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3939 N Powerline Rd - 3939 Powerline Road, Oakland Park, FL 1.13 Acres of Commercial Land Offered at $1,190,000 in Fort Lauderdale, FL 33309
Investment Highlights
- MOTIVATED SELLER| QUICK CLOSING
- The project offers 140 parking spaces
- There would be a total of 84 units (33 at affordable housing rate, 51 at market rate), and 50% of the first floor would be commercial usage
- Healthcare facilities located within a 10-mile radius
Executive Summary
MOTIVATED SELLER| QUICK CLOSING! This 1.135 acre land/development site is available for sale! Recently plans were redesigned for the Live Local Act designation, this project would consist of approximately a 65,000 +/- SQFT building area. Specifically, there would be a total of 84 units (33 at affordable housing rate, 51 at market rate), and 50% of the first floor would be commercial usage. The project offers 140 parking spaces (14 at surface level and 126 with state-of-the-art automated vehicle storage system). The total project cost including the listed price acquisition of the land, is estimated to range between $13.5 million and $14.5 million, depending on the final scope while the final estimated value at exit ranges around $21 million with a holding period of 3-5 years. 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.
Property Facts
1 Lot Available
Lot
| Price | $1,190,000 | Lot Size | 1.13 AC |
| Price Per AC | $1,053,097.35 |
| Price | $1,190,000 |
| Price Per AC | $1,053,097.35 |
| Lot Size | 1.13 AC |
MOTIVATED SELLER|QUICK CLOSING: 1.135 acre land/development site! Plans designed for Live Local Act & consist of approx. 65,000 +/- SQFT building area, including 84 units (33 at affordable housing, 51 at market), & 50% 1st floor commercial
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Property Taxes
| Parcel Numbers | Improvements Assessment | $0 | |
| Land Assessment | $0 | Total Assessment | $882,600 |
Property Taxes
Parcel Numbers
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$882,600
Contacts
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Joe Pelayo -
George Pelayo -
Lloret De Mar Pelayo -
Total Real Estate Consultants Inc
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3939 N Powerline Rd - 3939 Powerline Road, Oakland Park, FL
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