This light industrial property is in the heart of Oakland Park’s Central Business District and just west of the Downtown mixed use District. The approximate 1,682 SF fully air conditioned warehouse features approximately 20% office and 80% warehouse, with a roll up grade level door in the rear. In addition to the 1,682 SF rentable space, this property features a private, fenced, and covered area of roughly 600 SF in the back. This additional space is not included in the rental square footage, providing great value for the space. Ample parking both the front and rear of the space.
4047 NE 5th Terrace is located half way between Oakland Park Blvd and Commercial Blvd via NE 5th Ave. There are two I-95 access points less than 1.5 miles away and Prospect Rd 2 blocks away.
Real Estate incentives range widely and have been overlooked by the Commercial Multiple Listing Services (MLS) for decades. Real estate incentives is a generic term used to group any number of programs, such as tax incentives, that are designated by an agency for a geographic area."
Why are Real Estate Incentives Important and to Whom?
"Incentives" are vital today and in the future because:
U.S. Public: Many incentives focus on job creation and Affordable Housing
Investors and Commercial Developers use incentives to reduce financial risk, obtain gap financing, etc. Investors and developers look for property listings with incentives available.
Commercial Real Estate Brokers, in mass, unfortunately do not know about incentives tied to their listings
Entire Supply Chain of Real Estate Development such as small and large companies who will provide goods and services to new and revitalized properties.