2401-2403 State Road 7 Margate, FL 33063

Property Details for 2401-2403 State Road 7

Year built

1988

Lot size

1.31 lot acres

Property size

6,466 SF

Property type

Lifestyle centers

Property subtype

Power centers

Description

This exceptional 6,466 square foot shopping center in Margate, Florida, presents a compelling owner-user opportunity. Located on a 1.31-acre lot with 51 parking spaces, this Class A property boasts high visibility on North State Road 7 (US-441), with over 265 feet of frontage and daily traffic exceeding 52,000 vehicles. Built in 1988 and renovated in 2016, the single-story building features two units totaling 6,466 square feet. The northern unit (approximately 4,000 sq ft) is currently leased to Suburban Propane with a 30-day landlord termination option, while the southern unit (approximately 2,500 sq ft), occupied by Anne Marie's Pizza Co., offers a spacious dining area and patio. The property's TOC-C zoning allows for diverse uses, including retail, medical, residential, and even vehicle dealerships or nurseries. Its proximity to HCA Northwest Medical Center, a 289-bed hospital, and other major retailers like Best Buy and Walmart, ensures high traffic and strong potential. The asking price is $2,800,000 ($433.03/sq ft). The property includes a 1,000 square foot warehouse space with a grade-level roll-up door and a monument sign. This investment offers significant potential for an owner-user seeking a strategic location in a thriving market within the Fort Lauderdale MSA. The property also benefits from its proximity to several suburban neighborhoods, including Coral Springs, Coconut Creek, Pompano Beach, and Margate, serving a population of 156,000 within a 3-mile radius. Additional amenities include a large parking field ideal for businesses with significant parking needs.

Location Insight

City

Margate

County

Broward

State

Florida

Longitude

-80.2021

Latitude

26.2577