Oakland Park Small Bay Industrial Listing Details & Market Data

530-536 & 548 NE 32nd St, Oakland Park, FL 33334

  • For Sale $1,950,000
  • Property Type Industrial - Warehouse/Distribution
  • Property Size 8,984 SF
  • Units 5
  • Lot Size 0.39 Acre
  • Property Tenancy Single Tenant
  • Year Built 1959
  • Date Updated Apr 29, 2024
  • Office Area 150 SF
  • HVAC None
The property is located in the heart of the Oakland Park Industrial District. This site is just one block north of E Oakland Park Blvd., five blocks from Dixie highway and less than two miles to I-95 and US-1. The surrounding area is vibrant, with notable landmarks like Oakland Park's Downtown Core and Central Business District. Over the next two years, 1,000 new residential units will be delivered within a one-mile radius, promising a steadily increasing customer base.Fantastic investment or owner-user opportunity in the heart of Oakland Park's Industrial district! This gem offers 5 bays, totaling 8,984 SF, set on 17,111 SF lot (0.39 AC) with B-3 zoning. Current leases are under market value, with all expiring by year-end. Elevate rental rates to market standards, unlocking a lucrative 6.75% CAP rate as per proforma projections. Don't miss your chance to capitalize on this prime small bay warehouse!Approximately 1,600 SF small bay warehouse immediately available for lease. It features a small office and grade level roll-up door. 4 parking spaces included (tandem parking). Zoning code is B-3 allowing for a plethora of different users. Don't miss your chance to make this prime small bay warehouse your own! Reach out to William Bonomo (954) 372-7280 to schedule a tour today!

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Attachments

Highlights

  • Pricing Guidance $1,950,000
  • Proforma Cap Rate 6.75%
  • Actual Cap Rate 6.20%
  • Lot Size 17,111 FT
  • Building Size 8,984
  • Units 5
  • Zoning B-3
  • Heart of Oakland Park’s Industrial District
  • Close proximity to I-95

Contacts

broker

LEVEL Realty

Level Realty

(954) 372-7280

Location

Getting Around

  • Walk Score ®

    Very Walkable (89)
  • Transit Score ®

    Some Transit (38)
  • Bike Score ®

    Bikeable (67)
Powered by Walk Score ®
  • City Oakland Park, FL
  • Neighborhood Harlem McBride
  • Zip Code 33334
  • Market Fort Lauderdale

Points of Interest

  • Cypress Creek

    2.43 miles

  • Fort Lauderdale

    3.03 miles

  • Esplanade Park

    3.34 miles

  • River House

    3.45 miles

  • Fort Lauderdale

    3.77 miles

  • Pompano Beach

    7.27 miles

  • Fort Lauderdale Airport

    7.49 miles

  • Sheridan Street

    9.53 miles

  • Speedway

    0.43 miles

  • 7-Eleven

    0.45 miles

  • Mobil

    0.95 miles

  • Mobil

    0.95 miles

  • Chevron

    0.96 miles

  • Marathon

    1.42 miles

  • Marathon

    1.52 miles

  • Speedway

    1.58 miles

  • Chevron

    1.68 miles

  • Shell

    1.72 miles

  • DRV PNK Stadium Parking Lots

    2.28 miles

  • Parking at Galt Villas

    2.49 miles

  • CVS

    2.49 miles

  • Galleria

    2.62 miles

  • South Ocean Lot

    3.04 miles

  • USCIS Parking Garage

    3.15 miles

  • Sebastian Lot

    3.67 miles

  • Sebastian Lot (Handicap only)

    3.70 miles

  • Las Olas Intracoastal (E lot)

    3.76 miles

  • South Side (E lot)

    3.88 miles

  • Sprouts Farmers Market

    0.18 miles

  • Publix

    0.64 miles

  • Publix

    1.37 miles

  • Marshalls

    1.44 miles

  • Safeway

    1.47 miles

  • Ross

    1.51 miles

  • Coral Ridge Mall

    1.52 miles

  • Target

    1.53 miles

  • Ross

    1.56 miles

  • Whole Foods Market

    1.67 miles

Contact Listing Broker

broker

LEVEL Realty

Level Realty

(954) 372-7280