4351 NE 12th Terrace, Oakland Park, FL 33334
$7,000,000
Property Type:
Commercial Sale
Square Footage:
33,231
Lot Size (sq. ft.):
82,729
Status:
Closed
Current Price:
$7,000,000
List Date:
5/02/2025
Last Modified:
1/24/2026
Overview
Description
Rare opportunity to acquire a fully leased, 100% NNN commissary kitchen and entertainment venue offering an 8% cap rate. Commissary kitchens are in high demand and hard to replicate due to high buildout costs and zoning hurdles—especially in urban areas. Located just east of I-95, the property services Downtown Fort Lauderdale, Oakland Park, and Wilton Manors within a 15–20 minute drive.The property is occupied by two experienced tenants, providing stable income and credit strength. With one lease nearing expiration, there’s potential for owner occupancy. Features include dock-height loading bays and ample surface parking, ensuring operational efficiency.This turnkey asset combines strong cash flow with long-term flexibility in a high-growth, supply-constrained South Florida market.
Listing Details MLS# F10501504
General Property Information
- Property Sub Type
- Industrial
- Building Area Main
- 33231
- Year Built
- 1967
- Lot Size Area
- 82734
- Lot Size Acres
- 1.9
- Leasable Area
- 32436
Property Features
Structure Type:
Retail; Warehouse
Showing Requirements:
Call Listing Agent
Contract Information
- Comp Sale YN
- No
- Listing Contract Date
- 2025-05-02
- Original List Price
- 8000000
Location and Legal
- Country
- United States
- County Or Parish
- Broward
- County Parish Name
- Broward
- Street Number
- 4351
- Street Direction Prefix
- NE
- Street Name
- 12th
- Street Suffix
- Terrace
- City Name
- Oakland Park
- State Or Province
- FL
- Postal Code
- 33334
- Postal Code +4
- 4724
- Area
- 3360
- Geographic Area
- FTNE - Ft Lauderdale NE (3240-3270;3350-3380;3440-3450;3700)
- Parcel Number
- 494223000104
- Zoning
- B-3
- Subdivision Number
- 0
Financial Information
- Tax Year
- 2024
- Tax Legal Description
- 23-49-42 COMM AT NW1/4 COR OF SEC 23,W 50 S 104.78 TO POB,CONT S 255,W 323.80 TO E R/W/L OF FEC R/R,N 255 ALG E R/W/L,E 325.07 TO POB
Status Change Information
- Major Change Timestamp
- 2025-12-18T16:25:08Z
- Major Change Type
- Status Change
- Price Change Timestamp
- 2025-09-03T21:40:39Z
- Status Change Date
- 2025-12-19
- Under Contract Date
- 2025-10-01
- Close Date
- 2025-12-18
- Close Price
- 7000000
- Buyer Financing
- Cash
More Information
Concessions
- Seller Concessions
- No
Price Calculations
- Current Price To SqFt
- 210.65
- Original List Price To Close Price
- 0.87
Originating Details
- Originating System Key
- 597914770
- Originating System ID
- M00000170
Office/Member Information
- DXORIGMLSID
- FLL
Structure Type
- Retail
- Yes
- Warehouse
- Yes
Showing Requirements
- Call Listing Agent
- Yes
Listing Office:
Native Realty Co.
Last Updated: January - 24 - 2026
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