3101 Federal HwyOakland Park, FL 33306

Property Details for 3101 Federal Hwy

Year built

1976

Lot size

0.05 AC

Zone code

B-1

Property type

Parking lots & garages

APN

49-42-24-15-0120

APU

494224150120

Description

This exceptional Class A office property, located at 3101 N Federal Hwy in Oakland Park, FL 33306, offers 74,442 square feet of versatile space across two eight-story buildings. The property, built in 1968 and extensively renovated in 2023, boasts a prime location at the bustling intersection of Oakland Park Blvd. and Federal Hwy, one of Broward County's busiest intersections (100,000 vehicles per day). With flexible layouts ranging from a minimum of 12 square feet to a maximum contiguous space of 19,000 square feet, this property caters to diverse business needs, including traditional office, coworking, medical, and creative office uses. The property features 600 parking spaces, elevators, and is zoned PRD. The buildings offer stunning views and ample natural light. The ground floor features retail tenants including Citibank and Chase Bank. Upper floors offer a mix of medical and standard office spaces, with some floors currently available for lease. The second floor of one building includes a built-out lounge with a full kitchen, two bars, and a stage. The top two floors of the main building are vacant and ready for customization. This live-work-play campus offers easy access to I-95, placing it within a 30-minute drive of Aventura and Delray Beach, and just one mile from the beach. The property sits on a 1.9-acre lot and includes two buildings with a total of eight stories. APN: 49-42-24-15-0020

• CAP approach

  CAP return

  Valuation

  6%

  $960,605

  6.5%

  $886,712

  7%

  $823,376

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,636,320

  Geo Method

  $1,636,320

• Alternative Use

  Use

  Valuation

  Residential

  $747,975

  Hospitality

  $685,141

  Educational

  $570,029

  Medical

  $589,634

  Retail

  $886,712

Location Insight

City

Oakland Park

County

Broward

State

Florida

Latitude

26.1683

Longitude

-80.1189

CBSA code

33100

CBSA name

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

Property Tax & Assessments

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