1605 Oakland Park BlvdWilton Manors, FL 33311

Property Details for 1605 Oakland Park Blvd

Year built

1995

Lot size

1.01 AC

Zone code

B-1

Property type

Retail properties

Property subtype

Parking lots & garages

APN

49-42-21-41-0020

APU

494221410020

Description

This exceptional 31,038-square-foot retail property at 1605 W Oakland Park Blvd, Oakland Park, FL 33309, is ideally situated for high visibility and substantial foot traffic. Boasting a prime location in the heart of Oakland Park and Fort Lauderdale, this property benefits from direct frontage on Oakland Park Boulevard, just west of I-95. The property comprises two buildings, one measuring 22,932 square feet and the other 8,106 square feet, each equipped with separate men's and women's restrooms. Sitting on a spacious 3.22-acre lot, ample parking is readily available. Zoned B-1 General-Commercial Retail, this versatile space offers a multitude of potential uses, including retail stores, medical offices, gyms, showrooms, and automotive businesses. Previously occupied by Rooms To Go for many years, this free-standing building presents a unique opportunity. A tenant improvement allowance is available. The property's APN is 494221410010. This single-tenant building presents a rare opportunity to establish a thriving business in a high-demand area.

• CAP approach

  CAP return

  Valuation

  6%

  $19,316,988

  6.5%

  $17,831,066

  7%

  $16,557,419

• Comparable approach

  Method

  Valuation

  Relative Method

  $32,905,062

  Geo Method

  $32,905,062

• Alternative Use

  Use

  Valuation

  Residential

  $15,041,172

  Hospitality

  $13,777,632

  Educational

  $11,462,828

  Medical

  $11,857,053

  Retail

  $17,831,066

Location Insight

City

Oakland Park

County

Broward

State

Florida

Latitude

26.1668

Longitude

-80.1644

CBSA code

33100

CBSA name

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

Property Tax & Assessments

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