167-227 State Road 7 Margate, FL 33068
This exceptional 43,798 square foot retail property, located at 167-227 S State Rd 7, Margate, FL 33068, presents a unique investment opportunity. Situated on 2.72 acres of land, the single-story building, constructed in 1957, boasts 81 parking spaces and is conveniently located near Southgate Boulevard. Currently, 5,000 square feet of space is available for lease, ideal for a variety of uses. The property's zoning is Corridor C, and its previous use was a bar/lounge, making it perfectly suited for an event space, bar, or lounge. The property is located in the Fairgate submarket, within the governor's walk cluster. The building features multiple tenancies, offering flexibility for various business models. This prime location in Margate, Florida offers high visibility and accessibility, making it an attractive proposition for businesses seeking a prominent presence in a thriving community. The substantial size of the available space provides ample room for creative design and layout, catering to a wide range of business needs. This is a rare opportunity to acquire a well-positioned retail property with significant potential for growth and profitability.
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
Similar Nearby for Lease
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.