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    Investment properties

    238 State Road 7, Margate, FL 33063

    Built 1968
    Property ID
    Property summary
    AI-generated overview

    This thriving tavern and pub located at 238 N State Road 7, Margate, FL, presents a fantastic business opportunity. The property boasts approximately 1000 square feet of interior space, complemented by an additional 400 square feet of outdoor patio area, perfect for enjoying the Florida weather. The establishment is fully equipped for immediate operation, including eight taps, a stand-up freezer, a smaller freezer, and an ice machine. Outdoor furniture is also included. A small kitchen is available, adding versatility to the business model. Detailed inventory of assets is available upon request. Currently operating successfully, this business benefits from its proximity to a major intersection, ensuring high visibility and foot traffic. The property is zoned for a 4 AM closing time, offering extended operating hours. The business model is easily managed by a sole proprietor with minimal staff, contributing to efficient operations. Low rent and operating expenses further enhance the profitability potential. This turnkey operation is ready for a new owner to step in and continue its success. This is an exceptional opportunity to acquire a well-established business in a desirable location with significant upside potential.

    Property profile
    Verified
    Property type Investment properties
    Year built 1968
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
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    CAP Approach CAP
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    Blend (final) Blend
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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