321 44Th StOakland Park, FL 33334

Property Details for 321 44Th St

Year built

1964

Construction

CONCRETE

Lot size

0.13 AC

Property size (Sq ft)

916 SF

Zone code

B-2

Property type

Retail space

APN

49-42-15-03-4340

APU

494215034340

Description

This exceptional free-standing commercial property, located at 321 NE 44th St in Oakland Park, Florida, offers 916 square feet of versatile space ideal for retail or office use. The single-tenant building, constructed in 1969, sits on a 5,501 square foot lot and is classified as Class B. The property boasts eight parking spaces, providing a convenient 6.5/1000 parking ratio. Its prime location on Prospect Road ensures high visibility and excellent signage opportunities. The B-2 zoning allows for a variety of commercial uses. The building's convenient proximity to I-95 and the vibrant shops and restaurants of Downtown Oakland Park adds to its appeal. The property is currently configured for two tenants, presenting a unique opportunity for a single occupant to lease the entire 916 square feet or a portion thereof. All-inclusive monthly rent is $2,500 for the front portion or $3,500 for the entire building. The Broward County property (APN: 4942 15 03 4340) presents a compelling investment opportunity in a thriving location. This one-story building offers a low overhead cost structure and significant potential for growth.

• CAP approach

  CAP return

  Valuation

  6%

  $400,325

  6.5%

  $369,531

  7%

  $343,136

• Comparable approach

  Method

  Valuation

  Relative Method

  $681,924

  Geo Method

  $681,924

• Alternative Use

  Use

  Valuation

  Residential

  $311,713

  Hospitality

  $285,527

  Educational

  $237,555

  Medical

  $245,725

  Retail

  $369,531

Location Insight

City

Oakland Park

County

Broward

State

Florida

Latitude

26.1816

Longitude

-80.1423

CBSA code

33100

CBSA name

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

Property Tax & Assessments

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