11649334,Longitude:-80.1333207,Mls Status:Active,Year Built:1961,Directions:When coming off I-95, proceed east toward the beach and property will be on the right hand side just before Dixie Highway.,Inclusions:Building & Land,Leases,Postal Code:33334,Street Name:Oakland Park Blvd,Coordinates:1:26.1664521,Photos Count:8,Business Type:1:Retail Space,Days On Market:1,Listing Terms:1:Conventional/Refinance,Lot Size Units:Square Feet,M I A M I R E_ Area:3370,On Market Date:2024-08-28,Parcel Number:494226110025,Property Type:Commercial Sale,Stories Total:1,Street Number:1040,Public Remarks:Excellent investment opportunity located in Oakland Park featuring both industrial and retail spaces in a high traffic area (AADT=45,000). Property has 7 retail bays in the front building facing Oakland Park Blvd and 5 warehouse spaces in the rear building. They alleyway in between the two buildings is included in the sale. Property is currently 92% occupied. There are no leases on the property providing buyer flexibility. Tenant rental rates are below market value which allows for potential to increase rates in the future.,Structure Type:1:Industrial/Manufacturing,2:Office/Retail,County Or Parish:Broward County,List Office Name:Beachfront Realty Inc,Standard Status:Active,Living Area Units:Square Feet,Major Change Type:New,Parking Features:1:Free Parking,Postal Code Plus4:2728,Property Sub Type:Retail,State Or Province:FL,Street Dir Prefix:E,Tax Annual Amount:27931,Unparsed Address:1040 E Oakland Park Blvd, Oakland Park FL 33334,Listing Agreement:Exclusive Right To Sell,Building Area Total:14273,Building Area Units:Square Feet,Lot Size Square Feet:24725,M I A M I R E_ For Sale Y N:1,Number Of Buildings:2,Original List Price:3650000,Public Survey Range:49,I D X Participation Y N:1,Syndication Remarks:Excellent investment opportunity located in Oakland Park featuring both industrial and retail spaces in a high traffic area (AADT=45,000). Property has 7 retail bays in the front building facing Oakland Park Blvd and 5 warehouse spaces in the rear building. They alleyway in between the two buildings is included in the sale. Property is currently 92% occupied. There are no leases on the property providing buyer flexibility. Tenant rental rates are below market value which allows for potential to increase rates in the future.,Listing Contract Date:2024-08-28,Originating System I D:miamire,Public Survey Section:26,Showing Instructions:Call Listing Agent,Street Number Numeric:1040,Tax Legal Description:LAUDERDALE HEIGHTS AMEN PLAT 16-12 B BEG AT NW COR OF SEC 26-49-42 E 1644.45,S 70 TO POB,S 245 E 101.17,N 245,W 101.17 TO POB BLK 1,Public Survey Township:49,Originating System Name:Miami Association of REALTORS?,M I A M I R E_ Internet Remarks:Amazing opportunity to own two different asset classes. Property is in excellent condition. Please do not contact or approach any tenants.,M I A M I R E_ Showing Time Flag:1,Contract Status Change Date:2024-08-28,Distance To Freeway Numeric:2,Internet Address Display Y N:1,M I A M I R E_ Ok To Advertise List:No,Internet Entire Listing Display Y N:1,