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3939 N Powerline Rd Oakland Park, FL 33309

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For Sale
$1,190,000

1.135-acre land for development with approved plans.

Lot size:
1.14 Acres

Property Features for 3939 N Powerline Rd

General Information

Property type
Commercial
Standard status
Active
Lot size
1.14 Acres

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Listing Contact
J. Josep D Pelayo
J. Josep D Pelayo
Source: Elliman

Listing Agency: Total R E Consultants Inc Listing Agent: J. Josep D Pelayo

Displayed information is deemed reliable but is not guaranteed and should be independently verified.

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Overview

Oakland Park Development Site

This 1.135-acre land and development site is available for sale. Approved plans are designed for the Live Local Act and consist of approximately 65,000 square feet of building area. The plans include 84 units, with 33 designated for affordable housing and 51 at market rate. The first floor is planned to be 50% commercial space. The project design includes 140 parking spaces, with 14 surface spaces and 126 spaces utilizing an automated vehicle storage system. The total project cost is estimated to be between $13.5 and $14.5 million, depending on the final scope. The estimated value at exit is around $21 million with a holding period of 3-5 years. Employers in the area include BB&T, Lowe's, Citrix, and Microsoft. Healthcare facilities within a 10-mile radius include Holy Cross Hospital, Broward Health Medical Center, and Broward Health Imperial Point.
Location Intelligence

Current Use by Public Records

Commercial land

Suggested Use

Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Gym & Fitness Center Building Supply Skin Care Clinic

Zoning and permitted uses should be independently verified with local authorities.

Location Insight

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  • Local Demand
City
Oakland Park
County
Broward
State
Florida
Longitude
-80.15469
Latitude
26.174956

FAQs

What type of property is this?
Commercial land - 1.135-acre land for development with approved plans.
Where is this commercial land located?
The property is located at 3939 N Powerline Rd Oakland Park, FL.
What is the asking price?
The asking price for this property is $1,190,000.
What are key features of this property?
This property features: - 1.135 acre land/development site suitable for Live Local Act.; - Approved plans for approx. 65,000 SQFT building with **84 units (33 affordable, 51 market).**; - Project includes commercial space on 50% of the first floor.
More about this property
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