3472 Ne 5th Ave

Oakland Park, FL 33334

Commercial

Type


$3,090,000

List Price

0

Beds

0.0

Baths

  • MLS# A10612637
  • MLS# A10612637
  • MLS# A10612637
  • MLS# A10612637
  • MLS# A10612637
  • MLS# A10612637
  • MLS# A10612637
  • MLS# A10612637
  • MLS# A10612637
  • MLS# A10612637
  • MLS# A10612637

Property Description

Oakland Park Homes for Sale. The total leasable square footage is 21,385 feet sitting on a large 34,852 square feet lot. The entire property was recently vacated and presents an excellent opportunity for an owner user, or investor. The subject property can be easily leased to multiple tenants after closing creating an excellent investment opportunity. There are 10 total bays. Included in this offering are recent lease comparables confirming the average leasing rates average $14 a square foot net. When leased and stabilized this property will net $296,136 per year yielding a strong 9.58% capitalization rate. Property is zoned I1 light industrial. This property is being offered at only $144 a sf which is well below recent sales.

Property Information

MLS # : A10612637
Community : N/A
Total Acres : N/A
Address : 3472 Ne 5th Ave
City : Oakland Park
Price : $ 3,090,000
Property Type : Commercial
Built In : 1961
Postal Code : 33334
County : Broward County

Property Features

Sub Type :
Industrial
Driving Directions :
Follow I-95 N to FL-816 E/W Oakland Park Blvd in Oakland Park. Take exit 31A from I-95 N. Use any lane to turn right onto FL-816 E/W Oakland Park Blvd. Turn left onto NE 5th Ave- the property will be on the right side.
Parking :
Common Parking
Legal :
OAKLAND PARK SECOND ADD 1-39 B LOT 1 LESS W 4.08 M/L FOR CO RD, 2,3,28,29,30 LESS W 3.65 M/L FOR CO RD BLK 77
Pets Allowed :
No
Area :
3450
Gross taxes :
30103
Tax Year :
2018
Zoning :
I1
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Similar Homes For Sale

Listing courtesy of John DeMarco , RE/MAX 5 Star Realty.

MLS # A10612637
$ 3,090,000

The Day and Jekov Group
RealStoria Level Agent
561-614-5353
sales@realstoria.com
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