6810 7th St Margate, FL 33068-2404
- Assisted living facilities
- 19,565 SF
- 1.39 lot acres
Current Use by Public Records
- Caring Village of Margate / Assisted Living Facility
Property Details for 6810 7th St
- Year built
- 1972
- Construction
- CONCRETE
- Lot size
- 1.39 lot acres
- Property size
- 19,565 SF
- Zone code
- R-3
- Property type
- Assisted living facilities
- Property subtype
- Retirement homes
- APN
- 49-41-01-09-1770
- APU
- 494101091770
Description
This exceptional 27,408 square foot assisted living and memory care facility in Margate, Florida, presents a lucrative investment opportunity. Located at 6810 SW 7th St, the property offers a comprehensive range of services designed to meet the growing needs of the senior population. The facility boasts secure memory care units, providing a safe and supportive environment for residents with cognitive impairments. In addition to specialized memory care, the property includes amenities such as therapy services, an on-site beautician, and inviting common areas to foster socialization and engagement. A structured activity program is in place to enrich the lives of residents and promote their well-being. This turnkey operation is poised for continued success, capitalizing on the increasing demand for high-quality senior care in a vibrant community. The asking price for this exceptional investment opportunity is $14,000,000. The property is situated on a 0-acre lot and offers a significant return on investment potential within the thriving senior living market. This is a rare chance to acquire a well-established and profitable business in a desirable location. The facility is fully equipped and ready for immediate operation, minimizing the need for significant capital expenditures. This presents a compelling opportunity for investors seeking a stable and rewarding investment in the growing senior care sector.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $520,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $535,000
- 6.5%
- $535,000
- 7%
- $560,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $525,000
- Geo Method
- $535,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $525,000
- Retail
- $545,000
- Mixed-Use
- $645,000
- Hospitality
- $525,000
- Educational
- $640,000
- Residential Income
- $560,000
- Energy
- $530,000
- Income-Based Land
- $500,000
- Food Service
- $640,000
Location Insight
- Map
- Local Demand
- City
- Margate
- County
- Broward
- State
- Florida
- Longitude
- -80.2192
- Latitude
- 26.2223
- CBSA code
- 33100
- CBSA name
- MIAMI-FORT LAUDERDALE-MIAMI BEACH, FL METROPOLITAN STATISTICAL AREA
