250 NE 44th St

Description:

Opportunity Zone Mixed-Use Investment | Oakland Park, FL

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+

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Listing ID: A11857338