Park Plaza Retail Center 2401-2403 N State Road 7 6,466 SF 100% Leased Retail Building Margate, FL 33063 $2,600,000 ($402.10/SF)
INVESTMENT HIGHLIGHTS
- Newly constructed ±6,500 SF multi-tenant retail plaza
- ±1.31-acre lot with 51 parking spaces (7.8/1,000 SF ratio) - Zoned for retail, residential, and medical uses
- Monument sign for enhanced visibility and exposure
- Two units: ±4,000 SF (north) & ±2,500 SF (south)
- 265 feet of frontage along North State Road 7 (US-441)
- High-traffic location with over 52,000 vehicles per day - Surrounded by national retailers and major attractions
EXECUTIVE SUMMARY
Lee & Associates presents Park Plaza, a newly renovated ±6,500-square-foot multi-tenant retail plaza in Margate, Florida. This prime property features two rentable units: a ±4,000-square-foot northern unit and a ±2,500-square-foot southern unit. Zoned for a wide range of retail and medical uses ideal for an investment property or an owner-user. The plaza is situated on a spacious ±1.31-acre lot with ample parking, offering 51 spaces and an impressive parking ratio of 7.8/1,000 square feet. Boasting 265 feet of frontage along North State Road 7 (US-441), the property enjoys exceptional visibility with over 52,000 vehicles passing by daily. A monument sign further enhances exposure, making it an outstanding opportunity for businesses seeking a high-traffic location.
Located near major suburban communities such as Coral Springs, Coconut Creek, Pompano Beach, and Margate, the property benefits from strong consumer demand. Its proximity to high-traffic destinations like Seminole Casino Coconut Creek and The Promenade at Coconut Creek, as well as established national retailers—including Best Buy, Burlington, Walmart, Wawa, and multiple quick-service restaurants—Park Plaza offers an exceptional opportunity for businesses seeking to establish or expand in a dynamic commercial corridor.
Located near major suburban communities such as Coral Springs, Coconut Creek, Pompano Beach, and Margate, the property benefits from strong consumer demand. Its proximity to high-traffic destinations like Seminole Casino Coconut Creek and The Promenade at Coconut Creek, as well as established national retailers—including Best Buy, Burlington, Walmart, Wawa, and multiple quick-service restaurants—Park Plaza offers an exceptional opportunity for businesses seeking to establish or expand in a dynamic commercial corridor.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
6,466 SF
Building Class
B
Year Built/Renovated
1988/2016
Price
$2,600,000
Price Per SF
$402.10
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.11
Lot Size
1.31 AC
Zoning
TOC-C - Transit Oriented Corridor-City Center
Parking
51 Spaces (7.89 Spaces per 1,000 SF Leased)
Frontage
265’ on Sr-7
AMENITIES
- Freeway Visibility
- Monument Signage
- Air Conditioning
MAJOR TENANTS Click Here to Access
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE TYPE
- LEASE END
- Salsa Fresca Grill
- Accommodation and Food Services
- -
- -
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Jan 0000
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE TYPE | LEASE END | |
| Salsa Fresca Grill | Accommodation and Food Services | - | - | Lorem Ipsum | Jan 0000 |
SPACE AVAILABILITY
- SPACE
- SIZE
- SPACE USE
- POSITION
- AVAILABLE
Newly renovated retail plaza offering 3,922 SF suite available for lease. The space provides exceptional signage options with frontage and exposure to high traffic counts alongs N State Rd 7 (US-441) seeing over 52,000 vehicles per day. The property also provides great customer and employee parking with a ratio of 7.8/1,000 square feet. This building is also available for Sale.
| Space | Size | Space Use | Position | Available |
| 2403 | 3,922 SF | Retail | - | 90 Days |
2403
| Size |
| 3,922 SF |
| Space Use |
| Retail |
| Position |
| - |
| Available |
| 90 Days |
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 48-41-24-01-0010 | Improvements Assessment | $661,640 |
| Land Assessment | $637,100 | Total Assessment | $1,298,740 |
