820 Oakland Park BlvdWilton Manors, FL 33311

Property Details for 820 Oakland Park Blvd

Year built

1962

Construction

CONCRETE

Lot size

0.19 AC

Property size (Sq ft)

3,238 SF

Zone code

B-2

Property type

Retail properties

Property subtype

Retail space

APN

49-42-28-08-0020

APU

494228080020

Description

This exceptional, turn-key restaurant and bar is available for $250,000. Located at 820 W Oakland Park Blvd in Wilton Manors, Florida (33311), this property offers immediate operational potential. The business boasts a fully stocked inventory, ready for a new owner to step in and begin operations. A significant advantage is the large private parking lot, ensuring convenient access for customers and efficient deliveries for suppliers. Its strategic location, just meters from I-95 and near multiple gas stations and the city center, guarantees high visibility and accessibility to a large customer base. The interior features well-maintained refrigeration equipment, ample storage space to accommodate inventory needs, a private office for administrative tasks, restrooms for customer convenience, a modern mobile payment system for efficient transactions, and installed surveillance cameras for security. This fully equipped establishment is poised for continued success and growth within a thriving community. The property is classified as retail, encompassing both restaurant and bar functionalities. This presents a unique opportunity to acquire a profitable business in a high-traffic area with all the necessary infrastructure in place.

• CAP approach

  CAP return

  Valuation

  6%

  $1,415,122

  6.5%

  $1,306,267

  7%

  $1,212,962

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,410,556

  Geo Method

  $2,410,556

• Alternative Use

  Use

  Valuation

  Residential

  $1,101,885

  Hospitality

  $1,009,321

  Educational

  $839,743

  Medical

  $868,623

  Retail

  $1,306,267

Location Insight

City

Wilton Manors

County

Broward

State

Florida

Latitude

26.1659

Longitude

-80.1539

CBSA code

33100

CBSA name

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

Property Tax & Assessments

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