For Sale
$4,500,000

1500 Commercial Blvd Oakland Park, FL 33334

Prime Retail Space, High Traffic Area

Overview

Added:
Dec 11, 2024
Days on market:
134
This exceptional 9,616 square foot freestanding retail storefront in Oakland Park, Florida, presents a compelling investment opportunity. Located at 1500 Commercial Boulevard, this two-story building boasts 18-foot ceilings and sits on a sizable 10,161 square foot corner lot. Its prime location between Federal Highway and North Dixie Highway ensures high visibility, with over 50,000 vehicles passing daily. The property features ample private parking, a significant advantage in this high-traffic area. Currently operating as a successful furniture retail/wholesale business generating over $100,000 in monthly revenue, and including $300,000 in inventory, this property offers immediate income potential. The building was constructed in 1964 and is zoned for commercial use. Attractive financing options are available for qualified buyers: 80% seller financing at 6% interest only for four years with only 20% down payment required. A strong NNN tenant is prepared to sign a new 3+3 year lease at closing, providing a 7% cap rate. This property is ideal for both investors seeking strong returns and owner-users looking for a high-visibility location in a thriving market. The property's Broward County address is 33334.

Highlights

  • 9,616 SF freestanding retail building in Oakland Park, FL.
  • Located on a 10,161 SF corner lot at 1500 Commercial Blvd, with high visibility and over 50,000 vehicles passing daily.
  • Features 18-foot ceilings and ample private parking.
  • Currently generating over $100,000 monthly revenue with $300,000 in inventory.
  • 80% seller financing available at 6% interest-only for four years with 20% down.
  • Strong NNN tenant prepared to sign a new 3+3 year lease at closing, offering a 7% cap rate.

Property Details for 1500 Commercial Blvd

Property type
Retail properties, Retail space
Square Feet
9,616 SF
Year Built
1964

Location Insight

City
Oakland Park
County
Broward
State
Florida
Latitude
26.1887519
Longitude
-80.1284517

FAQs

What type of property is this?
Retail property - Prime Retail Space, High Traffic Area
Where is the retail property located?
The property is located at 1500 Commercial Blvd Oakland Park, FL.
What is the asking price?
The asking price for this property is $4,500,000.
What are key features of this property?
This property features: 9,616 SF freestanding retail building in Oakland Park, FL.; Located on a 10,161 SF corner lot at 1500 Commercial Blvd, with high visibility and over 50,000 vehicles passing daily.; Features 18-foot ceilings and ample private parking.
How can I contact the broker?
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1500 Commercial Blvd
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