2881 Oakland Park BlvdFort Lauderdale, FL 33306

Property Details for 2881 Oakland Park Blvd

Year built

1969

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

0.87 AC

Property size (Sq ft)

19,082 SF

Zone code

CB

Property type

Office properties

Property subtype

Office buildings

APN

49-42-24-03-0530

APU

494224030530

Description

The Commonwealth Building offers 20,000 square feet of Class B office space in the heart of East Fort Lauderdale. This three-story building, constructed in 1962 and renovated in 2013, houses 63 individual suites, perfect for businesses of all sizes. Multiple tenancy options are available, with spaces ranging from a minimum of 65 square feet to a maximum contiguous space of 505 square feet. Five suites are currently available for immediate occupancy. Each office is fully furnished and turnkey, providing a seamless transition for new tenants. A comprehensive suite of services is included, eliminating the need for significant upfront investment. These services encompass high-speed internet access, fully equipped phone systems with dedicated numbers, professional receptionist services, ample parking, access to conference rooms during specified hours, regular cleaning services, and 24/7/365 building access. A notary service is also conveniently provided on-site. This exceptional location and comprehensive service package make the Commonwealth Building an ideal choice for businesses seeking a fully equipped and efficient workspace. The building's single structure simplifies operations and provides a cohesive environment for its tenants.

• CAP approach

  CAP return

  Valuation

  6%

  $5,673,142

  6.5%

  $5,236,747

  7%

  $4,862,694

• Comparable approach

  Method

  Valuation

  Relative Method

  $5,637,204

  Geo Method

  $5,637,204

• Alternative Use

  Use

  Valuation

  Residential

  $6,493,566

  Hospitality

  $5,948,072

  Educational

  $4,948,726

  Medical

  $5,118,920

  Retail

  $7,698,018

Location Insight

City

Fort Lauderdale

County

Broward

State

Florida

Latitude

26.1679

Longitude

-80.106

CBSA code

33100

CBSA name

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

Property Tax & Assessments

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