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Property profile & analytics
OFF-MARKET
Lifestyle centers

2401-2403 State Road 7 Margate, FL 33063

6,466 SF 1.31 ac lot Built 1988
Property ID
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Lifestyle centers
Year built 1988
Total area 6,466 SF
Lot 1.31 ac (57,064 SF)
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
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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