Property profile

3291 Andrews Ave Oakland Park, FL 33309

OFF-MARKET
Commercial land
Property ID
US19-0451798
0.38 ac lot Built 1997
Entity Owned 2-yr Hold Free & Clear
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Property summary

AI-generated overview

This exceptional $1,250,000 flex space property, located at 3291 N Andrews Ave in Oakland Park, Florida (33309), presents a unique investment opportunity. Built in 1997, this industrial property boasts a highly desirable corner lot position on Andrews Avenue, north of Oakland Park Boulevard and east of I-95. The strategic location ensures exceptional visibility and exposure to a substantial volume of vehicular and pedestrian traffic, averaging over 40,000 vehicles daily. This high traffic count translates to significant potential for business growth and brand awareness. The property's versatility allows for a wide range of uses, including medical, dental, veterinary, banking, retail, general office, or flex space applications. Its prominent placement makes it an ideal choice for businesses seeking to establish a strong presence in a bustling and easily accessible area of Broward County. The property's size and location combine to offer a compelling investment opportunity with significant long-term potential. This is a rare chance to acquire a high-visibility commercial property in a thriving Florida market.

Property profile

Verified
Property type Commercial land
Use group VACANT COMMERCIAL LAND
Year built 1997
Lot 0.38 ac (16,375 SF)
Zoning code B-1
APN 49-42-22-53-0010
UPID US19-0451798

Cap rate & NOI

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

Location

3291 Andrews Ave Oakland Park, FL 33309
Oakland Park metro Census 50701 MIAMI-FORT LAUDERDALE-MIAMI BEACH, FL METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$550k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$515k

Owner & transaction history

since 2023
Last sale
$480,000
4 recorded transactions
2023
$480,000
2021
Price N/A
2021
$440,000
2006
$390,000

Zoning & alternative use

B-1 · Oakland Park, FL
Zoning description

The B-1 Community Business District is intended primarily to meet the shopping and limited service needs of several neighborhoods. Retail stores are intended to include convenience, fashion and durable goods. The B-1 Dis…

General category COMMERCIAL

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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