250 44Th StOakland Park, FL 33334

Property Details for 250 44Th St

Year built

1971

Construction

CONCRETE

Lot size

0.27 AC

Property size (Sq ft)

3,521 SF

Zone code

B-2

Property type

Retail residential properties

APN

49-42-22-16-0100

APU

494222160100

Description

This exceptional investment opportunity presents a turnkey auto facility ideally situated at 250 NE 44th Street, Oakland Park, Florida, 33334. The property encompasses a 17,400 square foot lot (APN: 49-42-22-16-0100, 49-42-22-16-0090) zoned B-2 General Business, offering significant potential. The main building, totaling 3,975 square feet, features a 3,340 square foot auto repair shop on the ground floor and two residential units, each a one-bedroom, one-bathroom apartment (780 sq ft each), on the second floor. An additional 635 square foot auto shed/garage provides further functionality. Currently generating income, with 100% commercial occupancy and 50% residential occupancy, this property boasts high visibility due to its frontage on Prospect Road, a thoroughfare with 22,500 vehicles passing daily. The property is offered at $1.98 million, presenting a compelling return on investment. This is a rare opportunity to acquire a well-established, income-producing property in a prime Oakland Park location. The property consists of two units on a 17,400 sq ft lot, offering a blend of commercial and residential use. This mixed-use property is ready for immediate operation.

• CAP approach

  CAP return

  Valuation

  6%

  $1,298,038

  6.5%

  $1,198,189

  7%

  $1,112,604

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,612,269

  Geo Method

  $1,612,269

• Alternative Use

  Use

  Valuation

  Residential

  $1,198,189

  Hospitality

  $1,097,535

  Educational

  $913,136

  Medical

  $944,540

  Retail

  $1,420,434

Location Insight

City

Oakland Park

County

Broward

State

Florida

Latitude

26.181

Longitude

-80.1432

CBSA code

33100

CBSA name

MIAMI-FORT LAUDERDALE-MIAMI BEACH, FL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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