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3492 NE 12th Ave 19,470 SF 100% Leased Retail Building Oakland Park, FL 33334 For Sale
INVESTMENT HIGHLIGHTS
- Located in "Culinary Art District of Oakland Park's CRA"
- Impact Windows
- Labeled as "The Brooklyn of Broward" by SunSentinel
- 275' Frontage
- Abundance of Free City Parking
EXECUTIVE SUMMARY
Positioned in the heart of Oakland Park’s vibrant Culinary Arts District, the retail center at 3482–3498 NE 12th Avenue presents a rare off-market value-add opportunity in Fort Lauderdale. Spanning 19,470 square feet and fully leased, the property generates a net operating income of $414,910, with upside potential. Future growth is supported by nearby developments including the under-construction Sky Building (City Hall relocation, 136 apartments, 14,000 SF retail) and Horizon of Oakland Park (311 apartments, 20,700 SF commercial). With strong demographics average household income exceeding $130,000 within 3 miles and over 14,000 businesses in the area the property is well-positioned for long-term appreciation and tenant demand.
Sun-Sentinel refers to this area as the "Brooklyn of Broward"
With all the growth and planned retail, this is an ideal opportunity for a covered land play.
Value Add - Brewery lease is up for renewal in 2026 (currently under a covid rate)
Sun-Sentinel refers to this area as the "Brooklyn of Broward"
With all the growth and planned retail, this is an ideal opportunity for a covered land play.
Value Add - Brewery lease is up for renewal in 2026 (currently under a covid rate)
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
19,470 SF
Building Class
B
Year Built/Renovated
2016/2022
NOI
$414,910
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.88
Lot Size
0.51 AC
Zoning
B-1 - BOULEVARD BUSINESS. Located in the Culinary Arts District
Frontage
275’ on NE 12th Ave
AMENITIES
- 24 Hour Access
- Corner Lot
- Restaurant
- Signage
- Tenant Controlled HVAC
- Air Conditioning
Walk Score®
Very Walkable (88)
Bike Score®
Very Bikeable (75)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $2,249,640 | |
| Land Assessment | $241,790 | Total Assessment | $2,491,430 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$241,790
Improvements Assessment
$2,249,640
Total Assessment
$2,491,430
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3492 NE 12th Ave
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