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$7,750,000
Est. payment /mo
1.9 Acres Lot
UPDATED:
Key Details
Property Type Commercial
Sub Type Industrial
Listing Status Active
Purchase Type For Sale
MLS Listing ID F10501504
Total Fin. Sqft 82734
Year Built 1967
Tax Year 2024
Lot Size 1.899 Acres
Property Sub-Type Industrial
Property Description
Rare opportunity to acquire a fully leased, 100% NNN commissary kitchen and entertainment venue offering an 8% cap rate. Commissary kitchens are in high demand and hard to replicate due to high buildout costs and zoning hurdles—especially in urban areas. Located just east of I-95, the property services Downtown Fort Lauderdale, Oakland Park, and Wilton Manors within a 15–20 minute drive.
The property is occupied by two experienced tenants, providing stable income and credit strength. With one lease nearing expiration, there's potential for owner occupancy. Features include dock-height loading bays and ample surface parking, ensuring operational efficiency.
This turnkey asset combines strong cash flow with long-term flexibility in a high-growth, supply-constrained South Florida market.
The property is occupied by two experienced tenants, providing stable income and credit strength. With one lease nearing expiration, there's potential for owner occupancy. Features include dock-height loading bays and ample surface parking, ensuring operational efficiency.
This turnkey asset combines strong cash flow with long-term flexibility in a high-growth, supply-constrained South Florida market.
Location
State FL
County Broward County
Area Ft Ldale Ne (3240-3270;3350-3380;3440-3450;3700)
Zoning B-3
Others
Virtual Tour https://www.propertypanorama.com/4351-NE-12th-Ter-Oakland-Park-FL-33334/unbranded
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Listed by Native Realty Co.