Investment Overview

Oakland Park Village Square Land is 41,807 square feet in Sunrise, FL, located just west of the busy intersection of University Drive and West Oakland Park Boulevard with average traffic counts of almost 90,000 vehicles per day. The property lends itself to be a commercial development or rezoned to residential for town homes or small apartment project. The abutting zoning is residential which should provide higher probability to allow this property to become residential should someone chose over commercial. The property sits on the south side of Oakland Park Boulevard, in Sunrise, Florida on the south end of Oakland Park Village Square retail center. The City of Sunrise is a Dense Broward County Municipality with over 189,000 people living within a three-mile radius of the subject property. The strip center includes an additional day care outparcel building that fronts Oakland Park Boulevard and is occupied by Oakland Academy School. The remainder of the 90 percent occupied center is comprised of multiple restaurants, medical and service-oriented tenants. The property sits on is on four acres of land and includes the potential to purchase an additional acre of undeveloped land to the south of the property. This strip center has ideally configured small bays and relatively low rents compared to the market. This is an ideal investment for buyers looking for a stable Southeast Florida retail property in a dense submarket with a diverse tenant mix.