312-322 Ne 38th Street, Oakland Park, FL 33334

$1,450,000

Show Photos

Verify your account to unlock exclusive photos, mortgage tools, and more.

List Price
$1,450,000
Price Change
▼ $250,000 1783500453
MLS#
B26025801
Status
ACTIVE WITH CONTRACT
Type
Commercial

Property Description

Value-add retail strip center located in the heart of Oakland Park's rapidly growing NE 38th Street corridor. 5,562 SF building with 6 tenants including a restaurant, laundromat, retail stores, and tax office. Current rents are significantly below market, offering approximately $44,000/year in upside potential. Recent capital improvements totaling $191,000 include a full roof replacement, new electrical, and new plumbing. Two units are month-to-month providing immediate flexibility for a new owner. Property sits within Oakland Park's Downtown Redevelopment Area — one of Broward County's most active urban growth corridors. All measurements approximate; buyer to verify.

Additional Information

Days on Market
72
Tax Amount
$21,652
Parcel Number
494222040020
Lot Size
12,702
Address
312-322 Ne 38th Street, Oakland Park
Year Built
1979

Mortgage Calculator

Amount of Loan
Annual Interest Rate
%
Term of Loan
Years

Does not include any taxes or fees.
Please consult a financial professional.
Calculator source: Real Geeks

Listing Courtesy of Canvas Real Estate, Contact: