3701 Andrews Ave Oakland Park, FL 33309-5261
- Turn key restaurants
- 1,209 SF
- 0.30 lot acres
Current Use by Public Records
- Turn key restaurants
Property Details for 3701 Andrews Ave
- Year built
- 1966
- Construction
- CONCRETE
- Lot size
- 0.30 lot acres
- Property size
- 1,209 SF
- Zone code
- B-1
- Property type
- Turn key restaurants
- APN
- 49-42-22-09-1010
- APU
- 494222091010
Description
This exceptional standalone retail property, located at 3701 N Andrews Ave in Oakland Park, Florida (33309), presents a compelling investment opportunity. The 1,209 square foot building is currently 100% occupied by a restaurant operating under a triple-net (NNN) lease, with a remaining term of three years expiring in February 2025. The asking price is $1,099,999, translating to a price per square foot of $909.84. The current lease is below market value, offering significant potential for rental income growth upon lease expiration. The property benefits from a substantial parking area, catering to the needs of both the tenant and patrons. Situated in a high-traffic area within Broward County, this location enjoys the advantages of a thriving market characterized by increasing rental rates and a growing population. This presents a rare chance to acquire a stable, income-generating asset with considerable upside potential in a dynamic and desirable location. The tenant is responsible for all property taxes, insurance, and maintenance, minimizing the owner's operational responsibilities. This turnkey investment is ideal for those seeking a strong return on investment in a prime commercial location. The property's single-tenant occupancy simplifies management and reduces risk, making it an attractive option for both seasoned and new investors.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $290,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $220,000
- 6.5%
- $205,000
- 7%
- $230,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $200,000
- Geo Method
- $220,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $270,000
- Retail
- $220,000
- Mixed-Use
- $215,000
- Hospitality
- $205,000
- Educational
- $220,000
- Residential Income
- $270,000
- Energy
- $215,000
- Income-Based Land
- $205,000
- Food Service
- $235,000
Location Insight
- Map
- Local Demand
- City
- Oakland Park
- County
- Broward
- State
- Florida
- Longitude
- -80.147
- Latitude
- 26.1733
- CBSA code
- 33100
- CBSA name
- MIAMI-FORT LAUDERDALE-MIAMI BEACH, FL METROPOLITAN STATISTICAL AREA
