1299 Oakland Park Blvd, Oakland Park, FL 33334
This exceptional mixed-use property, located at 1299 E Oakland Park Blvd in Oakland Park, Florida (33334), presents a unique investment opportunity. The 50,364 square foot building sits on a 1.3-acre lot and boasts 54 parking spaces. Constructed in 1976, the all-concrete structure, including the roofs, offers significant durability and potential for various uses. Currently configured as an apartment building with 28 renovated studios, along with medical office and storefront spaces, the property benefits from flexible zoning allowing for commercial, residential, or mixed-use development. Its prime location at the intersection of E Oakland Park Blvd and Dixie Highway ensures unparalleled visibility, with over 100,000 vehicles passing daily. Conveniently situated, it's just 7 minutes from Lauderdale-by-the-Sea, 10 minutes from Las Olas Boulevard, and 5 minutes from Wilton Manors. The asking price is $9,900,000. The property's APN is 4942-23-03-0120. This presents a rare chance to acquire a substantial property in a high-demand area with significant upside potential. The existing building provides immediate income potential while the flexible zoning opens doors to a wide range of future development possibilities.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
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Property description
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