3501-3503 N Dixie Hwy
Native Realty is excited to present an opportunity to own a multi tenant Retail/Office building in the quickly growing Downtown Oakland Park submarket. Suite 3501 is currently leased through July, 2021, and Suite 3503 is currently owner occupied, with the owner willing to lease back for three months following the sale. The opportunities here are endless, with the opportunity to generate a 7%+ cap rate in 2021 by signing a new lease at market rate, or a new owner can occupy with his or her own business, taking advantage of the growing interest in the area, and unparalleled visibility on North Dixie Hwy.
The property is centrally located in Downtown Oakland Park and is minutes from Wilton Manors and Downtown Fort Lauderdale. Downtown Oakland Park is quickly becoming a hot spot for new bars, restaurants, and retailers in what has been dubbed the Culinary Arts District.
Address: 3501-3503 N Dixie Hwy Oakland Park, FL 33334
Building: 2,219 SF ($225/ft)
Land: 5,691 SF ($88/ft)
Zoning: Park Place
Gross Income: $25,200/year