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Gelfand Realty Miami Properties for Sale - Other Land for Sale

3939 N POWERLINE RD, OAKLAND PARK, FL 33309

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Other Land - for Sale

3939 N POWERLINE RD, OAKLAND PARK, FL 33309

Asking Price$1,190,000

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  • Days on market:

    71 day(s)
  • Original Price:

    $1,190,000
  • Tax Legal Description:

    21-49-42 POR OF E 1/2 OF SEC 21 DESC AS: COMM AT E 1/4 COR SAID SEC 21, N 666.92, W 50 TO POB, SONT W 81.83, NE ALG E R/W/L I-95 FOR 204.05,
  • Tax Year:

    2024
  • Property Type:

    Land
  • Lot Features:

    Other Location 1-2.5 Acres

Description

$1,190,000

Motivated seller|quick closing: 1.135 acre land/development site! plans designed for live local act & consist of approx. 65,000 +/- sqft building area, including 84 units (33 at affordable housing, 51 at market), & 50% of the 1st floor would be commercial. project offers 140 parking spaces (14 at surface & 126 w/ automated vehicle storage system). total project cost is estimated between $13.5 - $14.5 million, depending on the final scope - the final estimated value at exit is around $21 million with a holding period of 3-5 years. employers in the area include bb&t, lowe's, citrix, microsoft, & more. healthcare facilities within a 10-mile radius include holy cross hospital, broward health medical center, broward health imperial point & more.

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