Commercial property in Oakland Park, Florida № 1957550

Commercial property in Oakland Park, Florida № 1957550
ID1957550 $ 1 980 000
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1957550

Property description

Opportunity Zone Mixed-Use Investment | Oakland Park, FL Located within a designated Opportunity Zone, this two-story, 3,975 SF freestanding mixed-use building sits on a ±17,400 SF site in the heart of Oakland Park. The property features 1,680 SF of ground-floor commercial space, two residential units on the second floor, and a ±635 SF detached garage. With approximately 145 feet of high-visibility frontage along Prospect Road and immediate proximity to I-95, the asset benefits from excellent exposure, access, and tenant demand drivers. Zoned B-2 (General Business), the property supports a broad range of commercial and mixed-use configurations. Notably, the site benefits from a grandfathered auto-related entitlement, providing a rare operational advantage that enhances current income stability and optionality. The existing improvements offer in-place cash flow, while the oversized land area and zoning allow for meaningful value-add or redevelopment upside. By-Right Development & Expansion Potential (B-2 Zoning)
2–3 stories 8–14 residential units Optional 2,500–5,000 SF ground-floor commercial 100% market-rate (no affordability requirement) Opportunity Zone Investment Highlights Deferral of eligible capital gains invested into the project Tax-free appreciation upon sale after a 10-year hold No affordability covenants or rent restrictions Flexibility for refinance or exit at Year 10+
MLS #: A11857338
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CityOakland Park
Address250 NE 44th St, Oakland Park FL 33334
TypeCommercial property
Completion dateIV quarter, 1971
Price
  • Price
  • per m²
$ 1 980 000
  • EUR €
  • USD $
  • RUB ₽
  • GBP £
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