312-322 NE 38th Street

Highlights:

• Lot Features: 1/4 To Less Than 1/2 Acre Lot, Less Than 1 Acre
• Bathrooms Total: 0
• Documents Available: Copies Of Lease(S)
• Cooling: Central Individual A/C, Central Air
• Heating: Central Individual A/C
• Electric: Separate Meters
• Construction Materials: CBS Construction
• Parking Features: Free Parking
• Security Features: No Fire Protection, No Security, TV Camera, TV Monitor

Description:

Value-add retail strip center located in the heart of Oakland Park's rapidly growing NE 38th Street corridor. 5,562 SF building with 6 tenants including a restaurant, laundromat, retail stores, and tax office. Current rents are significantly below market, offering approximately $44,000/year in upside potential. Recent capital improvements totaling $191,000 include a full roof replacement, new electrical, and new plumbing. Two units are month-to-month providing immediate flexibility for a new owner. Property sits within Oakland Park's Downtown Redevelopment Area — one of Broward County's most active urban growth corridors. All measurements approximate; buyer to verify.

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Listing ID: B26025801