Prospect Gardens Center 180-186 E Prospect Rd

SVN Commercial Partners, as exclusive advisor, is pleased to present Prospect Gardens Center (the "Property") a retail strip center in the heart of Oakland Park, Florida. This Property offers convenient access and high visibility with a daily traffic count of over 23,000 vehicles on Prospect Rd and a population exceeding 130,000 within a 3-mile radius. The 2,322 SF building, featuring four units, presents a great opportunity for an owner-user or a value add investor.
Built in 1961, the Property benefits from its strategic location within both an Opportunity Zone and CRA boundaries, offering substantial advantages. Owner-users can take advantage of tax deferral and reduction incentives in the Opportunity Zone, while the Oakland Park CRA provides funding for local businesses through the Business Incentive Program (BIP). The property is located in a B-2 (General Business) zone, with an average household income over $95,000 within a 3-mile radius, offering a strong customer base.
All units are currently leased on a month-to-month basis giving an owner-user flexibility to partially occupy space and generate rental income or fully occupy the building. It also offers a total of eight shared parking spaces and a parking ratio of 3.4 spaces per 1,000 rentable square feet. Don't miss out on this value add owner user opportunity in the thriving retail market of Oakland Park, Florida.