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2800-2810 E Oakland Park Blvd - Coral Ridge Redevelopment - Bayview Plaza 3.05 Acres of Commercial Land Offered at $34,335,356 CAD in Fort Lauderdale, FL 33306
INVESTMENT HIGHLIGHTS
- Existing office building of around 30,000 sf.
- SITE A: Proposed GBA - 365,085 sf incl. 87,400 sf of covered parking, Proposed NSA - 194,875 sf residential (95 units) + 5,500 sf retail, Proposed P
- Current NOI – around $500k/year
- SITE B: Proposed GBA - 58,840 sf incl. 12,225 sf of covered parking, Proposed NSA - 26,475 sf (18 units), Proposed Parking Space - 36 spots
EXECUTIVE SUMMARY
Option 1 for Development:
Parcel A - Condo development project located at 2810 East Oakland Park Blvd, Fort
Lauderdale, FL, with all necessary approvals to build 95 condos of 365,000 GBA including 5,500 sf of ground floor retail
Parcel B - condo development project located at 2810 East Oakland Park Blvd, Fort
Lauderdale, FL, with all necessary approvals to build 18 condos of 58,840 GBA
Option 2 for Development:
prime ±3.05-acre site at 2810 E Oakland Park Blvd, Fort Lauderdale, just west of the Intracoastal and walking distance to the beach.
Under Florida’s Live Local Act, this property could support a high-rise mixed-income community of ~350–400 units and up to 32 stories, leveraging nearby comparables like The Palms (32 stories) and L’Hermitage (28–29 stories).
Parcel A - Condo development project located at 2810 East Oakland Park Blvd, Fort
Lauderdale, FL, with all necessary approvals to build 95 condos of 365,000 GBA including 5,500 sf of ground floor retail
Parcel B - condo development project located at 2810 East Oakland Park Blvd, Fort
Lauderdale, FL, with all necessary approvals to build 18 condos of 58,840 GBA
Option 2 for Development:
prime ±3.05-acre site at 2810 E Oakland Park Blvd, Fort Lauderdale, just west of the Intracoastal and walking distance to the beach.
Under Florida’s Live Local Act, this property could support a high-rise mixed-income community of ~350–400 units and up to 32 stories, leveraging nearby comparables like The Palms (32 stories) and L’Hermitage (28–29 stories).
DATA ROOM Click Here to Access
- Offering Memorandum
PROPERTY FACTS
| Price | $34,335,356 CAD | Property Subtype | Commercial |
| Sale Type | Investment | Proposed Use | Mixed Use |
| No. Lots | 1 | Total Lot Size | 3.05 AC |
| Property Type | Land | ||
| Zoning | CB & RM-25 - Site A - CB Site B - RM-25 | ||
| Price | $34,335,356 CAD |
| Sale Type | Investment |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Commercial |
| Proposed Use | Mixed Use |
| Total Lot Size | 3.05 AC |
| Zoning | CB & RM-25 - Site A - CB Site B - RM-25 |
1 LOT AVAILABLE
Lot
| Price | $34,335,356 CAD | Lot Size | 3.05 AC |
| Price Per AC | $11,257,493.88 CAD |
| Price | $34,335,356 CAD |
| Price Per AC | $11,257,493.88 CAD |
| Lot Size | 3.05 AC |
Lot is located in a phenomenal neighborhood . East Oakland Park Blvd – one of the most prestigious and one of the last completely undeveloped ocean-bound boulevards in Fort Lauderdale. Project can be developed - Site A 94 large units+Site B -18 units
DESCRIPTION
The Project comprises around 30,000-sf class B office building with an 85% occupancy rate and a 3-star CoStar rating. VF has already increased some rents and filled several vacancies. There is still some room to increase NOI thorough completing the lease-up of vacant spaces.
1 1
Walk Score®
Very Walkable (82)
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $53,034 CAD | |
| Land Assessment | $1,101,797 CAD | Total Assessment | $1,154,831 CAD |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$1,101,797 CAD
Improvements Assessment
$53,034 CAD
Total Assessment
$1,154,831 CAD
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2800-2810 E Oakland Park Blvd - Coral Ridge Redevelopment - Bayview Plaza
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