Freestanding Restaurant with Full
For Sale
Contact for pricing
3451-3471 N Andrews Ave, Oakland Park, FL 33309
Freestanding restaurant with full bar on two contiguous parcels, fronting N Andrews Ave.
Property Size9,641 SF
Price / SF$404.52
Days on Market81
Property Features for 3451-3471 N Andrews Ave
General Information
Standard status
Active
Size
9,641 SF
Property subtype
RETAIL
Site & Location
Pylon Signage
Yes
Road Access
Yes
Additional Details
Equipment Included
Yes
Listing Agency:
Native Realty
(954) 595-2999
Listed By:
Jaime Sturgis · License #3246270
Source:
Moodyscre
Added: May 13
Changed: Jul 30
Last Checked: Aug 1 at 4:04AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Native Realty
Investment Insights
Based on property information with market context.
This freestanding restaurant property includes a full bar, kitchen, and equipment, supported by two contiguous parcels fronting N Andrews Ave. The offering also includes a retail strip comprised of four units, with monument signage at the site. Total property size is 9,641 square feet.
The location provides Andrews Ave frontage with strong daily traffic counts, which can support visibility for both the restaurant and the retail strip.
The combined configuration offers a built-in mix of restaurant operations and additional retail unit presence, with the property positioned for either a user or an investor seeking stable income and potential value-add improvements.
The location provides Andrews Ave frontage with strong daily traffic counts, which can support visibility for both the restaurant and the retail strip.
The combined configuration offers a built-in mix of restaurant operations and additional retail unit presence, with the property positioned for either a user or an investor seeking stable income and potential value-add improvements.
Key Highlights
- 9,641 SF freestanding restaurant and retail strip
- Full bar plus kitchen and equipment
- Two contiguous parcels with Andrews Ave frontage
Financial Insights For Specialty Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $266.1k | $27.60 |
| − Vacancy | −$18.6k | −$1.93 |
| EGI | $247.5k | $25.67 |
| − OpEx | −$61.9k | −$6.42 |
| NOI | $185.6k | $19.25 |
9,641 SF · lease $27.60/SF/yr · vacancy 7.00% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$2.65M
$2.32M – $3.09M
NOI $185,599 @ 7.0% cap · market cap 4.76%
Second Best
Retail
$2.33M
$2.04M – $2.72M
NOI $163,022 @ 7.0% cap · market cap 4.18%
Theoretical Best
Office A
$4.89M
$4.28M – $5.71M
NOI $342,390 @ 7.0% cap · market cap 8.78%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
2,260
Businesses Nearby
233k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 31%
Dining 29%
Groceries 23%
Home Improvements & Furnishings 15%
Publix
Groceries
44,370 visits/mo
0.3 miles
Lowe's
Home Improvements & Furnishings
34,783 visits/mo
0.5 miles
McDonald's
Dining
22,749 visits/mo
0.2 miles
Dollar Tree
Shops & Services
17,989 visits/mo
0.2 miles
7-Eleven
Shops & Services
16,852 visits/mo
0.4 miles
Demographics for 33309, FL
37,642
Population
14,783
Households
2.5
Avg Household Size
39
Median Age
23%
College-Educated
85%
High-School Grad
9.7 sq mi
ZIP Area
3,881
Density / Sq Mi
$73,496
Median Household Income
$35,850
Median Earnings
$1,829
Median Rent
$309,100
Median Home Value
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Conventional restaurant - Freestanding restaurant with full bar on two contiguous parcels, fronting N Andrews Ave.
Where is this conventional restaurant located?
The property is located at 3451-3471 N Andrews Ave Oakland Park, FL.
What is the asking price?
The asking price for this property is $3,900,000.
What are key features of this property?
This property features: 9,641 SF freestanding restaurant and retail strip; Full bar plus kitchen and equipment; Two contiguous parcels with Andrews Ave frontage
