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    5300 Coconut Creek Pkwy Margate, FL 33063

    For Sale
    $1,100,000

    Margate, FL: Prime Retail Opportunity

    Property size:
    1,400 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    316
    This exceptional 1,406 square foot retail property presents a unique investment opportunity in the thriving city of Margate, Florida. Situated on a 0.4-acre corner lot at 5300 Coconut Creek Parkway, this location boasts unparalleled visibility due to its placement in front of a bustling shopping mall and along a high-traffic thoroughfare. The building's former use as a bank provides a solid foundation for a variety of commercial ventures. The existing layout includes 470 square feet of climate-controlled office space, offering flexibility for various business needs. The expansive lot and strategic positioning offer significant potential for a drive-through business, capitalizing on the substantial customer base of the adjacent shopping center. This property is ideally suited for businesses seeking high visibility and convenient access to a large consumer market. The asking price of $1,100,000 reflects the exceptional location and potential for strong returns on investment. This is a rare opportunity to acquire a prime retail space in a high-demand area. Don't miss out on this chance to establish your business in a highly visible and accessible location. The property's strategic placement and existing infrastructure make it an attractive option for a wide range of commercial enterprises. Serious inquiries are encouraged.

    Property Features for 5300 Coconut Creek Pkwy

    General Information

    Property type
    Retail properties
    Square Feet
    1,400 SF
    Lot Size
    17,424 SF

    Building Details

    Year Built
    2004
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Retail properties

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Hair Salon Auto Repair Shop Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Margate
    County
    Broward
    State
    Florida
    Longitude
    -80.20007
    Latitude
    26.24406

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    FAQs

    What type of property is this?
    Retail property - Margate, FL: Prime Retail Opportunity
    Where is this retail property located?
    The property is located at 5300 Coconut Creek Pkwy Margate, FL.
    What is the asking price?
    The asking price for this property is $1,100,000.
    (954) 966-8181
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    5300 Coconut Creek Pkwy Margate, FL 33063
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