Oakland Park Small Bay
530-536 & 548 NE 32nd St
Oakland Park, FL 33334
Highlights
- Pricing Guidance $1,950,000
- Proforma Cap Rate 6.75%
- Actual Cap Rate 6.20%
- Lot Size 17,111 FT
- Building Size 8,984
- Units 5
- Zoning B-3
- Heart of Oakland Park’s Industrial District
- Close proximity to I-95
Description
Fantastic investment or owner-user opportunity in the heart of Oakland Park's Industrial district! This gem offers 5 bays, totaling 8,984 SF, set on 17,111 SF lot (0.39 AC) with B-3 zoning. Current leases are under market value, with all expiring by year-end. Elevate rental rates to market standards, unlocking a lucrative 6.75% CAP rate as per proforma projections. Don't miss your chance to capitalize on this prime small bay warehouse!
The property is located in the heart of the Oakland Park Industrial District. This site is just one block north of E Oakland Park Blvd., five blocks from Dixie highway and less than two miles to I-95 and US-1. The surrounding area is vibrant, with notable landmarks like Oakland Park's Downtown Core and Central Business District. Over the next two years, 1,000 new residential units will be delivered within a one-mile radius, promising a steadily increasing customer base.
