Property profile

3569-3579 Dixie Hwy Oakland Park, FL 33334

OFF-MARKET
Retail properties & Spaces
5,135 SF
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Property summary

AI-generated overview

This exceptional 5,135-square-foot restaurant property at 3569-3579 N Dixie Hwy, Oakland Park, Florida, 33334, presents a unique investment opportunity. Currently configured as a single restaurant, it boasts city-approved plans for conversion into fourteen individual commercial kitchen spaces, plus extensive covered outdoor dining areas. This adaptable design allows for either a single restaurant operation or a lucrative multi-tenant commercial kitchen complex. Projected annual gross income for the multi-tenant model conservatively exceeds $750,000, encompassing net, net, net (NNN) expenses, utilities, and sales tax. Additional revenue streams are possible through service fees on on-site dining orders. The current plans include an outdoor ordering counter, enabling patrons to enjoy meals from various on-site kitchens in the expansive outdoor space. The flexibility of the design allows a single restaurant operator to adapt the plans to their specific needs, potentially leasing out portions of the building for additional income generation. This Broward County location offers high visibility and accessibility, making it an ideal investment for both established and emerging food and beverage businesses. The asking price is $3,600,000.

Property profile

Verified
Property type Retail properties & Spaces
Total area 5,135 SF

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

3569-3579 Dixie Hwy Oakland Park, FL 33334
Oakland Park metro
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Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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