3939 Powerline Road, Oakland Park, FL
1.13 Acres of Commercial Land Offered at $1,275,000 USD in Fort Lauderdale, FL 33309
For Sale
Active
- Date Added:
- May 17, 2024
- Days on Market:
- 28 days
Asking Price $1,275,000
- Property Type
-
Land
Listing Contacts
Joe Pelayo
Verified Profile
George Pelayo
Verified Profile
- Property Info
Property Overview
MOTIVATED SELLER! QUICK SALE! This land/development site (26 residential units plus commercial first floor as office/retail) is available for sale and/or as a joint venture. Currently, planned as a class "A" commercial / residential development on 1.13 acre (approx. 49,467 SQFT). The Sweet Acacia project would consist of five stories and approximately 42,956 square feet of building area including a first floor lobby and retail space. The project offers 106 parking spaces, 76% of which would be structured parking providing a unique, state-of-the-art automated vehicle storage system with EV charging stations. Investment/joint venture information includes: 3-5 year hold period, 9% pref return (classA1, A2), 22% and target IRR. Major employers located within the area include BB&T, Lowe's, Regions Bank, Walgreens, Citrix, Microsoft, and more. Healthcare facilities located within a 10 mile radius include Holy Cross Hospital, Broward Health Medical Center, Broward Health Imperial Point, and more.
Property Details
- Property Subtype
- Commercial
Highlights
- MOTIVATED SELLER
- QUICK SALE
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