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33461678
33461679

3939 Powerline Road, Oakland Park, FL 33309

RM
FL SL3526781
Open Market CRE LLC
SP
FL BK3053136
Open Market CRE LLC
Listed by Open Market CRE LLC
$1,999,900
4 days on market
Updated 3 days ago

Oakland Park Development Opportunity

Details
APN 494221380010
Property Type Land
Sub Type Residential, Commercial
Square Footage 49,823
Tenancy Vacant
Price per SqFt $40
Price Per Acre $1,754,298
Class A
Acreage 1.140
Zoning PRZD-Powerline Road Zoning District
Investment Type Redevelopment
Ownership Fee Simple

Oakland Park Development Opportunity

Marketing description

Click Here For Offering Memorandum Access

Property Description

The Oakland Park Development Opportunity represents a 1.135-acre vacant site located on the highly visible North Powerline Road corridor in Oakland Park, Broward County. Nestled within a rapidly growing urban landscape, this prime development site offers substantial frontage along a major north-south arterial roadway. The property's Future Land Use designation is Commercial, providing a robust foundation for a variety of investment and construction avenues. Its centralized location in the Fort Lauderdale metropolitan area ensures excellent connectivity to major highways like I-95, facilitating easy access for commuters, residents, and consumers. As one of the few remaining sizable vacant parcels in the immediate vicinity, it holds immense potential for investors seeking a strategically positioned footprint in a bustling South Florida market.

The vacant parcels are governed by the Powerline Road Zoning District (PRZD), a specialized mixed-use designation created by the City of Oakland Park to catalyze redevelopment. The PRZD is uniquely designed to provide greater flexibility than traditional commercial zoning, encouraging a vertical mix of uses. Developers can integrate active retail, entertainment, and commercial offices on the ground level with multifamily residential units on the upper floors. By permitting a base residential density that can be increased through specific development incentives, the PRZD allows investors to maximize the site's potential. This zoning structure specifically aims to create pedestrian-friendly plazas, outdoor dining, and aesthetically pleasing architectural facades, making it highly conducive to modern, integrated urban development projects.

Development viability for this site is exceptionally strong, driven by favorable zoning and state-level incentives. Current market analyses for this corridor highlight its suitability for comprehensive mixed-use projects leveraging the Florida Live Local Act. Preliminary concepts for the site demonstrate the capacity to construct a substantial mid-rise building, accommodating upwards of 80 residential units alongside significant ground-floor commercial space. The inclusion of affordable housing units under the Live Local Act can yield substantial tax exemptions and density bonuses, elevating the projected investment returns. The lot size also accommodates innovative infrastructure, including structured parking facilities or automated vehicle storage systems, allowing developers to maximize the usable buildable footprint.

Visibility and accessibility are critical to the success of any commercial or mixed-use development. Powerline Road is a major commuting artery, consistently recording Average Annual Daily Traffic (AADT) counts exceeding 25,000 vehicles. This heavy, consistent vehicular flow guarantees moderate exposure for future ground-floor retail and commercial tenants. The corridor captures a diverse demographic of local residents, regional commuters, and commercial traffic, creating a steady stream of potential customers. The moderate traffic volume, combined with the property's prominent street frontage and easy access to major east-west thoroughfares, ensures that commercial enterprises will benefit from strong organic visibility and sustained footfall from the residential units above.

The surrounding economic and civic infrastructure further cements this parcel's developmental appeal. The site is situated near premier healthcare facilities, such as Holy Cross Hospital and Broward Health, which draw a robust and steady professional workforce to the area. Additionally, proximity to major corporate employers and regional retail centers ensures sustained demand for both modern housing and commercial services. The City of Oakland Park has been actively investing in streetscape enhancements and municipal improvements to support the PRZD, signaling strong local government backing for area revitalization. Immediate access to nearby lifestyle amenities, parks, and dining makes this property an ideal candidate for a transformative project that caters to the modern South Florida resident and local business community.

