2450-2556 W Oakland Park Blvd - Storefront FOR SALE


Oakland Park, FL 33311
$6,549,000 USD
781-367-1454
2450-2556 W Oakland Park Blvd, Oakland Park, FL for Sale
$6,549,000 USD
Storefront - FOR SALE
1/19
null | 6.15% Cap Rate

2450-2556 W Oakland Park Blvd
Oakland Park, FL 33311


HIGHLIGHTS

  • 56,500 Average Cars per Day
  • 265 feet of frontage to Oakland Park Blvd
  • Value add on 17,000 SF
  • Rehabbed facade in 2022

OVERVIEW

Current Capital as exclusive advisor, is pleased to offer the opportunity to acquire Los Arcos Retail Center. This neighborhood retail center spans across 1.66 acres and boasts approximately 266 feet of frontage to Oakland Park Blvd in Broward County, Florida. Constructed in 1984 and largely rehabbed in 2022, the property consists of approximately 24,200 square feet of rentable space, centrally located within the Broward County submarket of Oakland Park. Presently 100 percent occupied with a diverse mix of local businesses from a variety of industries, providing a one-stop shop for the many residents of Oakland Park. Approximately 17,000 SQFT of the property is leased below market and presents an excellent value add opportunity. 17,000 SQFT represents 70% of the leasable area within the plaza. Base rents are approximately 10% up to 40% below market in certain spaces. Los Arcos is strategically located 1.5 miles away from I-95 and 2.5 miles from the. Florida Turnpike. With approximately 478,000 residents within a 5- mile radius of the center, this strategic location makes this property one of the primary retail centers in Oakland Park. Just minutes from Downtown Fort Lauderdale and Fort Lauderdale-Hollywood International Airport, Oakland Park provides unmatched regional access via I-95, Oakland Park Boulevard, and US-1—major thoroughfares connecting to all of South Florida. With a pro-business climate, rising population density, and ongoing infrastructure investment, Oakland Park is experiencing strong momentum in both residential and commercial development. The city is actively pursuing revitalization initiatives, including mixed-use corridors and walkable town centers, further enhancing its appeal as a live-work- play destination.

FOR SALE DETAILS

PRICE

$6,549,000 USD

PRICE/SF

$262 USD /SF

CAP RATE

6.15%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Los Arcos

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1974

SPRINKLERS

-

PARKING SPACES

90

LAND DETAILS

LAND ACRES

1.66 AC

LAND SF

72,310 SF

ZONING

B-1

APN/PARCEL ID

49-42-29-02-0990

ASK ABOUT THIS PROPERTY

Caio MartinCurrent Capital Real Estate GroupMore Info
781-367-1454

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Caio MartinCurrent Capital Real Estate GroupMore Info
781-367-1454

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.