3547-3553-3555 N Dixie Hwy Retail FOR SALE


Oakland Park, FL
$2,175,000 USD
954-850-4774
, Oakland Park, FL for Sale
$2,175,000 USD
Retail - FOR SALE
1/31
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3547-3553-3555 N Dixie Hwy
Oakland Park, FL


HIGHLIGHTS

  • Unique 3 building portfolio in the heart of Downtown - Opportunity Zone
  • 3 Retail/Bar/Restaurant buildings - 4,114 Total SF with over 3,700 sf of outdoor seating/entertainment area
  • 2 blocks from the new Sky and Horizon projects which have over 500 apartments, 30,000 sf of retail and 600 parking spaces
  • 10,000 sf total lot size, zoning allows up to 5 stories
  • $35k in grant funding is available from the City for renovations
  • Future Brightline station coming to Downtown Oakland Park

OVERVIEW

Three commercial buildings in the heart of Downtown Oakland Park. 3547 N Dixie Hwy - 2,053 sf shell/storage space with a private driveway and 2,000 sf courtyard. 3553 N Dixie Hwy - 1,061 sf bar/retail with 1,250 sf of outdoor seating. 3555 N Dixie Hwy - 1,100 sf restaurant/bar with 450 sf of outdoor seating. 3553 and 3555 were fully renovated in 2021, are currently NNN leased, and net $85k per year. All three buildings total 4,114 interior sf and have over 3,700 sf of outdoor seating/entertainment area. 3547 requires renovation in order to obtain an occupancy permit (Seller has obtained City approval for a new shell - drawings attached - but Purchaser does not have to adhere to Seller's approved design and can resubmit and create their own unique vision - a grant of up to $35k is available from the City to improve the building). There is the potential for an owner-user or investor to renovate and operate 3547, or lease it, while receiving substantial cash flow from the existing tenants. The NOI for 3547, if leased after renovations, could exceed $100k+/yr. The possibilities are endless for this unique portfolio. Each building has private access to the public parking lot behind the buildings. The properties are located in an Opportunity Zone and are within 2 blocks of the new Sky and Horizon projects which will have a combined 500 apartment units, 30,000 sf of retail space, and over 600 parking spaces. Zoning is "Downtown Core" (anything from restaurant/bar/retail/office, etc), and future development allows up to 5 stories. See attachments for more detailed information about each building. Do not disturb tenants. By appointment only. No Seller financing.

ASK ABOUT THIS PROPERTY

Dean Sirulnik3547 LLCMore Info
954-850-4774

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Dean Sirulnik3547 LLCMore Info
954-850-4774

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