USD 2,900,000

214 Margate Ct
Margate, Florida 33063

Beds
Baths 0

Property Description

In-Place Actual NOI at 6.77% CAP Rate. This Small Bay Multi-Tenant property is comprised of five (5x) stable tenants with an average operating history of 20 years at the site. The tenant mix includes essential businesses such as auto care and specialty niche services, and has remained operational throughout the pandemic. 40 Year Certification Completed. The site's TOC-C -TRANSIT-ORIENTED CORRIDOR Zoning may allow for Value-Add redevelopment potential. Great investment opportunity to own your automotive free standing building on almost 17,000 SF building, built on more than an acre lot. Situated next to St. Rd. 7 (441) with heavy traffic. Geographically convenient to Broward, Palm Beach & Miami-Dade Counties. In the Heart of downtown Margate. Convenient access to I-95 & Florida's Turnpike.

Listed by Elite Team Real Estate Inc

Property Details

ID #
A10931955
Status
Sale
Type
Commercial, Industrial
Zip Code
33063
Lot Area
47,916ft2
Year Built
1978
Parking Spaces
47
Building Feature
Air Conditioning, Lobby, Security system
Ground Feature
Waterfront
Water Source
City/mains water
Septic
City sewer
Ceiling
Exposed, Insulated
Construction
Concrete Block Construction
Electric Service
101-200 Amps, 3 Phase Electric, Separate Meters
Floor
Concrete Floors, Vinyl Floors
Location
Central Business District
Occupancy
Call Listing Agent
Parking
Assigned Parking, Common Parking
Road Type
Two Lane
Security
Motion Detector, Security Lighting
Type of Building
Automotive, Free Standing
Utilities
Internet
Water Front
Canal Front
Zoning Information
B-3
Miscellaneous
Automobile Traffic, City Licenses, County Licenses, Heavy Traffic, Occupational Licenses, Owner Help Accommodate, Pedestrian Traffic, Private Restrooms, Public Restrooms, Rear Access, Reception Area, Showroom, Storage

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