62nd STREET PLAZA

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The 62nd Street Plaza is located on the south side of N.E. 62nd Street between N.E. 9th Avenue and Dixie Highway in Oakland Park, Broward County, Florida. The street address is 900 N.E. 62nd Street, Oakland Park, Florida 33334. This shopping center contains 151,830 square feet, or approximately 3.49 acres, and is rectangularly shaped, consists of a one-story multi-tenant strip shopping center containing a total of 41 ,680 net rentable square feet. 62nd Street Plaza improvements were originally constructed in 1981. B-2, General Business District, by the City of Oakland Park. A significant factor in 62nd Street Plaza neighborhood is the creation of the Downtown Mixed-Use District by the City of Oakland Park. The Oakland Park Station is a part of this newly created zoning district which will allow mixed-use opportunities and encourages desirable downtown redevelopment. Fort Lauderdale Executive Airport is located just north of 62nd Street Plaza neighborhood, on the north side of Commercial Boulevard. Downtown Fort Lauderdale is located approximately four to five miles to the southeast. The downtown area of Ft. Lauderdale is a major employment center in Broward County. Until recently, 62nd Street Plaza neighborhood was an established area, which was virtually stabilized and in a period of equilibrium. This was primarily due to the age of the properties and the fact that the neighborhood is nearly fully developed and there had been no significant development within the last several years except for some renovation. However, with the creation of the Downtown Mixed-Use District by the City of Oakland Park, and the current development of several multi-family residential projects in the Oakland Park and Wilton Manors areas, 62nd Street Plaza neighborhood is undergoing significant changes at this time. In our opinion, 62nd Street Plaza neighborhood should have some value appreciation over the foreseeable future, due primarily to its easily accessible location and the significant amount of redevelopment that is occurring.

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Map of 62nd STREET PLAZA location at Broward County, FL, USA. Click here for enlarge

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