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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.
Last Updated: January - 24 - 2026
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 2026 Beaches Multiple Listing Service, Inc. All rights reserved. Information Not Guaranteed and Must Be Confirmed by End User. Site contains live data.