214 Margate Ct
Margate, FL 33063
Industrial 6.78% CAP Stable Cash-Flow Blgd · Industrial Property For Sale

First time on the market in over 20 years. In-Place Actual NOI of $199k at 6.78% CAP Rate. This Small Bay Multi-Tenant property is comprised of five (5x) stable tenants with an average operating history of 16 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 and Miami-Dade Counties. In the Heart of downtown Margate. Convenient access to I-95 and Florida's Turnpike. Building currently has 5 units and can be divided into more units once leases are completed. 40 year recertification & environmental report available. There's a auto repair shop, a muffler shop, a body and paint shop, a transmission shop and a motor club . Sale includes lifts. Easy to show. Rare building, the city of Margate will not issue new automotive licenses and the area with similar warehouses has been selling for the past three months from 3.2million to 4 million.