14
$1,500,000 Sale
Listed 11 hours ago
250 NE 44th Street
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Key Facts
Key facts for 250 NE 44th Street
Property Type
Other, Unspecified
Parking
Unspecified
MLS #
A11857338
Size
-
Basement
-
Listed on
-
Lot size
-
Tax
$19,732 /yr
Days on Market
-
Year Built
1971
Maintenance Fee
-
Description
Opportunity Zone Mixed-Use Investment | Oakland Park, FLLocated within a designated Opportunity Zone, this two-story, 3,975 SF freestanding mixed-use building sits on a ±17,400 SF site in the heart of Oakland Park. The property features 1,680 SF of ground-floor commercial space, two residential unit...s on the second floor, and a ±635 SF detached garage. With approximately 145 feet of high-visibility frontage along Prospect Road and immediate proximity to I-95, the asset benefits from excellent exposure, access, and tenant demand drivers.Zoned B-2 (General Business), the property supports a broad range of commercial and mixed-use configurations. Notably, the site benefits from a grandfathered auto-related entitlement, providing a rare operational advantage that enhances current income stability and optionality. The existing improvements offer in-place cash flow, while the oversized land area and zoning allow for meaningful value-add or redevelopment upside.By-Right Development & Expansion Potential (B-2 Zoning)2–3 stories8–14 residential unitsOptional 2,500–5,000 SF ground-floor commercial100% market-rate (no affordability requirement)Opportunity Zone Investment HighlightsDeferral of eligible capital gains invested into the projectTax-free appreciation upon sale after a 10-year holdNo affordability covenants or rent restrictionsFlexibility for refinance or exit at Year 10+, Directions:
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Courtesy of: RE/MAX 5 Star Realty

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