2401-2403 N State Road 7 - Freestanding FOR SALE


Margate, FL 33063- North Margate
$2,800,000 USD
954-558-1220
2401-2403 N State Road 7, Margate, FL for Sale
$2,800,000 USD
Freestanding - FOR SALE
1/25
null | Request Cap Rate

2401-2403 N State Road 7
Margate, FL 33063
North Margate


HIGHLIGHTS

  • Newly constructed ±6,500 SF multi-tenant retail plaza
  • Two units: ±4,000 SF (north) & ±2,500 SF (south)
  • ±1.31-acre lot with 51 parking spaces (7.8/1,000 SF ratio) - Zoned for retail, residential, and medical uses
  • 265 feet of frontage along North State Road 7 (US-441)
  • Monument sign for enhanced visibility and exposure
  • High-traffic location with over 52,000 vehicles per day - Surrounded by national retailers and major attractions

OVERVIEW

Lee & Associates presents Park Plaza, a newly renovated ±6,500-square-foot multi-tenant retail plaza in Margate, Florida. This prime property features two rentable units: a ±4,000-square-foot northern unit and a ±2,500-square-foot southern unit. Zoned for a wide range of retail and medical uses ideal for an investment property or an owner-user. The plaza is situated on a spacious ±1.31-acre lot with ample parking, offering 51 spaces and an impressive parking ratio of 7.8/1,000 square feet. Boasting 265 feet of frontage along North State Road 7 (US-441), the property enjoys exceptional visibility with over 52,000 vehicles passing by daily. A monument sign further enhances exposure, making it an outstanding opportunity for businesses seeking a high-traffic location. Located near major suburban communities such as Coral Springs, Coconut Creek, Pompano Beach, and Margate, the property benefits from strong consumer demand. Its proximity to high-traffic destinations like Seminole Casino Coconut Creek and The Promenade at Coconut Creek, as well as established national retailers—including Best Buy, Burlington, Walmart, Wawa, and multiple quick-service restaurants—Park Plaza offers an exceptional opportunity for businesses seeking to establish or expand in a dynamic commercial corridor.

FOR SALE DETAILS

PRICE

$2,800,000 USD

PRICE/SF

$433 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Park Plaza Retail Center

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

ADD'L SUBTYPES

Convenience Store, Fast Food, Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1988

SPRINKLERS

-

PARKING SPACES

51

LAND DETAILS

LAND ACRES

1.31 AC

LAND SF

57,064 SF

ZONING

TOC-C

APN/PARCEL ID

48-41-24-01-0010

ASK ABOUT THIS PROPERTY

Greg MilopoulosLee & AssociatesMore Info
954-558-1220

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Greg MilopoulosLee & AssociatesMore Info
954-558-1220

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.