180-186 E Prospect Rd - Freestanding FOR SALE


Oakland Park, FL 33334
$750,000 USD
954-661-4170
180-186 E Prospect Rd, Oakland Park, FL for Sale
$750,000 USD
Freestanding - FOR SALE
1/12
null | Request Cap Rate

180-186 E Prospect Rd
Oakland Park, FL 33334


HIGHLIGHTS

  • 2,322 SF building with 4 Units
  • Average household income of +/-$95,000 within 3-mile radius
  • Easy access and great visibility on Prospect Road
  • Within Oakland Park CRA boundaries & Opportunity Zone
  • Zoning B-2 (General Business)
  • Ideal for an owner user

OVERVIEW

SVN Commercial Partners, as exclusive advisor, is pleased to present Prospect Gardens Center (the "Property") a retail strip center in the heart of Oakland Park, Florida. This Property offers convenient access and high visibility with a daily traffic count of over 23,000 vehicles on Prospect Rd and a population exceeding 130,000 within a 3-mile radius. The 2,322 SF building, featuring four units, presents a great opportunity for an owner-user or a value add investor that wants to be in Oakland Park, Fl near Wilton Manors, FL. Built in 1961, the Property benefits from its strategic location within both an Opportunity Zone and CRA boundaries, offering substantial advantages. Owner-users can take advantage of tax deferral and reduction incentives in the Opportunity Zone, while the Oakland Park CRA provides funding for local businesses through the Business Incentive Program (BIP). The property is located in a B-2 (General Business) zone, with an average household income over $95,000 within a 3-mile radius, offering a strong customer base. All units are currently leased on a month-to-month basis giving an owner-user flexibility to partially occupy space and generate rental income or fully occupy the building. It also offers a total of eight shared parking spaces and a parking ratio of 3.4 spaces per 1,000 rentable square feet. Don't miss out on this value add owner user opportunity in the thriving retail market of Oakland Park, Florida.

FOR SALE DETAILS

PRICE

$750,000 USD

PRICE/SF

$323 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

Prospect Gardens Center

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

ADD'L SUBTYPES

Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1961

SPRINKLERS

-

PARKING SPACES

8

LAND DETAILS

LAND ACRES

0.15 AC

LAND SF

6,377 SF

ZONING

B-2

APN/PARCEL ID

49-42-22-16-0030

ASK ABOUT THIS PROPERTY

Cleveland SainpreuxSVN | Commercial PartnersMore Info
954-661-4170

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Cleveland SainpreuxSVN | Commercial PartnersMore Info
954-661-4170

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.