537 34th St 549 Oakland Park, FL 33334-2145

This exceptional Oakland Park, Florida industrial property, located at 537 NE 34th St, 33334, presents a compelling investment opportunity. The 5,467 square foot warehouse sits on an 11,002 square foot lot and is zoned I-1 Light Industrial. The building comprises twenty individual units, each approximately 300 square feet, currently housing ten tenants. Two common area restrooms are conveniently located. Most units are leased to local businesses and tradespeople, or used for self-storage. Several units are currently leased at above-market rates, demonstrating strong rental potential. Specifically, bays 11-13 (600 sq ft total) lease for $30 per square foot (modified gross), while bays 19 and 20 (300 sq ft each) lease for $31.65 and $31.95 per square foot respectively. Approximately 4,267 square feet remain available, offering significant upside potential to increase rental income to $29-32 per square foot. The asking price is $1,200,000. An adjacent vacant lot (551 NE 34th St, Folio 494223055500), currently zoned residential (R-2), offers additional development potential. A preliminary legal review suggests a promising possibility for rezoning to I-1 Light Industrial. This property is an ideal owner-user investment with strong potential for increased revenue and future development.