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701 - 703 N State Road 7, Margate, FL

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701 - 703 N State Road 7

Margate, FL 33063-4566 - NW Broward/Coral Springs Submarket

Property Type:Retail Sub Type:Freestanding Status:Existing Year Built:1967
Building Size:2,285 SF Land Area:.19 AC (8,220 SF)
For Sale Price:$645,000 Price/SF:$282.28
Cap Rate:5.60 %
Parking:Free Surface spaces are available; Ratio of 2.57/1,000 SF
Features:Bus Line

Development site located in Margate's main commercial North/South artery. Excellent visibility. Corner Lot. Located in the TOC -C Corridor, this property benefits from very liberal zoning regulations. Up to four stories may be built. There is no parking requirement. Please see attachment. Surrounded by major national retailers including WalMart, Denny's, Bank of America, TD Bank, McDonald's, and Wendy's.

Corner Lot located on high traffic North State Road 7, Margate's major commercial corridor. Schools, churches, restaurants and shopping are all walking distance. Close to I-95, the Florida Turnpike, and Sawgrass Expy. Margate is close to Fort Lauderdale and the beach.

Sale Notes:
Three unit, free standing building, on a corner lot on busy N. State Road 7 in Margate, FL. 5.6 cap rate at listed price! Great visibility. Easy access. Very well maintained building and lot in the heart of Margate's retail corridor. More than 210 feet of frontage. Separate meters. New doors and A/C Unit. Roof repaired in 2008. Excellent Alarm System . Renovation in 2013 included new electrical, new plumbing, new floors and new dry wall. Parking in front, side and rear. Commercial B-3 zoning

Corner lot on high traffic State Road 7 in Margate, FL. Major North /South retail corridor. High Visibility. Across the street from Super Walmart. Neighbors include Bank of America, Denny's, Miami Subs, Wendy's, TD Bank, McDonald's and Amscot. Close to schools, Churches, Shopping and dining.

The Keyes Company
Carolyn Isacovici
(786) 376-1680

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