282 Fl-7 Margate, FL 33063
- Neighborhood centers
Current Use by Public Records
- Neighborhood centers
Property Details for 282 Fl-7
- Property type
- Neighborhood centers
- Property subtype
- Retail properties
Description
Margate Plaza, located at 282 FL-7, Margate, FL 33063, offers ±11,000 square feet of in-line retail space within a 13,335 square foot strip center. This single-tenancy space, formerly a thrift store, features existing retail racks and includes a small storage area and restroom. The property boasts excellent visibility from North State Road 7 (SR-7), a highly trafficked main road with over 54,500 vehicles passing daily. Its strategic location provides easy access to established markets including Coral Springs, Pompano Beach, Coconut Creek, and Deerfield Beach, and is minutes from the Florida Turnpike. The plaza is situated just south of the signalized intersection of West Atlantic Boulevard and North SR-7, surrounded by numerous residential communities and shopping centers. The property's TOC-C zoning allows for most retail uses and aligns with the City of Margate's plan for future improvements, including the nearby Margate City Center project, a planned 36-acre development featuring retail, dining, residential components, and public spaces. This development, less than a mile north, will further enhance the area's appeal and foot traffic. The property's location within three miles of Coconut Creek, Pompano Beach, North Lauderdale, and Margate ensures a strong regional presence and access to a diverse customer base. Built in 1969, Margate Plaza has a long-standing history of serving the local community. The existing tenant mix consists of service-related businesses, generating consistent foot traffic and daytime sales.
Value Estimation
-
CAP approach
-
Comparable approach
-
Alternative Use
Location Insight
- Map
- Local Demand
- City
- Margate
- County
- Broward
- State
- Florida
- Longitude
- -80.2045
- Latitude
- 26.2332
