REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
$ 1,980,000
Est. payment | /mo
3,521 SqFt
$ 1,980,000
Est. payment | /mo
3,521 SqFt
Key Details
Property Type Commercial
Sub Type Mixed Use
Listing Status Active
Purchase Type For Sale
Square Footage 3,521 sqft
Price per Sqft $562
MLS Listing ID A11857338
HOA Y/N No
Year Built 1971
Annual Tax Amount $19,732
Lot Size 0.266 Acres
Property Sub-Type Mixed Use
Property Description
Opportunity Zone Mixed-Use Investment | Oakland Park, FL
Located within a designated Opportunity Zone, this two-story, 3,975 SF freestanding mixed-use building sits on a ±17,400 SF site in the heart of Oakland Park. The property features 1,680 SF of ground-floor commercial space, two residential units on the second floor, and a ±635 SF detached garage. With approximately 145 feet of high-visibility frontage along Prospect Road and immediate proximity to I-95, the asset benefits from excellent exposure, access, and tenant demand drivers.
Zoned B-2 (General Business), the property supports a broad range of commercial and mixed-use configurations. Notably, the site benefits from a grandfathered auto-related entitlement, providing a rare operational advantage that enhances current income stability and optionality. The existing improvements offer in-place cash flow, while the oversized land area and zoning allow for meaningful value-add or redevelopment upside.
By-Right Development & Expansion Potential (B-2 Zoning)
2–3 stories
8–14 residential units
Optional 2,500–5,000 SF ground-floor commercial
100% market-rate (no affordability requirement)
Opportunity Zone Investment Highlights
Deferral of eligible capital gains invested into the project
Tax-free appreciation upon sale after a 10-year hold
No affordability covenants or rent restrictions
Flexibility for refinance or exit at Year 10+
Located within a designated Opportunity Zone, this two-story, 3,975 SF freestanding mixed-use building sits on a ±17,400 SF site in the heart of Oakland Park. The property features 1,680 SF of ground-floor commercial space, two residential units on the second floor, and a ±635 SF detached garage. With approximately 145 feet of high-visibility frontage along Prospect Road and immediate proximity to I-95, the asset benefits from excellent exposure, access, and tenant demand drivers.
Zoned B-2 (General Business), the property supports a broad range of commercial and mixed-use configurations. Notably, the site benefits from a grandfathered auto-related entitlement, providing a rare operational advantage that enhances current income stability and optionality. The existing improvements offer in-place cash flow, while the oversized land area and zoning allow for meaningful value-add or redevelopment upside.
By-Right Development & Expansion Potential (B-2 Zoning)
2–3 stories
8–14 residential units
Optional 2,500–5,000 SF ground-floor commercial
100% market-rate (no affordability requirement)
Opportunity Zone Investment Highlights
Deferral of eligible capital gains invested into the project
Tax-free appreciation upon sale after a 10-year hold
No affordability covenants or rent restrictions
Flexibility for refinance or exit at Year 10+
Location
State FL
County Broward
Area 3450
Exterior
Private Pool Yes
Others
Tax ID 494222160100
Virtual Tour https://www.propertypanorama.com/instaview/mia/A11857338
Listed by RE/MAX 5 Star Realty
Nearby Locations
GET MORE INFORMATION
We respect your privacy! Your information WiLL NOT BESHARED,SOLD, or REMTED to anyone, for any reasonoutside the course of normalreal ostate exchange,Bysubmitting, you agree to our Terms of Use and PrlvacyPolicy.