2881 E Oakland Park Blvd Fort Lauderdale, FL 33306
FOR SALE - Active
$21,000,000
$16,000,000
(31.3%)
Overview
- Status: Active
- Bed(s) No info
- Bath(s)
- Half Bath(s) 0
- Parking No info
- Size: 19,082 ft2/1,772.78 m2
- Price Per: $1,100.51 ft2/$11,845.83 m2
- Type: Commercial/Investment
- Built: 1969
- HOA: No info
- MLS Number: A11572479
- View No info
- On Site: 228 days
- Updated: Listing Refreshed: 216 Days Ago
Commonwealth Commons a 19,167 square foot iconic premier office building. The Property consists of an 96% occupied, three-story, multi-tenant office building. The surrounding Coral Ridge area is home to a number of executives who reside in waterfront neighborhoods where housing prices typically range from $2M to over $15M The offering provides a unique opportunity for an investor to acquire a well located, cash flowing office building, either taking over the operation of the executive suite business or retain the current operator. Additional potential future upside could be captured through spinning off the additional development of condo building. Great redevelopment potential
Price History
| Date | Event | Price | Change Rate | Price Per |
|---|---|---|---|---|
| 04/30/2024 | Price Increased | $21,000,000.00 | 31.3% | $1,100.51 ft2/$11,845.83 m2 |
| 04/19/2024 | Listed | $16,000,000.00 | $838.49 ft2/$9,025.40 m2 |
Contact Information
Tracey Schmitt
Real Estate Advisor
Office: (305) 407-1657
Specialties:
Luxury Oceanfront Communities, Waterfront Single Family Homes
Memberships:
Master Brokers, Luxury Real Estate Marketing, Million Dollar Guild
This property is courtesy of the Vera Realty LLC. The data relating to real estate for sale/lease on this web site come in part from a cooperative data exchange program of the multiple listing service (MLS) in which this real estate firm (Broker) participates. The properties displayed may not be all of the properties in the MLS's database, or all of the properties listed with Brokers participating in the cooperative data exchange program. Properties listed by Brokers other than this Broker are marked with either the listing Broker's logo or name or the MLS name or a logo provided by the MLS. Detailed information about such properties includes the name of the listing Brokers. Information provided is thought to be reliable but is not guaranteed to be accurate; you are advised to verify facts that are important to you. No warranties, expressed or implied, are provided for the data herein, or for their use or interpretation by the user. The Florida Association of Realtors and its cooperating MLSs do not create, control or review the property data displayed herein and take no responsibility for the content of such records. Federal law prohibits discrimination on the basis of race, color, religion, sex, handicap, familial status or national origin in the sale, rental or financing of housing.