5299 12Th AveOakland Park, FL 33334

Property Details for 5299 12Th Ave

Year built

1973

Lot size

0.67 AC

Zone code

B-3

Property type

Retail properties

Property subtype

Parking lots & garages

APN

49-42-14-20-0100

APU

494214200100

Description

This exceptional 29,175-square-foot flex space, situated on a 0.67-acre lot in Oakland Park, Florida, presents a compelling investment opportunity. The property boasts a prime location in Broward County, enjoying high visibility with 56,000 vehicles passing daily on Commercial Boulevard. Zoned B-3 (Commercial-Industrial), this single-tenant property offers immediate occupancy. The fenced lot includes two secure ingress/egress gates, and electricity and lighting are already installed. Permitted uses include industrial outdoor storage, vehicle storage, and parking. Its strategic location provides convenient access to major transportation arteries: Federal Highway (1 mile), I-95 (1.25 miles), and the Florida Turnpike (4.8 miles). Lease price is available upon request. This property is ideal for businesses seeking a versatile and well-located industrial space with immediate availability. The property's features and location combine to create a strong value proposition for discerning investors. Contact us today to learn more about this exceptional opportunity.

• CAP approach

  CAP return

  Valuation

  6%

  $12,750,524

  6.5%

  $11,769,714

  7%

  $10,929,020

• Comparable approach

  Method

  Valuation

  Relative Method

  $21,719,574

  Geo Method

  $21,719,574

• Alternative Use

  Use

  Valuation

  Residential

  $9,928,194

  Hospitality

  $9,094,172

  Educational

  $7,566,244

  Medical

  $7,826,460

  Retail

  $11,769,714

Location Insight

City

Oakland Park

County

Broward

State

Florida

Latitude

26.1923

Longitude

-80.1316

CBSA code

33100

CBSA name

MIAMI-FORT LAUDERDALE-MIAMI BEACH, FL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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