Commonwealth Commons 2881 E Oakland Park Blvd Fort Lauderdale, FL 33306

2881 E Oakland Park Blvd Fort Lauderdale, FL 33306
$14,999,999
$14,999,999
Commonwealth Commons 2881 E Oakland Park Blvd Fort Lauderdale, FL 33306

Overview

Commonwealth Commons, located at 2881 E Oakland Park Boulevard, is a standout office building in the heart of Fort Lauderdale, just steps from the prestigious Coral Ridge neighborhood. This three-story property spans 19,167 square feet and boasts a remarkable 96% occupancy rate. Originally developed in 1969 and thoughtfully renovated in 2003, it’s managed by Vera Manage, a top executive suite operator known for delivering stable cash flows through leasing and premium services for professionals and entrepreneurs.
Positioned on the bustling Oakland Park Boulevard, with 39,500 vehicles passing daily, and close to Federal Highway, which sees 54,000 cars daily, Commonwealth Commons offers prime visibility and accessibility. Its location, just 3.5 miles from Downtown Fort Lauderdale, provides high-quality office space at a fraction of the cost, making it an attractive option for tenants seeking flexible and affordable office solutions in a growing market.
Situated near Coral Ridge Mall and Coral Ridge Country Club, the surrounding neighborhood features luxury waterfront homes priced between $1 million and $7 million, with an average household income of over $122,000 within a 1-mile radius. Commonwealth Commons serves professionals who value proximity to this affluent community, standing out as the premier office option with no direct competitors in the area.
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Details

  • Lot area (sqft):
    37,897 sqft
  • Building area (sqft)::
    19,082 sqft
  • Price ($):
    $14,999,999
  • Year built:
    1969
  • Cap Rate:
    3.33%

Amenities

  • 24 Hour Access
  • Air Conditioning
  • Balcony
  • Bus Line
  • Conference Rooms
  • Fully Carpeted
  • Kitchen
  • Reception
  • Security System
  • Signage
  • Wheelchair Accessible