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Property profile & analytics
OFF-MARKET
Retail properties & Spaces

282 Sr 7 Margate, FL 33063

Property ID
Property summary
AI-generated overview

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 profile
Verified
Property type Retail properties & Spaces
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
AI Approach AI
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CAP Approach CAP
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Comparable Approach Comparable
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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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