2922 N State Road 7 - Storefront Retail/Office FOR SALE


Margate, FL 33063
$7,250,000 USD
954-453-1000
2922 N State Road 7, Margate, FL for Sale
$7,250,000 USD
Storefront Retail/Office - FOR SALE
1/3
null | 2.84% Cap Rate

2922 N State Road 7
Margate, FL 33063


HIGHLIGHTS

  • Located Directly on State Rd 7 / 441
  • 49.31% Occupied
  • 8.5% Pro-forma CAP Rate
  • Perfect for an Investor or Owner-User!

OVERVIEW

This prime investment property spans 20,714 SF on a 1.32-acre lot and includes 65 parking spaces. The shopping center features a total of 12 units, currently 49.31% occupied by four tenants. There is approximately 10,500 SF available, presenting an excellent opportunity for an owner-user or additional lease-up potential. This is an exceptional investment opportunity in a prime location. For further details, please refer to the enclosed offering memorandum. Please do not disturb the tenants.

FOR SALE DETAILS

PRICE

$7,250,000 USD

PRICE/SF

$350 USD /SF

CAP RATE

2.84%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

Margate Shopping Center

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Office

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1972

SPRINKLERS

-

PARKING SPACES

42

LAND DETAILS

LAND ACRES

1.32 AC

LAND SF

57,499 SF

ZONING

TOC-C

APN/PARCEL ID

48-42-19-02-0010

ASK ABOUT THIS PROPERTY

John DeMarcoRE/MAX 5 Star RealtyMore Info
954-453-1000

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John DeMarcoRE/MAX 5 Star RealtyMore Info
954-453-1000

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