Location Description

Oakland Park is rapidly emerging as one of Broward County’s most dynamic commercial real estate markets. Strategically located between Fort Lauderdale and Pompano Beach, the city is undergoing a significant transformation ahead of its 2029 centennial. Driven by a proactive local government and an aggressive Community Redevelopment Agency (CRA), Oakland Park is shedding its traditional suburban industrial identity in favor of becoming a vibrant, mixed-use destination. For developers and investors, the city offers a compelling blend of adaptive reuse opportunities, high-density zoning overlays, and municipal incentives designed to maximize return on investment.

A focal point for this revitalization is the Powerline Road Zoning District (PRZD), a specialized classification engineered to transform an aging, auto-centric corridor into a modern, walkable urban environment. The PRZD acts as a powerful tool for developers to bypass the limitations

of older commercial zoning by mandating vertical mixed-use projects. To drive foot traffic and street-level engagement, the zoning heavily favors pedestrian-friendly design, requiring the first floor to be dedicated to active commercial, retail, or restaurant spaces, while permitting multi-family residential units, live-work spaces, or offices on the upper floors.

Geographically anchoring the corridor from West Oakland Park Boulevard north to NW 35th Street, the PRZD features strategic development parameters that dictate density and design. Notably, height restrictions vary by location: the west side of Powerline Road allows for greater verticality up

to 60 feet (five stories), making it ideal for developers looking to maximize residential unit counts, while the east side is capped at 35 feet (three stories), which is better suited for boutique retail and lower-density blends. The district establishes a maximum floor area ratio (FAR) of 2.5 for commercial uses and requires thoughtful architectural integration, such as masked structured parking and 15-foot landscape buffers to protect adjacent single-family neighborhoods.

Beyond the PRZD, the city offers highly lucrative opportunities within its Downtown Core and the Culinary Arts District. The Oakland Park Downtown Development District (OP3D) is the centerpiece of the city's transit oriented vision, highlighted by transformative public private partnerships like The Horizon, a six-acre mixed-use redevelopment of the former City Hall site. Meanwhile, the nearby Culinary Arts District has successfully rebranded traditional commercial and light-industrial corridors into a premier destination for breweries, distilleries, and dining, offering developers excellent adaptive reuse opportunities for experiential retail spaces.

To facilitate this ambitious growth across all districts, Oakland Park’s CRA and Planning & Zoning divisions offer powerful mechanisms to streamline development. This includes active funding for exterior property upgrades, zoning harmonization that maximizes infill development footprints, and a municipal readiness to navigate state level density bonuses like the Live Local Act.

Investment highlights

Property Highlights

  • Vacant Land In Growing Broward County Market
  • +/- 49,823 Square Feet | 1.14 Acres
  • 2 Contiguous Parcels
  • Possible Live Local Act Project | Buyer to Verify Viability
  • Rare Vacant Land in High Density Oakland Park, Florida

Zoning Highlights

  • Current Zoning | PRZD Powerline Road Zoning District
  • Future Land Use | Commercial
  • PRZD Allowances | Mixed-Use, Higher Density, Brewpubs, Restaurants, Cafes, Professional Offices, Medical Clinics, Retail, Daycares, Fitness Center

Location Highlights

  • +/- 1.15 Miles | Mills Pond Park
  • +/- 1.75 Miles | Fort Lauderdale Executive Airport
  • +/- 2 Miles | Cypress Creek Corporate Office Park
  • +/- 2.35 Miles | Holy Cross Health
  • +/- 4 Miles | Lauderdale By The Sea Beach Areas
  • +/- 1.7 Miles | Downtown Wilton Manors
  • +/- 1.5 Miles | Downtown Oakland Park Developments (The Horizon)

Listing Contacts

RM
FL SL3526781
Open Market CRE LLC
SP
FL BK3053136
Open Market CRE LLC
Listed by Open Market CRE LLC

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Additional Information

Name
Reece Mohammed
License
SL3526781
Brokerage Phone
9544405528
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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