Opportunity Zone Mixed-Use Investment Oakland Park, FLLocated 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… Read More 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 stories8–14 residential unitsOptional 2,500–5,000 SF ground-floor commercial100% market-rate (no affordability requirement)Opportunity Zone Investment HighlightsDeferral of eligible capital gains invested into the projectTax-free appreciation upon sale after a 10-year holdNo affordability covenants or rent restrictionsFlexibility for refinance or exit at Year 10+ Read Less
Courtesy of RE/MAX 5 Star Realty, John DeMarco, 954-361-0000.
Listing Snapshot
Days Online
124
Last Updated
Property Type
Mixed Use
Square Ft.
3,521
Lot Size
0.27 Acres
Year Built
1971
MLS Number
A11857338
30 Days Snapshot Of 33334
$358k
0%
(avg) sold price
0
-100%
homes sold
161
0%
(avg) days on market
Snapshot
Area Map
Additional Details
Building
Built in 1971, Toal building area: 3521
Lot
0.27 acres
Property
Zoning: B-2
Taxes
Annual amount: $19,732
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