Property summary
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
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Comparables
6 recent transactions · within 1.5 miComparable in this City
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Value estimation
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Cap rate
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from $99/month
Property description
Physical attributes from public recordsZoning & alternative use
Zoning
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