1040 Oakland Park Blvd 1052 Oakland Park, FL 33334-2728
Property summary
This exceptional Oakland Park investment opportunity presents a prime 33,334 sq ft property at 1040 E Oakland Park Blvd, boasting a strategic location with high traffic volume (AADT 45,000). The property comprises two single-story buildings, constructed in 1961, offering a blend of retail and warehouse space. The front building features seven retail bays directly facing Oakland Park Boulevard, ensuring excellent visibility and accessibility for businesses. Behind this, a second building provides five warehouse spaces, ideal for storage or light industrial use. The sale includes the convenient alleyway separating the two buildings. Currently, the property enjoys a 92% occupancy rate, with all tenants operating on month-to-month agreements, offering the new owner immediate flexibility in lease terms and rental rates. Importantly, current tenant rental rates are below market value, presenting a significant opportunity to increase revenue streams and enhance profitability. This property is a rare find, combining high-traffic location, diverse space types, and immediate upside potential, making it an attractive investment for discerning buyers. The property's address is 1040 E Oakland Park Blvd, Oakland Park, FL 33334.
Property profile
VerifiedCap rate & NOI
Value estimations
Owner & transaction history
Zoning & alternative use
The Middle River District Sub-area is envisioned as a mixed-use neighborhood to include commercial, retail and residential uses oriented towards the Middle River with buildings fronting bike/ped trails for public access…
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Value estimation
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from $99/month
Cap rate
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from $99/month
Price sensitivity
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Property tax & assessments
Tax year 2023Property description
Physical attributes from public recordsZoning & alternative use
MR · Oakland Park, FLThe Middle River District Sub-area is envisioned as a mixed-use neighborhood to include commercial, retail and residential uses oriented towards the Middle River with buildings fronting bike/ped trails for public access…
Zoning
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Zoning designation
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The district profile from the municipal source: what is on file for MR in Oakland Park, FL.
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