548 32nd St Oakland Park, FL 33334-2134
Property summary
This exceptional investment opportunity presents a 2,584 square foot flex space in Oakland Park, Florida. The property, located at 548 NE 32nd St, 33334, features two separate structures situated on a gated 0.13-acre (5,712 square foot) lot with B3 zoning. The property boasts ample parking and a parapet wall ideal for signage. Its convenient location offers easy access to major transportation arteries, including I-95 and US-1, less than two miles away. The site is also just one block north of E Oakland Park Blvd and five blocks from Dixie Highway. This location benefits from its proximity to Oakland Park's Downtown Core and Central Business District, and is poised for growth with over 1,000 new residential units planned within a one-mile radius over the next two years. Currently occupied by a month-to-month tenant, this property presents a fantastic owner-user opportunity or the potential to increase rental income to market rates. The net rentable square footage is 2,854 square feet. The asking price is $700,000 with a gross lease type and single tenancy.
Property profile
VerifiedCap rate & NOI
Value estimations
Owner & transaction history
Zoning & alternative use
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…
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Value estimation
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from $99/month
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Estimated NOI ÷ last recorded sale. Refine with your own numbers in the full report.
Price sensitivity
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Property tax & assessments
Tax year 2023Property description
Physical attributes from public recordsZoning & alternative use
B-3 · Oakland Park, FLThe 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…
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for B-3 in Oakland Park, FL.
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