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Margate Express Mart 715 N State Road 7 1,527 SF Retail Building Margate, FL 33063 $1,300,000 ($851.34/SF)
INVESTMENT HIGHLIGHTS
- Freestanding high street retail property with 62 feet of frontage on N State Road 7 (+/-56,000 vehicles per day) and on a corner lot
- Perfect for an owner-user looking to establish or expand their business in a proven retail corridor
- Adjacent to City of Margate 36+ acre redevelopment opportunity
- Surrounded by major national retailers including Walmart, Bank of America, Denny’s, and Amscot, which draw consistent daily traffic to the area
- Includes the opportunity to purchase an operating convenience store / Indian variety shop
EXECUTIVE SUMMARY
Triumphant Commercial Group is pleased to present for sale Margate Express Mart (the “Property”), located at 715 N State Road 7, Margate, FL 33063. This freestanding retail property offers 62 feet of frontage on N State Road 7, one of Broward County’s busiest commercial corridors, with approximately 56,000 vehicles passing daily.
The Property is ideal for an owner-user seeking to establish or expand operations nearby major national retailers including Walmart, Bank of America, Denny’s, and Amscot. The site is adjacent to the City of Margate’s 36-acre Mixed-Use Redevelopment Opportunity and lies within the CRA boundaries, qualifying businesses for the Commercial Property Improvement Grant Programs.
An established convenience store business is available separately for purchase, and operating as an Indian variety store featuring religious and devotional items, accessories, and more, with upside potential for revenue growth.
The Property is ideal for an owner-user seeking to establish or expand operations nearby major national retailers including Walmart, Bank of America, Denny’s, and Amscot. The site is adjacent to the City of Margate’s 36-acre Mixed-Use Redevelopment Opportunity and lies within the CRA boundaries, qualifying businesses for the Commercial Property Improvement Grant Programs.
An established convenience store business is available separately for purchase, and operating as an Indian variety store featuring religious and devotional items, accessories, and more, with upside potential for revenue growth.
PROPERTY FACTS
Sale Type
Owner User
Property Type
Retail
Property Subtype
Freestanding
Building Size
1,527 SF
Building Class
C
Year Built
1988
Price
$1,300,000
Price Per SF
$851.34
Tenancy
Single
Building Height
1 Story
Building FAR
0.18
Lot Size
0.20 AC
Zoning
TOC-C - TOC-C(Transit Oriented Corridor—Corridor) zoning, presenting a valuable
opportunity for diverse tenant uses.
Parking
10 Spaces (6.55 Spaces per 1,000 SF Leased)
Frontage
AMENITIES
- Corner Lot
- Fenced Lot
- Freeway Visibility
Walk Score®
Very Walkable (80)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 48-41-36-06-0200 | Improvements Assessment | $361,790 |
| Land Assessment | $90,380 | Total Assessment | $452,170 |
PROPERTY TAXES
Parcel Number
48-41-36-06-0200
Land Assessment
$90,380
Improvements Assessment
$361,790
Total Assessment
$452,170
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Margate Express Mart | 715 N State Road 7
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