4351 NE 12th Terrace, Oakland Park, FL 33334
$7,000,000
Property Type:
Comm/Industry
Status:
Closed
Current Price:
$7,000,000
Last Modified:
12/19/2025
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 hurdlesespecially in urban areas. Located just east of I-95, the property services Downtown Fort Lauderdale, Oakland Park, and Wilton Manors within a 1520 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.
More Information MLS# FX-10501504
Contract Information
Auction: No
Status: Closed
Original List Price: 8000000
Sold Price: $7,000,000
Current Price: $7,000,000
Listing Date: 2025-05-02
General Property Description
For Sale: Yes
For Lease: No
Acres: 1.9
Type: Industrial
Year Built: 1967
Location, Tax & Legal
Geo Area: FTNE
Country: United States
State/Province: FL
Tax Year: 2024
Zoning: B-3
Area: 3360
County: Broward
Parcel ID: 494223000104
Street #: 4351
Street Dir: NE
Street Name: 12th
Street Suffix: Terrace
Zip Code: 33334
Legal Desc: 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
Geo Lat: 26.180806
Geo Lon: -80.131244
Office/Member Info
DXORIGMLNO: F10501504
DXORIGMLSID: FLL
Status Change Info
Terms of Sale: Cash
Under Contract Date: 2025-10-01
Sold Date: 2025-12-18
Sold Price: $7,000,000
Listing Office:
Native Realty Co.
Last Updated: December - 19 - 2025
This information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. Copyright 2024 Beaches Multiple Listing Service, Inc. All rights reserved. Information Not Guaranteed and Must Be Confirmed by End User. Site contains live data.
