$1,450,000
Oakland Park, FL
MLS# B26025801
Status: Active Under Contract
5562 sqft
1 / 6
Property Description
Value-add retail strip center located in the heart of Oakland Park's rapidly growing NE 38th Street corridor. 5,562 SF building with 6 tenants including a restaurant, laundromat, retail stores, and tax office. Current rents are significantly below market, offering approximately $44,000/year in upside potential. Recent capital improvements totaling $191,000 include a full roof replacement, new electrical, and new plumbing. Two units are month-to-month providing immediate flexibility for a new owner. Property sits within Oakland Park's Downtown Redevelopment Area — one of Broward County's most active urban growth corridors. All measurements approximate; buyer to verify.
Details
Maps
Contract Information
Comp Sale YN: No
Negotiable Seller Concessions YN: Yes
Listing Date: 2026-05-06
Status: Active Under Contract
Original List Price: 1700000
List Price: $1,450,000
Current Price: $1,450,000
Listing Service: Full Service
Location and Legal
County Or Parish: Broward
Municipality Type: Incorporated
Postal Code: 33334
Geographic Area: FTNE - Ft Lauderdale NE (3240-3270;3350-3380;3440-3450;3700)
Subdivision Number: 4
Flood Zone: AE
Property Description: STORE
Country: United States
Street Number: 312-322
Street Direction Prefix: NE
Street Name: 38th
Street Suffix: Street
State Or Province: FL
Postal Code +4: 2225
Area: 3450
Parcel Number: 494222040020
Zoning: B-1
General Property Information
Number Of Units Total: 6
Adjusted Area Main: 5562
Accessibility Features YN: Yes
Lot Size Area: 12702
Stories Total: 1
Property Sub Type: Retail
Building Area Main: 5562
Building Area Source: Public Records
Year Built: 1979
Parking Total: 20
Lot Size Acres: 0.29
Financial Information
Tax Assessed/SOH Value: 833140
Assessor Market Value: 946350
Tax Annual Amount: 21652.04
Tax Year: 2025
Tax Legal Description: EVELYN VILLAS 12-1 B PT LOTS 11 THRU 15 DESC AS COMM AT NW COR OF NW1/4,OF NE1/4 OF SE1/4 OF 22-49-42,ELY 224.93,SLY 30 TO POB,SLY 127.08,WL
Office/Member Information
DXORIGMLSID: RML
Electric
Separate Meters: 1
Parking Features
Free: 1
Property Condition
Resale: 1
Special Listing Conditions
Standard: 1
Documents Available
Copy Of Lease(s): 1
Deed: 1
Photos: 1
Meter Information
Separate Electric Meters YN: Yes
Separate Gas Meters YN: No
Separate Water Meters YN: Yes
Number Of Separate Electric Meters: 6
Number Of Separate Water Meters: 4
Possession
Subject To Tenant Rights: 1
Sewer
Public Sewer: 1
Utilities
Cable Connected: 1
Electricity Connected: 1
Phone Connected: 1
Water Connected: 1
Business Type
Convenience Store: 1
Laundromat: 1
Restaurant: 1
Retail: 1
Distance To Information
Miles to Beach: 4
Miles to Expressway: 1
Heating
Central Individual: 1
Construction Materials
CBS: 1
Listing Terms
Cash: 1
Conventional: 1
Roof
Flat: 1
Security Features
Closed Circuit Camera(s): 1
None: 1
Water Source
Public: 1
Cooling
Central Air: 1
Showing Requirements
Occupied: 1
Contingencies
None: 1
Acreage Description
1/4 To Less Than 1/2 Acre Lot: 1
Less Than 1 Acre Lot: 1
Status Change Information
Major Change Timestamp: 2026-07-17T22:27:20Z
Major Change Type: Status Change
Price Change Timestamp: 2026-07-08T03:25:23Z
Status Change Date: 2026-07-17
Under Contract Type: Active Under Contract
Under Contract Date: 2026-07-17
Originating Details
Originating System Key: 20260508042513612602000000
Originating System ID: M00000170
Property Features
Business Type: Convenience Store; Laundromat; Restaurant; Retail
Documents Available: Copy Of Lease(s); Deed
Electric: Separate Meters
Heating: Central Individual
Parking Features: Free
Possession: Subject To Tenant Rights
Property Condition: Resale
Special Listing Conditions: Standard
Construction Materials: CBS
Cooling: Central Air
Listing Terms: Cash; Conventional
Roof: Flat
Security Features: Closed Circuit Camera(s); None
Sewer: Public Sewer
Utilities: Cable Connected; Electricity Connected; Phone Connected; Water Connected
Water Source: Public
Showing Requirements: Occupied
Contingencies: None
Acreage Description: 1/4 To Less Than 1/2 Acre Lot; Less Than 1 Acre Lot
Listing Office: Canvas Real Estate
Last Updated: July - 17 - 2026
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