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Key Details
Sold Price $1,175,000
Property Type Commercial
Sub Type Commercial
Listing Status Sold
Purchase Type For Sale
Subdivision Vordermeier Building
MLS Listing ID F10437672
Sold Date 11/26/24
Construction Status New Construction
HOA Y/N No
Total Fin. Sqft 3429
Year Built 1961
Tax Year 2023
Lot Size 3,429 Sqft
Property Description
Discover an unparalleled investment opportunity in the heart of Oakland Park, Florida. This 2-story commercial property measures 7,009 sq. ft. It is nestled within the Coral Shopping Plaza on the corner of Federal Highway and Oakland Park Boulevard. It has a combined daily vehicle count of 80,000 cars (FDOT), prominent signage opportunities, & ample on-site parking. Oaklyn was recently completed across the street. It is a mixed-use property with 274 luxury apartment rentals & 19,328 sq. ft. of ground-floor retail. New & notable tenants include Pause Studio, Bondi Sushi, Pure Barre, & the Monkees. The property offers convenience & proximity to major thoroughfares, like I-95, FL Turnpike & Federal Highway, Wilton Manors, downtown Fort Lauderdale, & the beaches. PROFROMA 6.6% CAP RATE.
Location
State FL
County Broward County
Area Ft Ldale Ne (3240-3270;3350-3380;3440-3450;3700)
Zoning B-1
Interior
Cooling Central Individual A/C
Flooring Carpeted Floors, Concrete Floors, Tile Floors
Exterior
Water Access N
Roof Type Concrete Roof,Other Roof
Private Pool No
Building
Story 2.0000
Foundation Concrete Block Construction, Cbs Construction
Sewer Public Sanitation
Water Public Water
Construction Status New Construction
Others
Pets Allowed No
Security Features Security Lighting
Acceptable Financing Cash, Conventional/Refinance, Other Terms
Listing Terms Cash, Conventional/Refinance, Other Terms
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Bought with Native Realty Co.