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

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.

More Information MLS# F10501504

Contract Information

Comp Sale YN: No Listing Contract Date: 2025-05-02 Status: Closed Original List Price: 8000000 Sold Price: $7,000,000 Current Price: $7,000,000

Location and Legal

County Or Parish: Broward County Parish Name: Broward City Name: Oakland Park Postal Code: 33334 Geographic Area: FTNE - Ft Lauderdale NE (3240-3270;3350-3380;3440-3450;3700) Subdivision Number: 0 Country: United States Street Number: 4351 Street Direction Prefix: NE Street Name: 12th Street Suffix: Terrace State Or Province: FL Postal Code +4: 4724 Area: 3360 Parcel Number: 494223000104 Zoning: B-3

General Property Information

Leasable Area: 32436 Lot Size Area: 82734 Property Sub Type: Industrial Building Area Main: 33231 Year Built: 1967 Lot Size Acres: 1.9

Office/Member Information

DXORIGMLSID: FLL

Status Change Information

Buyer Financing: Cash 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

Structure Type

Retail: 1 Warehouse: 1

Showing Requirements

Call Listing Agent: 1

Concessions

Seller Concessions: No

Price Calculations

Current Price To SqFt: 210.65 Original List Price To Close Price: 0.87

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

Originating Details

Originating System Key: 597914770 Originating System ID: M00000170

Property Features

Structure Type: Retail; Warehouse Showing Requirements: Call Listing Agent
Listing Office: Native Realty Co.
IDX
Last Updated: January - 24 - 2026
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