1995 E Oakland Park Blvd - Loft/Creative Space FOR SALE


Fort Lauderdale, FL 33306
$5,900,000 USD
1995 E Oakland Park Blvd, Fort Lauderdale, FL for Sale
$5,900,000 USD
Loft/Creative Space - FOR SALE
1/9
null | 5.08% Cap Rate

1995 E Oakland Park Blvd
Fort Lauderdale, FL 33306


OVERVIEW

Situated at 1995 E Oakland Park Blvd, Oakland Park, FL 33306, this office building holds tremendous potential for an impressive redevelopment project. With a maximum building height of 100 feet, the site offers ample space for transformation. The proposed redevelopment envisions a nine-story residential building, encompassing eight residential floors and ground-floor retail spaces along the facade, including a welcoming reception area. The residential building, covering a total area of 9,600 square feet per floor (excluding extensions), aims to accommodate 67+ apartments for rent(Live Local act can add more density). This apartment count takes into account necessary adjustments, considering that 75% of the available spaces are allocated within the structural parking framework, as outlined in Section 24-56 of the Mixed Use Land Development regulations. The apartments themselves boast a spacious layout, with an average size of 1,000 square feet each. This ensures comfortable living spaces for future residents. Additionally, there are plans to incorporate some retail spaces throughout the development, adding convenience and diversity to the overall offering. To cater to the parking needs, a four-level attached parking facility is proposed at the back of the building. This parking structure will provide approximately 7,100 square feet per floor space, ensuring convenient and accessible parking options for residents and visitors. In summary, the redevelopment potential of this office building at 1995 E Oakland Park Blvd holds significant promise. Through thoughtful planning and design, it has the capacity to evolve into an attractive residential complex with retail amenities, providing a desirable living experience within the vibrant Oakland Park community.

FOR SALE DETAILS

PRICE

$5,900,000 USD

PRICE/SF

$281 USD /SF

CAP RATE

5.08%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

1995 Professional Building

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Loft/Creative Space

ADD'L SUBTYPES

Office/Residential

TOTAL BUILDING SIZE

-

STORIES

3

BUILDING CLASS

B

YEAR BUILT

1974

SPRINKLERS

-

PARKING SPACES

73

LAND DETAILS

LAND ACRES

0.77 AC

LAND SF

33,541 SF

ZONING

C-1

APN/PARCEL ID

49-42-24-05-0011

ASK ABOUT THIS PROPERTY

Nick PolyushkinVera RealtyMore Info

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Nick PolyushkinVera RealtyMore Info

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