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1995 Professional Building 1995 E Oakland Park Blvd

20,987 SF 100% Leased Office Building Fort Lauderdale, FL 33306 $5,900,000 ($281/SF) 5.08% Cap Rate

Executive Summary

Situated at 1995 E Oakland Park Blvd, Oakland Park, FL 33306, this office building holds tremendous potential for an impressive redevelopment project. With a maximum building height of 100 feet, the site offers ample space for transformation. The proposed redevelopment envisions a nine-story residential building, encompassing eight residential floors and ground-floor retail spaces along the facade, including a welcoming reception area.
The residential building, covering a total area of 9,600 square feet per floor (excluding extensions), aims to accommodate 67+ apartments for rent(Live Local act can add more density). This apartment count takes into account necessary adjustments, considering that 75% of the available spaces are allocated within the structural parking framework, as outlined in Section 24-56 of the Mixed Use Land Development regulations.
The apartments themselves boast a spacious layout, with an average size of 1,000 square feet each. This ensures comfortable living spaces for future residents. Additionally, there are plans to incorporate some retail spaces throughout the development, adding convenience and diversity to the overall offering.
To cater to the parking needs, a four-level attached parking facility is proposed at the back of the building. This parking structure will provide approximately 7,100 square feet per floor space, ensuring convenient and accessible parking options for residents and visitors.
In summary, the redevelopment potential of this office building at 1995 E Oakland Park Blvd holds significant promise. Through thoughtful planning and design, it has the capacity to evolve into an attractive residential complex with retail amenities, providing a desirable living experience within the vibrant Oakland Park community.

Financial Summary (Actual - 2023) Click Here to Access

Annual Annual Per SF
Gross Rental Income - -
Other Income - -
Vacancy Loss - -
Effective Gross Income - -
Net Operating Income $99,999 $9.99

Financial Summary (Actual - 2023) Click Here to Access

Gross Rental Income
Annual -
Annual Per SF -
Other Income
Annual -
Annual Per SF -
Vacancy Loss
Annual -
Annual Per SF -
Effective Gross Income
Annual -
Annual Per SF -
Net Operating Income
Annual $99,999
Annual Per SF $9.99

Property Facts

Sale Type
Investment or Owner User
Sale Conditions
1031 Exchange
Property Type
Office
Property Subtype
Loft/Creative Space
Building Size
20,987 SF
Building Class
B
Year Built/Renovated
1974/1998
Price
$5,900,000
Price Per SF
$281
Cap Rate
5.08%
NOI
$300,000
Percent Leased
100%
Tenancy
Multiple
Building Height
3 Stories
Typical Floor Size
6,996 SF
Slab To Slab
10’
Building FAR
0.63
Lot Size
0.77 AC
Zoning
C-1 - B-1: Community Business District
Parking
73 Spaces (3.48 Spaces per 1,000 SF Leased)

Amenities

  • Bus Line
  • Signage
  • Air Conditioning
Walk Score ®
Very Walkable (82)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
49-42-24-05-0011
Land Assessment
$611,050 (2024)
Improvements Assessment
$2,227,910 (2024)
Total Assessment
$2,838,960 (2024)
  • Listing ID: 29205375

  • Date on Market: 8/7/2023

  • Last Updated:

  • Address: 1995 E Oakland Park Blvd, Fort Lauderdale, FL 33306

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