7204 Oakland Park BlvdLauderhill, FL 33313

Property Details for 7204 Oakland Park Blvd

Year built

1984

Construction

CONCRETE

Lot size

2.20 AC

Property size (Sq ft)

29,645 SF

Zone code

CG

Property type

Retail properties

Property subtype

Retail space

APN

49-41-22-26-0010

APU

494122260010

Description

This exceptional 29,645-square-foot retail property, located in the thriving Oakland Park area, presents a remarkable investment opportunity. The single-tenant building boasts a highly visible storefront along West Oakland Park Boulevard, ensuring maximum exposure to a substantial customer base. Ample on-site parking, with a ratio of 4 spaces per 1,000 square feet, guarantees convenient access for shoppers and employees. The flexible layout allows for customization to suit a variety of retail businesses, and prominent signage opportunities further enhance visibility. This property benefits from a strong synergy with neighboring retailers, creating a vibrant and attractive shopping destination. Its strategic location offers easy access to major thoroughfares, including proximity to the Sawgrass Expressway (SR 869) just 3 miles away and Fort Lauderdale Executive Airport (FXE) a short 7.2 miles distant. The property is zoned CG and its APN is 494122260010. The move-in ready condition minimizes delays, allowing for a swift commencement of operations. Furthermore, the property's location near major retailers such as Publix Super Market and Walmart Supercenter ensures high foot traffic and a strong customer base within a bustling retail corridor.

• CAP approach

  CAP return

  Valuation

  6%

  $12,955,930

  6.5%

  $11,959,320

  7%

  $11,105,083

• Comparable approach

  Method

  Valuation

  Relative Method

  $22,069,470

  Geo Method

  $22,069,470

• Alternative Use

  Use

  Valuation

  Residential

  $10,088,134

  Hospitality

  $9,240,677

  Educational

  $7,688,134

  Medical

  $7,952,542

  Retail

  $11,959,320

Location Insight

City

Lauderhill

County

Broward

State

Florida

Latitude

26.1649

Longitude

-80.2437

CBSA code

33100

CBSA name

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

Property Tax & Assessments

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