530-536 32Nd St Oakland Park, FL 33334

Property Details for 530-536 32Nd St

Year built

1959

Property type

Office Properties & Spaces

Description

This exceptional Oakland Park, Florida office building presents a compelling investment or owner-user opportunity. The property, located at 530-536 & NE & 548 32nd Street, 33334, comprises five bays totaling 8,984 square feet situated on a 17,111 square foot lot (0.39 acres). Built in 1959, the building benefits from B-3 zoning. Currently, all leases are below market value and expire by the end of the year, presenting immediate potential for increased revenue. The strategic location within Oakland Park's Industrial District offers unparalleled access to major transportation arteries. Just one block north of E Oakland Park Blvd., the property is conveniently located near Dixie Highway, and less than two miles from I-95 and US-1. This vibrant area is experiencing significant growth, with the Downtown Core and Central Business District nearby. Furthermore, the delivery of 1,000 new residential units within a one-mile radius over the next two years promises a substantial increase in the potential customer base. This property is priced at $1,890,000 and represents a rare chance to acquire a well-positioned asset in a rapidly developing market.