2881 Oakland Park Blvd, Fort Lauderdale, FL 33306
19,082 SF | Office Building | Fort Lauderdale, FL 33306 | $9,999,999 ($524/SF) | 5% Cap Rate
For Sale
Active
Asking Price $9,999,999
- Property Type
-
Office
- Square Feet
- 19,082 SF
- Price / Square Foot
- $524
Listing Contacts
Nick Polyushkin
Property Overview
Commonwealth Commons is a premier office building at 2881 E Oakland Park Boulevard, adjacent to the prestigious Coral Ridge neighborhood in Eastern Fort Lauderdale. This premier, three-story office building spans 19,167 square feet and boasts an impressive 96% occupancy rate. Developed in 1969 and renovated in 2003, the property is managed by Vera Manage, a well-established executive suite operator known for generating diverse and stable cash flows through leasing and offering premium services to professionals and entrepreneurial businesses.
Along the heavily trafficked Oakland Park Boulevard, Commonwealth Commons benefits from high visibility and accessibility, with 39,500 vehicles passing daily and proximity to Federal Highway, a major thoroughfare that sees 54,000 cars daily. The property’s location, just 3.5 miles from Downtown Fort Lauderdale, offers a high-quality office experience at a fraction of the cost, making it an attractive option for tenants seeking flexible office space in a thriving market.
The building is near the Coral Ridge Mall and Coral Ridge Country Club, within a neighborhood where executive residents enjoy luxury waterfront properties priced between $1 million and over $7 million. Within a 1-mile radius, the surrounding Coral Ridge area boasts an average household income of over $122,000. Commonwealth Commons caters to professionals seeking proximity to this affluent demographic, with no directly comparable office alternatives in the micro-market.
Along the heavily trafficked Oakland Park Boulevard, Commonwealth Commons benefits from high visibility and accessibility, with 39,500 vehicles passing daily and proximity to Federal Highway, a major thoroughfare that sees 54,000 cars daily. The property’s location, just 3.5 miles from Downtown Fort Lauderdale, offers a high-quality office experience at a fraction of the cost, making it an attractive option for tenants seeking flexible office space in a thriving market.
The building is near the Coral Ridge Mall and Coral Ridge Country Club, within a neighborhood where executive residents enjoy luxury waterfront properties priced between $1 million and over $7 million. Within a 1-mile radius, the surrounding Coral Ridge area boasts an average household income of over $122,000. Commonwealth Commons caters to professionals seeking proximity to this affluent demographic, with no directly comparable office alternatives in the micro-market.
Property Details
- Class
- B
- Year Built/Renovated
- 1969/2003
- Stories
- 3
- Lot Size (sq. ft)
- 37,897 SF
Highlights
- Central location is genuinely irreplaceable and enjoys a remarkable amenity base, including the Coral Ridge Mall and the Coral Ridge Country Club.
- Commonwealth Commons offers the charming allure of Colonial architecture with proximity to Downtown Fort Lauderdale's modern conveniences.
- Businesses benefit from exposure and access to nearby affluent communities, presenting average household incomes over $122,000.
- Tenants appreciate proximity to local amenities and seamless access to State Road A1A, US Highway 1, and Interstates 95 and 595.
- New ownership can explore various redevelopment opportunities with upside potential while enjoying an established, stable income.
All available spaces
- Space
- 1st Fl-Ste 116
- Size
- 180 SF
- Condition
- Full Build-Out
- Space
- 2nd Fl-Ste 209
- Size
- 180 SF
- Condition
- Full Build-Out
- Space
- 2nd Fl-Ste 214
- Size
- 180 SF
- Condition
- Full Build-Out
- Space
- 3rd Fl-Ste 312
- Size
- 150 SF
- Condition
- Full Build-Out
- Space
- 3rd Fl-Ste 317
- Size
- 200 SF
- Condition
- Full Build-Out
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