This Land Property is no longer advertised on LoopNet.com.

7504 N State Road 7
Coconut Creek, FL 33073
Land For Sale · 0.82 AC

Investment Highlights

  • One of Very Few Parcels Zoned for Medical Marijuana and Cannabis Retail in Coconut Creek
  • Regularly Shaped Site and Prime Location for QSR or Retailer With Drive Through
  • Flexible Ownership Willing To Consider All Reasonable Offers and Terms
  • Sits at Border of Coconut Creek, Parkland, and Boca Raton, with daily car count exceeding 53k
  • Liberal Commercial Zoning Allows For a Wide Array of Uses
  • Property adjacent to the East is also available for sale, which would allow a developer to assemble 3 full acres for development.

Property Facts

Property Type Land
Property Subtype Commercial
Proposed Use
Commercial
  • Retail
  • Office
  • Apartment Units
  • Auto Dealership
  • Auto Repair
  • Bank
  • Carwash
  • Convenience Store
  • Daycare Center
  • Drugstore
  • Fast Food
  • General Freestanding
  • Healthcare
  • Hold For Development
  • Hold For Investment
  • Medical
  • Rehabilitation Center
  • Restaurant
  • Self Storage
  • Service Station
  • Veterinarian or Kennel
  • Agribusiness
Total Lot Size 0.82 AC
Zoning Medical Services Overlay

Description

Extremely rare opportunity to purchase or lease a regularly shaped development parcel in the thriving retail corridor of Coconut Creek. With more that 53k cars passing the site each day, the parcel sits at the borders of Coconut Creek, Parkland, and Boca Raton. The property has the very unique designation of Coconut Creek's Medical Services Overlay District, which fully allows for the development and operation of medical marijuana treatment centers and cannabis dispensaries. However, medical use is not a requirement of the site and a QSR with drive-thru or a freestanding retail building would also be an optimal use with direct visibility from highly commercial corridor. The site was previously approved for a discount automotive parts retailer, and subsequently for a 3-story executive office building, but both concepts have been abandoned for a single tenant operator interested in taking advantage of the prime location and huge traffic count past the site. Property adjacent to the East is also available for sale, which would allow a developer to assemble 3 full acres for development. Build to suit will or ground lease will be considered, but a direct sale is preferred. Bring all offers.

Property Taxes

Property Taxes

Parcel Numbers
Multiple
  • 47-42-31-30-0010
  • 47-42-31-30-0020
Land Assessment
$1,427,530
Improvements Assessment
$0
Total Assessment
$1,427,530
  • Listing ID: 21883991

  • Date on Market: 1/3/2021

  • Last Updated:

  • Address: 7504 N State Road 7, Coconut Creek, FL 33073

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