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$1,980,000
Est. payment /mo
3,521 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Mixed Use
Listing Status Active
Purchase Type For Sale
Square Footage 3,521 sqft
Price per Sqft $562
MLS Listing ID A11857338
HOA Y/N No
Year Built 1971
Annual Tax Amount $19,732
Lot Size 0.270 Acres
Acres 0.27
Property Sub-Type Mixed Use
Property Description
Opportunity Zone Mixed-Use Investment | Oakland Park, FLLocated within a designated Opportunity Zone, this two-story, 3,975 SF freestanding mixed-use building sits on a ±17,400 SF site in the heart of Oakland Park. The property features 1,680 SF of ground-floor commercial space, two residential units on the second floor, and a ±635 SF detached garage. With approximately 145 feet of high-visibility frontage along Prospect Road and immediate proximity to I-95, the asset benefits from excellent exposure, access, and tenant demand drivers.Zoned B-2 (General Business), the property supports a broad range of commercial and mixed-use configurations. Notably, the site benefits from a grandfathered auto-related entitlement, providing a rare operational advantage that enhances current income stability and optionality. The existing improvements offer in-place cash flow, while the oversized land area and zoning allow for meaningful value-add or redevelopment upside.By-Right Development & Expansion Potential (B-2 Zoning)2–3 stories8–14 residential unitsOptional 2,500–5,000 SF ground-floor commercial100% market-rate (no affordability requirement)Opportunity Zone Investment HighlightsDeferral of eligible capital gains invested into the projectTax-free appreciation upon sale after a 10-year holdNo affordability covenants or rent restrictionsFlexibility for refinance or exit at Year 10+
Location
State FL
County Broward
Area 3450
Zoning B-2
Interior
Interior Features InteriorFeatures
Fireplace No
Building
Dwelling Type Industrial
Others
Tax ID 494222160100
Virtual Tour https://www.propertypanorama.com/instaview/mia/A11857338
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Listed by John DeMarco RE/MAX 5 Star Realty
NEARBY SCHOOL & BUSINESS
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