Listed by RE/MAX 5 Star Realty
$1,980,000
250 NE 44 St • Oakland Park, FL
Details
APN 494222160100
Property Type Mixed Use, Multifamily
Sub Type Apartment Building, Warehouse
Square Footage 3,521
Units 3
Cap Rate 5.84%
NOI $115,548
Occupancy 100%
Tenancy Multi
Lease Type Modified
Price per SqFt $562
Year Built 1971
Buildings 1
Stories 2
Lot Size (SqFt) 11,600
Zoning B-2
Mixed-Use Freestanding Building: 2 Apartments on 2nd FL with Automotive Repair on the Ground FL!
Marketing description
Opportunity Zone Mixed-Use Investment | Oakland Park, FL
Located 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 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 stories
8–14 residential units
Optional 2,500–5,000 SF ground-floor commercial
100% market-rate (no affordability requirement)
Opportunity Zone Investment Highlights
Deferral of eligible capital gains invested into the project
Tax-free appreciation upon sale after a 10-year hold
No affordability covenants or rent restrictions
Flexibility for refinance or exit at Year 10+
Investment highlights
Mixed-Use Freestanding Building
Minutes from I-95 & Major Arterial Highways
100% Occupied with 5.8% In-Place CAP Rate
Grandfathered Auto Use - Rare Entitlement
Perfect for an Investor or Redevelopment!
By-Right Development & Expansion Potential (B-2 Zoning)
2–3 stories
8–14 residential units
Optional 2,500–5,000 SF ground-floor commercial
100% market-rate (no affordability requirement)
Opportunity Zone Investment Highlights
Deferral of eligible capital gains invested into the project
Tax-free appreciation upon sale after a 10-year hold
No affordability covenants or rent restrictions
Flexibility for refinance or exit at Year 10+
Listing Contacts
Listed by RE/MAX 5 Star Realty
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$115,548.00
$9,629.00/mo
Valuation Metrics
0
DSCR
5.84%
Cap Rate
5.84%
ROI
Map
Zoning
B-2 CommercialGeneral CommercialGeneral Business
View municipality zoning documents Upgrade to see the zone description and what's allowed on this property
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View all 203 uses
View all 203 uses Last updated May 25, 2026 For deeper zoning details, reports are available at Zoneomics
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