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    282 Sr 7 Margate, FL 33063

    For Sale
    Contact for pricing

    High-visibility retail space in thriving Margate Plaza.

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    315
    This exceptional retail opportunity presents 1,100 square feet of inline, dry space within the bustling Margate Plaza. Previously occupied by a thrift store, the space features existing retail racks ideal for merchandising, along with a convenient storage area and restroom. Located on N SR-7, the property boasts excellent visibility and strong local appeal, serving a significant family-oriented customer base. The plaza's tenant mix includes various service-related businesses, ensuring consistent foot traffic and daytime sales opportunities. This prime location benefits from its proximity to a significant redevelopment project. Less than a mile north, the Margate Community Redevelopment Agency (CRA) is developing a 36-acre "town center" encompassing several existing shopping plazas, including the former Swap Shop property, Ace Hardware Plaza, and Chevy Chase shopping plaza. This ambitious project promises to further enhance the area's economic vitality and attract even more customers to the surrounding businesses. The asking price for this well-positioned retail space is $24 million. The property is offered as-is. The lot size is 0 acres.

    Property Features for 282 Sr 7

    General Information

    Property type
    Retail properties
    Property Profile Location Intelligence

    Current Use by Public Records

    Retail properties

    Map

    City
    Margate
    County
    Broward
    State
    Florida
    Longitude
    -80.20435
    Latitude
    26.23307

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    FAQs

    What type of property is this?
    Retail property - High-visibility retail space in thriving Margate Plaza.
    Where is this retail property located?
    The property is located at 282 Sr 7 Margate, FL.
    What is the asking price?
    The asking price for this property is $24.
    (954) 372-7280
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    282 Sr 7 Margate, FL 33063
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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
    282 Sr 7 Margate, FL 33063
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