Entity Owned Property summary
This exceptional investment opportunity presents a 4,000-square-foot multi-tenant warehouse situated in Oakland Park, Florida, at 4038 NE 5th Terrace, zip code 33334. Built in 1960, this single-story industrial property boasts 100% occupancy with three distinct units. The property features a versatile layout, including office space, a bay with a retail counter, and ample warehouse area. Access is provided by two 12-foot bay doors at the front and three additional bay doors secured within a fenced area off the back alley. The building includes one full bathroom and four half bathrooms. The units are currently leased under varying terms: one tenant holds a yearly lease, while the other two are on month-to-month agreements. Unit A comprises approximately 1,740 square feet, Unit B approximately 760 square feet, and Unit C approximately 1,500 square feet. The asking price for this institutional-grade investment is $950,000. The property is located within an established Oakland Park industrial park. Lot size is not specified. This property offers a strong return on investment with its current occupancy and diverse tenant base.
Property profile
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Zoning & alternative use
Light Industrial District is intended primarily for the manufacture, fabrication and processing of small articles and nonobjection able products not involving the use of any materials, processes or machinery likely to ca…
Comparables
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Property tax & assessments
Tax year 2023Property description
Physical attributes from public recordsZoning & alternative use
I-1 · Oakland Park, FLLight Industrial District is intended primarily for the manufacture, fabrication and processing of small articles and nonobjection able products not involving the use of any materials, processes or machinery likely to ca…
Zoning
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Zoning designation
Official district profile
Light Industrial District is intended primarily for the manufacture, fabrication and processing of small articles and nonobjection able products not involving the use of any materials, processes or machinery likely to ca…
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The district profile from the municipal source: what is on file for I-1 in Oakland Park, FL.
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