For Sale
$2,800,000

2401-2403 State Road 7Margate, FL 33063

Prime Retail/Industrial Investment

Overview

Added:
Dec 11, 2024
Days on market:
113
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.

Highlights

  • Owner financing available.
  • 60% immediately occupiable, remaining 40% available by February 2027; ideal for owner-users.
  • Ample parking: 7.88 spaces per 1,000 square feet.
  • Excellent medical adjacency to 289-bed HCA Northwest Medical Hospital.
  • Flexible zoning: allows medical, retail, residential, and nursery uses.
  • High visibility: over 250 feet of frontage on State Road 7 (441), with approximately 52,000 vehicles daily.

Property Details for 2401-2403 State Road 7

Property type
Lifestyle centers, Power centers
Square Feet
6,466 SF
Class
A
Year Built/Renovated
1988/2016
Buildings
1
Stories
1
Lot Size (sq. ft)
57,064 SF
Units
2

Location Insight

City
Margate
County
Broward
State
Florida
Latitude
26.257691631603
Longitude
-80.202122204672
2401-2403 State Road 7, Margate, Florida

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2401-2403 State Road 7
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