Retail Property – Strong ROI in Oakland Park, FL – Prime Location with High Visibility

Category: Retail

Price:$1,880,000

Location: Oakland Park, FL

Year Built: 1985

Days on Market: 77

Description:

The property is a retail building zoned B1, located within a proposed redevelopment area encompassing approximately 28,000 square feet of mixed-use space. The site allows for the construction of up to five (5) stories, presenting an excellent opportunity for the development of office and retail spaces. The projected resale value is $12,500,000, based on a 6% capitalization rate and a 9% internal rate of return (IRR). Additional details are available in the attached documents. The property currently generates a substantial annual income of $84,392, providing a solid return on investment.

Prime Location: Situated on a busy thoroughfare in Oakland Park, benefits from high visibility and accessibility

Listing Code: 1092534772