2401-2403 State Road 7 Margate, FL 33063
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.
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.