2876 Oakland Park BlvdFort Lauderdale, FL 33306

Property Details for 2876 Oakland Park Blvd

Year built

1963

Construction

CONCRETE

Lot size

0.28 AC

Property size (Sq ft)

3,443 SF

Zone code

CB

Property type

Office buildings

APN

49-42-25-06-0130

APU

494225060130

Description

This exceptional 3,443-square-foot free-standing medical office building presents a unique investment opportunity in Fort Lauderdale, Florida. Situated on a 0.28-acre lot at 2876 East Oakland Park Boulevard, zip code 33306, this Class B property offers single-tenant occupancy. Completely renovated in 2024, the building boasts ample parking with 15 spaces, ensuring convenient access for patients and staff. Built in 1963, the structure has undergone a comprehensive modernization, making it ideal for a variety of medical practices or professional office uses. The entire 3,443 square feet is currently vacant, providing immediate occupancy for a new tenant. Its location in Broward County offers excellent visibility and accessibility, making it an attractive proposition for businesses seeking a prominent presence in a thriving area of Fort Lauderdale. The property's single-tenant configuration simplifies management and provides a stable income stream potential. This is a rare opportunity to acquire a fully renovated, modern medical office building in a desirable location.

• CAP approach

  CAP return

  Valuation

  6%

  $1,023,615

  6.5%

  $944,876

  7%

  $877,385

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,017,131

  Geo Method

  $1,017,131

• Alternative Use

  Use

  Valuation

  Residential

  $1,171,646

  Hospitality

  $1,073,222

  Educational

  $892,908

  Medical

  $923,616

  Retail

  $1,388,968

Location Insight

City

Fort Lauderdale

County

Broward

State

Florida

Latitude

26.1669

Longitude

-80.1062

CBSA code

33100

CBSA name

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

Property Tax & Assessments

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