866 Oakland Park BlvdOakland Park, FL 33334

Property Details for 866 Oakland Park Blvd

Year built

1959

Construction

CONCRETE

Lot size

0.67 AC

Property size (Sq ft)

8,448 SF

Zone code

MR

Property type

Retail properties

Property subtype

Retail space

APN

49-42-26-11-0024

APU

494226110024

Description

This exceptional turnkey pet grooming business, established in 2008 and under current ownership for five years, presents a lucrative investment opportunity in Oakland Park, Florida. Located at 866 E Oakland Park Blvd, 33334, this well-established retail business is housed in a building constructed in 1959. Generating over $250,000 in gross annual sales, translating to a monthly gross income between $15,000 and $20,000, this profitable venture boasts a loyal customer base exceeding 3,591 pets served last year. The business model includes a comprehensive range of services, encompassing pet grooming, boarding (pet hotel), a dedicated photo studio, and even dental cleaning. Operating with six experienced employees, the business maintains low overhead costs, with monthly rent, inclusive of water, totaling $2,137.03. This established business offers a strong foundation for continued growth and profitability, making it an attractive proposition for discerning investors seeking a proven, high-performing enterprise in a desirable location. The asking price for this thriving business is $180,000.

• CAP approach

  CAP return

  Valuation

  6%

  $3,692,080

  6.5%

  $3,408,074

  7%

  $3,164,640

• Comparable approach

  Method

  Valuation

  Relative Method

  $6,289,184

  Geo Method

  $6,289,184

• Alternative Use

  Use

  Valuation

  Residential

  $2,874,838

  Hospitality

  $2,633,336

  Educational

  $2,190,904

  Medical

  $2,266,253

  Retail

  $3,408,074

Location Insight

City

Oakland Park

County

Broward

State

Florida

Latitude

26.1662

Longitude

-80.1345

CBSA code

33100

CBSA name

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

Property Tax & Assessments

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