Property profile

4390 N Dixie Hwy Oakland Park, FL 33334

FOR SALE
Turn key restaurants
Property ID
US18-4074547
1,241 SF 0.31 ac lot Built 1964
Entity Owned 3-yr Hold Free & Clear
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Property summary

AI-generated overview

The property is an infill assemblage containing three existing buildings on a single development site in Oakland Park’s walkable urban core, situated on a high-visibility corner. It is located within the MU-A6 Downtown Mixed-Use Overlay District, where the zoning permits by-right construction up to three stories and provides the possibility of a height bonus to a maximum height of 90 feet. The site is configured to support vertical or mixed-use development, including a potential midrise format with an estimated 5 to 6 stories, and allows for a program that may include approximately 80 to 90 multifamily units with a mix of studio through 2-bedroom apartments, along with an estimated 6,000 to 8,000 square feet of ground-floor retail or restaurant space. Parking can be accommodated through a podium-style structured parking layout or through a shared parking strategy, and typical amenity features that may be incorporated include a rooftop deck, fitness center, resident lounge, and coworking space. (The property consists of three buildings and is positioned for redevelopment consistent with the stated zoning and overlay provisions.)

Property profile

Verified
Property type Turn key restaurants
Use group RESTAURANT
Year built 1964
Construction CONCRETE
Total area 1,241 SF
Lot 0.31 ac (13,358 SF)
Zoning code B-3
APN 49-42-23-22-0010
UPID US18-4074547

Cap rate & NOI

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

Current use

Occupant on record · Public records
  • Restaurant

Location

4390 N Dixie Hwy Oakland Park, FL 33334
Oakland Park metro Census 50702 MIAMI-FORT LAUDERDALE-MIAMI BEACH, FL METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$215k

Owner & transaction history

since 2023
Last sale
$1,000
1 recorded transaction
2023
$1,000

Zoning & alternative use

B-3 · Oakland Park, FL
Zoning description

The B-3 Commercial-Industrial District is intended primarily for certain repair and other services, wholesale, storage, light manufacturing, packaging and shipping, although retail and office uses are also permitted. The…

General category INDUSTRIAL

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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