250 NE 44th St, Oakland Park FL 33334

Description

Opportunity Zone Mixed-Use Investment | Oakland Park, FL Located 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 units 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 stories 8–14 residential units Optional 2,500–5,000 SF ground-floor commercial 100% market-rate (no affordability requirement) Opportunity Zone Investment Highlights Deferral of eligible capital gains invested into the project Tax-free appreciation upon sale after a 10-year hold No affordability covenants or rent restrictions Flexibility for refinance or exit at Year 10+