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3939 N Powerline Rd - 3939 Powerline Road, Oakland Park, FL

1.13 Acres of Commercial Land Offered at $830,000 in Fort Lauderdale, FL 33309

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Investment Highlights

MOTIVATED SELLER

QUICK SALE

Executive Summary

MOTIVATED SELLER! QUICK SALE! This land/development site is available for sale and/or joint venture. Currently planned as a class “A” commercial / residential development on 1.13 acre (approx.. 49,467 +/- SQFT). Major employers located within the area include BB&T, Lowe's, Regions Bank, Walgreens, Citrix, Microsoft, Holy Cross Hospital, Broward Health Medical Center, and more.

TREC_3939 Powerline Rd_LAND FOR SALE_11-07-2023_PN_Web

Property Facts

Price	$830,000	Property Subtype	Commercial
Sale Type	Investment or Owner User	Proposed Use	Commercial Mixed Use
No. Lots	1	Total Lot Size	1.13 AC
Property Type	Land

Price	$830,000
Sale Type	Investment or Owner User
No. Lots	1
Property Type	Land
Property Subtype	Commercial
Proposed Use	Commercial Mixed Use
Total Lot Size	1.13 AC

1 Lot Available

Lot

Price	$830,000	Lot Size	1.13 AC
Price Per AC	$734,513

Price	$830,000
Price Per AC	$734,513
Lot Size	1.13 AC

Description

MOTIVATED SELLER! QUICK SALE! This land/development site (26 residential units plus commercial first floor as office/retail) is available for sale and/or as a joint venture. Currently, planned as a class "A" commercial / residential development on 1.13 acre (approx. 49,467 SQFT). The Sweet Acacia project would consist of five stories and approximately 42,956 square feet of building area including a first floor lobby and retail space. The project offers 106 parking spaces, 76% of which would be structured parking providing a unique, state-of-the-art automated vehicle storage system with EV charging stations. Investment/joint venture information includes: 3-5 year hold period, 9% pref return (classA1, A2), 22% and target IRR. Major employers located within the area include BB&T, Lowe's, Regions Bank, Walgreens, Citrix, Microsoft, and more. Healthcare facilities located within a 10 mile radius include Holy Cross Hospital, Broward Health Medical Center, Broward Health Imperial Point, and more.

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