For Sale
$1,200,000

537 34Th StOakland Park, FL 33334

Multi-Tenant Warehouse, High Upside Potential

Overview

Added:
Dec 11, 2024
Days on market:
114
This exceptional Oakland Park, Florida industrial property, located at 537 NE 34th St, 33334, presents a compelling investment opportunity. The 5,467 square foot warehouse sits on an 11,002 square foot lot and is zoned I-1 Light Industrial. The building comprises twenty individual units, each approximately 300 square feet, currently housing ten tenants. Two common area restrooms are conveniently located. Most units are leased to local businesses and tradespeople, or used for self-storage. Several units are currently leased at above-market rates, demonstrating strong rental potential. Specifically, bays 11-13 (600 sq ft total) lease for $30 per square foot (modified gross), while bays 19 and 20 (300 sq ft each) lease for $31.65 and $31.95 per square foot respectively. Approximately 4,267 square feet remain available, offering significant upside potential to increase rental income to $29-32 per square foot. The asking price is $1,200,000. An adjacent vacant lot (551 NE 34th St, Folio 494223055500), currently zoned residential (R-2), offers additional development potential. A preliminary legal review suggests a promising possibility for rezoning to I-1 Light Industrial. This property is an ideal owner-user investment with strong potential for increased revenue and future development.

Highlights

  • $1,200,000 asking price.
  • 5,467 square foot industrial warehouse in Oakland Park, Florida.
  • Owner/user investment opportunity.
  • Multi-tenant property with 10 tenants across 20 units.
  • Situated on an 11,002 square foot lot, zoned I-1 Light Industrial.
  • One building.

Property Details for 537 34Th St

Property type
Warehouses, Industrial properties
Square Feet
5,467 SF
Buildings
1
Units
20

Location Insight

City
Oakland Park
County
Broward
State
Florida
Latitude
26.16937078
Longitude
-80.13957731
537 34Th St, Oakland Park, Florida

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537 34Th St
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