UPDATED:
Key Details
Property Type Commercial
Sub Type Mixed Use
Listing Status Active
Purchase Type For Sale
Square Footage 3,521 sqft
Price per Sqft $562
MLS Listing ID A11857338
HOA Y/N No
Year Built 1971
Annual Tax Amount $19,732
Lot Size 0.266 Acres
Property Sub-Type Mixed Use
Property Description
Located 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 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 into 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+
Location
State FL
County Broward
Area 3450
Exterior
Private Pool Yes
Others
Tax ID 494222160100
Virtual Tour https://www.propertypanorama.com/instaview/mia/A11857338
NEARBY SCHOOL & BUSINESS
- 10
Bayview Elementary School
Public | KG - 5
- 8
Floranada Elementary School
Public | KG - 5
- 7
Sunland Park Academy
Public | PK - 3
- 7
McNab Elementary School
Public | KG - 5
- 6
North Andrews Gardens Elementary School
Public | KG - 5
- 5
North Side Elementary School
Public | PK - 5
- 5
Bennett Elementary School
Public | PK - 5
- 5
Wilton Manors Elementary School
Public | PK - 5
- 5
Somerset Village Academy
Public | KG - 5
- 5
Oriole Elementary School
Public | PK - 5
- 5
Cypress Elementary School
Public | PK - 5
- 4
Rock Island Elementary School
Public | PK - 5
- 4
Lloyd Estates Elementary School
Public | PK - 5
- 3
Dillard Elementary School
Public | PK - 5
- 3
Oakland Park Elementary School
Public | PK - 5
- 1
Marshall Thurgood Elementary School
Public | PK - 5
- 0
Mount Olivet Seventh-Day Adventist School
Private | PK - 8
- 0
School of Excellence
Private | PK - 8
- 0
Edith Robinson Christian Academy
Private | KG - 12
- 0
Holy Temple Christian Academy
Private | PK - 12
- 6
Somerset Academy Village Charter Middle School
Public | 6 - 8
- 4
Dillard 6-12 School
Public | 6 - 12
- 4
Sunrise Middle School
Public | 6 - 8
- 3
William Dandy Middle School
Public | 6 - 8
- 3
Lauderdale Lakes Middle School
Public | 6 - 8
- 3
James S. Rickards Middle School
Public | 6 - 8
- 0
Ivy Academy Middle School
Public | 6 - 8
- 0
Pace Center for Girls, Inc.
Public | 6 - 12
- 6
Fort Lauderdale High School
Public | 9 - 12
- 1
Boyd H. Anderson High School
Public | 9 - 12
- 1
Northeast High School
Public | 9 - 12
- 0
Mavericks High of Central Broward County
Public | 9 - 12
- 0
Ivy Academy High School
Public | 9 - 12
- 0
Suned High School
Public | 9 - 12
- 0
Cardinal Gibbons High School
Private | 9 - 12
- 0
Postsecondary Alternatives for Secondary Students-
Public | 9 - 12
- 0
New Generation Preparatory High School of Performi
Public | 9 - 12
GET MORE INFORMATION