For Sale
$6,900,000

740 45Th StOakland Park, FL 33334

28,040 SF Flex Warehouse, Redevelopment Opportunity

Overview

Added:
Dec 11, 2024
Days on market:
114
This exceptional 28,040-square-foot industrial property in Oakland Park, Florida, presents a compelling redevelopment opportunity. Situated on a 1.66-acre lot zoned I-1 (Light Industrial), this fee-simple offering comprises three buildings: a 25,880-square-foot warehouse with 26-foot ceilings, and a 2,158-square-foot office building. The warehouse boasts 13 bay doors (11 measuring 14x14 feet, and 2 measuring 20x20 feet), two 10x14-foot loading docks, two 5-ton rail cranes, and two 2-ton jib cranes. The property features 3-phase power (800-900 amps) and recently underwent significant improvements, including new pavement and paint in 2024, and passed its 40-year structural and electrical inspections. Conveniently located in Oakland Park's Central Business District, it offers easy access to I-95 via two ingress/egress points, providing excellent visibility and accessibility. A month-to-month tenant currently occupies approximately 3,500 square feet, and there's potential for additional leasing (up to 15,000 sq ft). The asking price is $6,900,000 ($246.08/sq ft), reflecting the property's significant potential for future development and immediate income generation. The property's existing infrastructure, coupled with the ample land and strategic location, makes it an ideal investment for owner-users seeking to expand or reposition their operations within a thriving South Florida market. A roof coating with a 10-year warranty is planned.

Highlights

  • $6,900,000 asking price for a 28,040 SF industrial flex/warehouse property.
  • Owner-user redevelopment opportunity with a NNN lease and corporate guarantee.
  • 28,040 SF net rentable area, priced at $246.08/SF.
  • 1.66-acre lot with three buildings, including a 25,880 SF warehouse (26' ceilings) and a 2,158 SF office building.
  • I-1 zoning in Oakland Park, FL's Central Business District, offering redevelopment potential.
  • Features include two loading docks, 13 bay doors (11 14x14', 2 20x20'), 2 five-ton rail cranes, 2 two-ton jib cranes, and 800-900 amp 3-phase power.

Property Details for 740 45Th St

Property type
Warehouses, Industrial properties
Square Feet
28,040 SF
Year Built
1969
Buildings
3
Stories
1
Lot Size (sq. ft)
72,310 SF

Location Insight

City
Oakland Park
County
Broward
State
Florida
Latitude
26.1834438
Longitude
-80.1367778
740 45Th St, Oakland Park, Florida

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740 45Th St
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