282 Sr 7 Margate, FL 33063
- Retail properties
Current Use by Public Records
- Retail properties
Property Details for 282 Sr 7
- Property type
- Retail properties
Description
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.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Margate
- County
- Broward
- State
- Florida
- Longitude
- -80.2044
- Latitude
- 26.2331
