Oakland Park, FL 33334,3472 NE 5th Ave
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Oakland Park, FL 33334,3472 NE 5th Ave
Oakland Park, FL 33334,3472 NE 5th Ave
Oakland Park, FL 33334,3472 NE 5th Ave
Oakland Park, FL 33334,3472 NE 5th Ave

$2,501,189

Est. payment /mo

$2,799,000

10.6%
Est.Price: ?

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3472 NE 5th Ave Oakland Park, FL 33334

21,385 SqFt

SOLD DATE : 12/22/2020

Key Details

Sold Price $2,501,189

Property Type Commercial

Sub Type Industrial

Listing Status Sold

Purchase Type For Sale

Square Footage 21,385 sqft

Price per Sqft $116

MLS Listing ID A10612637

Sold Date 12/22/20

HOA Y/N No

Year Built 1961

Annual Tax Amount $30,103

Tax Year 2018

Contingent Pending Inspections

Lot Size 0.800 Acres

Property Description

The total leasable square footage is 21,385 feet sitting on a large 34,852 square feet lot. The entire property was recently vacated and presents an excellent opportunity for an owner-user or investor. The subject property can be easily leased to multiple tenants after closing creating an excellent investment opportunity. There are 10 total bays. Included in this offering are recent lease comparables confirming the average leasing rates average $14 a square foot net. When leased and stabilized this property will net $296,136 per year yielding a strong 10.58% capitalization rate. Property is zoned I1 light industrial. This property is being offered at only $130 an sqft which is well below recent sales.

Location

State FL

County Broward County

Area 3450

Direction Follow I-95 N to FL-816 E/W Oakland Park Blvd in Oakland Park. Take exit 31A from I-95 N. Use any lane to turn right onto FL-816 E/W Oakland Park Blvd. Turn left onto NE 5th Ave- the property will be on the right side.

Exterior

Total Parking Spaces 10

Others

Tax ID 494223055160

Financing Conventional

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Listed by RE/MAX 5 Star Realty
Bought with Level Realty Partners, LLC
agent

Karina Marx

Broker Associate | License ID: IA.100089820

+1(786) 999-4504

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