250 NE 44th St - Auto Repair FOR SALE


Oakland Park, FL 33334
$1,980,000 USD
250 NE 44th St, Oakland Park, FL for Sale
$1,980,000 USD
Auto Repair - FOR SALE
1/32
null | 5.84% Cap Rate

250 NE 44th St
Oakland Park, FL 33334


HIGHLIGHTS

  • Mixed-Use Freestanding Building
  • Minutes from I-95 & Major Arterial Highways
  • 100% Occupied with 5.8% In-Place CAP Rate
  • Grandfathered Auto Use - Rare Entitlement
  • Perfect for an Investor or Redevelopment!

OVERVIEW

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 in 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+

FOR SALE DETAILS

PRICE

$1,980,000 USD

PRICE/SF

$498 USD /SF

CAP RATE

5.84%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Opportunity Zone

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Auto Repair

ADD'L SUBTYPES

Freestanding

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1971

SPRINKLERS

-

PARKING SPACES

17

LAND DETAILS

LAND ACRES

0.4 AC

LAND SF

17,424 SF

ZONING

B-2

APN/PARCEL ID

49-42-22-16-0090,49-42-22-16-0100

ASK ABOUT THIS PROPERTY

John DeMarcoRE/MAX 5 Star RealtyMore Info

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John DeMarcoRE/MAX 5 Star RealtyMore Info

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