- For Sale $3,300,000
- Property Type Retail - Strip
- Property Size 14,600 SF
- Units 9
- Lot Size 1.3 Acre
- Parking Spaces Avail. 77
- Property Tenancy Multi-Tenant
- Building Class B
- Year Built 1974
- Date Updated Apr 25, 2024
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Highlights
- Prime Location: Strategically situated at the NE corner of NW 40th St and Powerline Rd in Oakland Park, FL, offering exceptional visibility and exposure to over 277,000 daily vehicle traffic along Interstate I-95.
- Ample Frontage: Boasting an impressive 615 feet of frontage along Powerline Rd (NW 9th Ave), a major north-south thoroughfare in Broward County, enhancing accessibility and attracting potential customers.
- Owner-User Opportunity: The Property is currently 48% occupied, Providing an Opportunity for an Owner-User to Occupy More than Half of the Building, Making it Eligible for 90% LTV SBA Financing
- Upside Potential: Current rental rates average $14.36 per square foot, providing a significant 30% upside potential in rental income by adjusting rents to market rates. Additionally, potential income from high-visibility signage along I-95.
- Strong Demographics: Approximately 135,000 residents live within a 3-mile radius, ensuring a steady flow of potential clientele and a thriving consumer base for businesses in the plaza.
- Competitive Market: Market comparisons demonstrate the property's potential for competitive leasing rates and strong returns on investment in the flourishing retail sector.
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Contacts
Adam H. Klein
SVN | Commercial Partners
(561) 282-9296
Location
Getting Around
-
Walk Score ®
Somewhat Walkable (59) -
Transit Score ®
Some Transit (34) -
Bike Score ®
Bikeable (60)
- City Oakland Park, FL
- Neighborhood Prospect Gardens
- Zip Code 33309
- Market Fort Lauderdale
Points of Interest
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Cypress Creek
1.76 miles
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Fort Lauderdale
3.64 miles
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Esplanade Park
3.91 miles
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Fort Lauderdale
3.98 miles
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River House
4.13 miles
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Pompano Beach
6.78 miles
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Fort Lauderdale Airport
7.93 miles
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Deerfield Beach
9.97 miles
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Sheridan Street
9.99 miles
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Mobil
0.64 miles
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Speedway
0.68 miles
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Chevron
0.69 miles
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7-Eleven
0.81 miles
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Shell
0.85 miles
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BP
0.85 miles
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Marathon
0.87 miles
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Mobil
0.90 miles
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Circle K
0.93 miles
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Chevron
1.10 miles
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DRV PNK Stadium Parking Lots
1.33 miles
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USCIS Parking Garage
2.12 miles
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Walmart
3.22 miles
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Sunshine Plaza
3.27 miles
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Parking at Galt Villas
3.37 miles
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CVS
3.51 miles
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Galleria
3.64 miles
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South Ocean Lot
3.68 miles
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Semi Parking
3.95 miles
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Main Office Parking #2
4.31 miles
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Happy House
0.46 miles
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Denny's
0.61 miles
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Wendy's
0.66 miles
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Miami Subs
0.69 miles
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McDonald's
0.71 miles
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Waffle House
0.76 miles
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Best Flavor Tropical
0.83 miles
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McDonald's
0.85 miles
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KFC
0.86 miles
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Major League Heros
0.87 miles
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Sprouts Farmers Market
1.27 miles
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Safeway
1.47 miles
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Banyan Pilot Shop
1.53 miles
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Ross
1.54 miles
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Publix
1.62 miles
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Publix
1.72 miles
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ALDI
2.12 miles
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Winn-dixie
2.22 miles
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Publix
2.31 miles
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Marshalls
2.37 miles
Contact Listing Broker
Adam H. Klein
SVN | Commercial Partners
(561) 282-9296