2666 Oakland Park BlvdFort Lauderdale, FL 33306

Property Details for 2666 Oakland Park Blvd

Year built

1961

Construction

CONCRETE

Lot size

0.34 AC

Property size (Sq ft)

7,300 SF

Zone code

CB

Property type

Retail properties

Property subtype

Retail space

APN

49-42-25-04-2060

APU

494225042060

Description

This exceptional commercial property, located at 2666 E Oakland Park Boulevard in Fort Lauderdale, Florida, presents a unique investment opportunity. Situated at the high-traffic intersection of Oakland Park Boulevard and Federal Highway, this building boasts daily traffic counts exceeding 30,000 vehicles. Its prime location, just blocks from A1A and the beach, ensures unparalleled visibility and accessibility. The 7,300 square foot building, constructed in 1961, comprises three retail units currently operating as a nightclub with a fully equipped kitchen and entertainment facilities, including food and beverage service. This versatile space offers significant potential for repositioning and maximizing returns for an investor or owner-user. The property's location within a rapidly growing area, combined with its exceptional accessibility, makes it a standout investment opportunity in a highly sought-after location. The asking price is $3,800,000. The lot size is not specified. All information is believed to be accurate but should be independently verified by the buyer. This is a rare chance to acquire a lucrative investment in a thriving Fort Lauderdale market. Don't miss this opportunity.

• CAP approach

  CAP return

  Valuation

  6%

  $3,190,362

  6.5%

  $2,944,950

  7%

  $2,734,596

• Comparable approach

  Method

  Valuation

  Relative Method

  $5,434,546

  Geo Method

  $5,434,546

• Alternative Use

  Use

  Valuation

  Residential

  $2,484,176

  Hospitality

  $2,275,491

  Educational

  $1,893,182

  Medical

  $1,958,292

  Retail

  $2,944,950

Location Insight

City

Fort Lauderdale

County

Broward

State

Florida

Latitude

26.1668

Longitude

-80.1117

CBSA code

33100

CBSA name

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

Property Tax & Assessments

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