954-684-2686
3492 NE 12th Ave, Oakland Park, FL for Sale
Restaurant - FOR SALE
1/16
null | Request Cap Rate

3492 NE 12th Ave
Oakland Park, FL 33334


HIGHLIGHTS

  • Located in "Culinary Art District of Oakland Park's CRA"
  • 275' Frontage
  • Impact Windows
  • Abundance of Free City Parking
  • Labeled as "The Brooklyn of Broward" by SunSentinel

OVERVIEW

Positioned in the heart of Oakland Park’s vibrant Culinary Arts District, the retail center at 3482–3498 NE 12th Avenue presents a rare off-market value-add opportunity in Fort Lauderdale. Spanning 19,470 square feet and fully leased, the property generates a net operating income of $414,910, with upside potential. Future growth is supported by nearby developments including the under-construction Sky Building (City Hall relocation, 136 apartments, 14,000 SF retail) and Horizon of Oakland Park (311 apartments, 20,700 SF commercial). With strong demographics average household income exceeding $130,000 within 3 miles and over 14,000 businesses in the area the property is well-positioned for long-term appreciation and tenant demand. Sun-Sentinel refers to this area as the "Brooklyn of Broward" With all the growth and planned retail, this is an ideal opportunity for a covered land play. Value Add - Brewery lease is up for renewal in 2026 (currently under a covid rate)

FOR SALE DETAILS

PRICE

Request Info for Price

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Restaurant

ADD'L SUBTYPES

Bar, Storefront, Storefront Retail/Office

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2016

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.51 AC

LAND SF

22,216 SF

ZONING

B-1

APN/PARCEL ID

49-42-23-03-0490,49-42-23-03-0530,49-42-23-03-0540

ASK ABOUT THIS PROPERTY

Clinton CaseyThe Rotella Group, Inc.More Info
954-684-2686

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Clinton CaseyThe Rotella Group, Inc.More Info
954-684-2686

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