Margate Shopping Center | 2922 N State Road 7
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Margate Shopping Center 2922 N State Road 7
20,714 SF Vacant Retail Building Margate, FL 33063 $7,250,000 ($350/SF) 2.84% Cap Rate
Investment Highlights
- Located Directly on State Rd 7 / 441
- 8.5% Pro-forma CAP Rate
- 49.31% Occupied
- Perfect for an Investor or Owner-User!
Executive Summary
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.
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.
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Storefront Retail/Office
Building Size
20,714 SF
Building Class
C
Year Built
1972
Price
$7,250,000
Price Per SF
$350
Cap Rate
2.84%
NOI
$205,827
Percent Leased
Vacant
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.36
Lot Size
1.32 AC
Zoning
TOC-C - TRANSIT-ORIENTED CORRIDOR-CORRIDOR
Parking
42 Spaces (2.03 Spaces per 1,000 SF Leased)
Amenities
- Dedicated Turn Lane
Space Availability
- Space
- Size
- Space Use
- Position
- Available
- 2928
- 1,500 SF
- Retail
- In-Line
- Now
- 2934
- 10,000 SF
- Retail
- In-Line
- Now
| Space | Size | Space Use | Position | Available |
| 2928 | 1,500 SF | Retail | In-Line | Now |
| 2934 | 10,000 SF | Retail | In-Line | Now |
2928
| Size |
| 1,500 SF |
| Space Use |
| Retail |
| Position |
| In-Line |
| Available |
| Now |
2934
| Size |
| 10,000 SF |
| Space Use |
| Retail |
| Position |
| In-Line |
| Available |
| Now |
Nearby Major Retailers
PROPERTY TAXES
| Parcel Number | 48-42-19-02-0010 | Improvements Assessment | $2,272,830 |
| Land Assessment | $589,430 | Total Assessment | $2,862,260 |
PROPERTY TAXES
Parcel Number
48-42-19-02-0010
Land Assessment
$589,430
Improvements Assessment
$2,272,830
Total Assessment
$2,862,260
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Margate Shopping Center | 2922 N State Road 7
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