Last updated on July 23rd, 2024

Land | Development Site 26 Units And Comm

$725,000

3939 Powerline Road, Oakland Park, Florida 33309


Documents
  • TREC_3939 Powerline Rd_INVESTMENT or JOIN VENTURE_Web.pdf (2.5 MB)   view   download
Land Size1.13 Acres
ZoningPRZD

PRZD - Powerline Zoning District - Mixed Use District.

This land/development site (26 residential units plus commercial first floor as office/retail) is available for sale and/or as a joint venture. Currently, planned as a class "A" commercial / residential development on 1.13 acre (approx. 49,467 SQFT). The Sweet Acacia project would consist of five stories and approximately 42,956 square feet of building area including a first floor lobby and retail space. The project offers 106 parking spaces, 76% of which would be structured parking providing a unique, state-of-the-art automated vehicle storage system with EV charging stations. Investment/joint venture information includes: 3-5 year hold period, 9% pref return (classA1, A2), 22% and target IRR. Major employers located within the area include BB&T, Lowe's, Regions Bank, Walgreens, Citrix, Microsoft, and more. Healthcare facilities located within a 10 mile radius include Holy Cross Hospital, Broward Health Medical Center, Broward Health Imperial Point, and more.


The information contained herein is from sources deemed reliable, but is subject to errors, omissions, and withdrawal without notice.


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