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Pending
250 NE 44th ST Oakland Park, FL 33334
3,521 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Mixed Use
Listing Status Pending
Purchase Type For Sale
Square Footage 3,521 sqft
MLS Listing ID A11857338
HOA Y/N No
Year Built 1971
Annual Tax Amount $19,732
Lot Size 0.270 Acres
Acres 0.27
Property Sub-Type Mixed Use
Property Description
Opportunity Zone Mixed-Use Investment | Oakland Park, FLLocated 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 stories8–14 residential unitsOptional 2,500–5,000 SF ground-floor commercial100% market-rate (no affordability requirement)Opportunity Zone Investment HighlightsDeferral of eligible capital gains invested into the projectTax-free appreciation upon sale after a 10-year holdNo affordability covenants or rent restrictionsFlexibility for refinance or exit at Year 10+
Location
State FL
County Broward
Area 3450
Region Oakland Park
City Region Oakland Park
Interior
Fireplace No
Building
Dwelling Type Industrial
Others
Pets Allowed No
Tax ID 494222160100
Virtual Tour https://www.propertypanorama.com/instaview/mia/A11857338
Listed by John DeMarco RE/MAX 5 Star Realty
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