3438 NE 5th Ave $6,790,000

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    3438 NE 5th Ave Oakland Park, FL 33334

    • 1.72 Acres
    • Commercial
    MLS# A10612048 | Active

    $6,790,000

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    Days On Market: 10 5 Views
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    Property Details

    John DeMarco with Re/Max 5 Star Realty is pleased to present the sale of a 44,672 sf warehouse complex located in Oakland Park Florida. The subject offering includes four parcels, 3438 NE 5th Ave, 516 NE 34th CT, 3742 NE 5th AVE, and 519 NE 34th ST. The total leasable square footage is 44,672 feet sitting on a large 1.72-acre lot. The entire property was recently vacated and presents an excellent opportunity for an owner user, or investor. The subject property can be easily leased to multiple tenants after closing creating an excellent investment opportunity. There are 17 total bays. When leased and stabilized this property will net $622,200.00 per year yielding a strong 9.16% capitalization rate.

    • General Features
      • Year Built 1960
      • County Or Parish Broward County
      • REO 0
      • Short Sale 0
    • Building Features
      • Parking Description Common Parking, Street Parking
      • Number of Parking Spaces 10
      • Interior Ceiling Height 15.0000
      • Door Height Door Ht 12'+
      • Electric Service 0-100 Amps
      • Style of Property Industrial
    • Property Features
      • Acreage Description 1+ To 2 Acres
      • Approximate Lot Size 12378
      • Waterfront Property 0
      • Lot Sq Footage 12378
      • Total Acreage 1.72

    Contact

    Nicholas Saavedra

    Commercial and Residential Associate

    RE/MAX 5 Star Realty-Commercial Division

    Mobile Phone: 954-651-1589

    Neighborhood

    33334 (Oakland Park) Demographics

    42Median Age
    6,331Population Density (per sq. mile)
    35%College Educated
    $47,638Estimated Median Income
    6,476Estimated Total Home Owners
    6,122Estimated Total Renters
    51% / 49%Estimated Owner / Renter Divide
    2Estimated Average Household Size
    30,307Total Population

    Market Last 30 Days

    $246,500 Median Sales Price
    12 Homes Sold
    78 New On Market

    Average Days on Market

      Properties for Sale

        Property History

        Date Event Price Percent Change
        -- Current Price Source New Value: $6,790,000
        2/5/2019 12:41:00 PM New in Database Source

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