2826 Oakland Park BlvdFort Lauderdale, FL 33306

Property Details for 2826 Oakland Park Blvd

Year built

1975

Construction

CONCRETE

Lot size

0.17 AC

Property size (Sq ft)

9,758 SF

Zone code

CB

Property type

Healthcare properties

Property subtype

Medical offices

APN

49-42-25-06-0040

APU

494225060040

Description

This exceptional two-story, 9,758 square foot Class B office building presents a compelling investment opportunity in Fort Lauderdale, Florida. Located at 2826 E Oakland Park Blvd, this property boasts a prime location just one block from AIA and US1, ensuring high visibility and accessibility. Built in 1975 and renovated in 1980, the building is currently fully leased to medical professionals, providing a stable and consistent income stream. The property features three units spread across its 9,758 square feet of net rentable space, situated on a 7,505 square foot lot. The building's major systems are in excellent condition, including the roof, elevator, and air conditioning. The permitted zoning is CB - COMMUNITY BUSINESS, offering flexibility for future uses. With its strong tenant occupancy, desirable location, and well-maintained infrastructure, this property represents a solid investment with significant potential for long-term growth and return. The asking price is $3,500,000. This is a rare opportunity to acquire a fully leased, high-performing medical office building in a thriving Fort Lauderdale market.

• CAP approach

  CAP return

  Valuation

  6%

  $2,901,086

  6.5%

  $2,677,926

  7%

  $2,486,645

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,882,708

  Geo Method

  $2,882,708

• Alternative Use

  Use

  Valuation

  Residential

  $3,320,628

  Hospitality

  $3,041,677

  Educational

  $2,530,640

  Medical

  $2,617,672

  Retail

  $3,936,551

Location Insight

City

Fort Lauderdale

County

Broward

State

Florida

Latitude

26.1669

Longitude

-80.1077

CBSA code

33100

CBSA name

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

Property Tax & Assessments

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