Property summary
This exceptional 1,642 square foot warehouse flex space, built in 2005, is located in the well-maintained Banks Business Park in Margate, Florida (33063). The property boasts 22-foot ceilings, a concrete roof, and a large bay roll-up door, making it ideal for a variety of businesses. The single-story building includes a half bath and an open work area, perfect for both storage and operations. Two assigned parking spaces are provided, along with ample guest parking. The M-1A zoning allows for a wide range of uses, from warehousing to professional and trade services. This location offers easy access to major transportation routes, including the Turnpike, I-95, and US-441, placing your business within minutes of key arteries. The surrounding area is convenient, with nearby gas stations, restaurants, shopping centers, and other essential business services. The property is situated amongst complementary businesses, including home improvement contractors and medical suppliers, creating a synergistic business environment. This is a prime opportunity for businesses seeking to establish or expand their operations in a thriving location. The asking price for this well-maintained warehouse is $434,900.
Property profile
VerifiedCap rate & NOI
Value estimations
Owner & transaction history
Zoning & alternative use
The M-1A, industrial park district is intended to provide land for business and industry which expands the economic base of the City Permitted uses are intended to include those businesses and industries primarily involv…
Comparables
6 recent transactions · within 1.5 miComparable in this City
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Value estimation
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from $99/month
Cap rate
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from $99/month
Price sensitivity
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Property tax & assessments
Tax year 2023Property description
Physical attributes from public recordsZoning & alternative use
M-1A · Margate, FLThe M-1A, industrial park district is intended to provide land for business and industry which expands the economic base of the City Permitted uses are intended to include those businesses and industries primarily involv…
Zoning
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Zoning designation
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The district profile from the municipal source: what is on file for M-1A in Margate, FL.
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