282 Sr 7 Margate, FL 33063
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.