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    2922 State Road 7 Margate, FL 33063

    Sponsored
    For Sale
    $7,250,000

    Prime Margate Retail, High Potential

    Property size:
    20,714 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    339
    This exceptional Margate, Florida retail investment opportunity encompasses a 20,714 square foot shopping center situated on a 1.32-acre lot. The property boasts 65 parking spaces, providing ample convenience for customers and tenants. The center is comprised of twelve individual units, currently showing a 49.31% occupancy rate with four existing tenants. A significant portion of the property, approximately 10,500 square feet, is currently available for lease, presenting a compelling opportunity for an owner-user or an investor seeking to increase occupancy and rental income. The property's prime location in Margate offers excellent visibility and accessibility, making it an attractive destination for businesses and shoppers alike. This presents a strong investment opportunity with significant upside potential through lease-up of the vacant space. The property is offered at $7,250,000. Detailed financial information and further specifics are available upon request. Please respect the privacy of existing tenants and refrain from direct contact.

    Property Features for 2922 State Road 7

    General Information

    Property type
    Retail properties
    Square Feet
    20,714 SF
    Lot Size
    57,499 SF

    Building Details

    Year Built
    1972
    Location Intelligence

    Current Use by Public Records

    Retail properties

    Map

    City
    Margate
    County
    Broward
    State
    Florida
    Longitude
    -80.201
    Latitude
    26.26213

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    FAQs

    What type of property is this?
    Retail property - Prime Margate Retail, High Potential
    Where is this retail property located?
    The property is located at 2922 State Road 7 Margate, FL.
    What is the asking price?
    The asking price for this property is $7,250,000.
    (954) 361-0000
    Request Owner's contact information
    2922 State Road 7 Margate, FL 33063
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    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
    2922 State Road 7 Margate, FL 33063
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