Sold
214 Margate Ct
Margate FL, 33063
$2,900,000
$171.19 per sqft
Sold
16,940 sqft
Commercial
Built in 1978
In-Place Actual NOI at 6.78% 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.
A10931955
MLSⓇ ID
July 13, 2019
Listed
February 10, 2024
Updated
Map
214 Margate Ct
Margate FL, 33063
Interior Features
Total Stories
1
Floor Description
Concrete, Vinyl
Fireplace
No
Cooling
Yes
Cooling Description
Central Building A/C
Heating
Yes
Heating Description
Central Electric
Exterior/Building Features
Lot Size
1.1 Acres
Lot Features
Central Business District
Roof
Other
Sewer
Public Sanitation
Other Property Details
Taxes
$31,216
Tax Frequency
Annually
Days on Market
980
Garage
No
Parking
Assigned, Common
Parking Total
47
View
No
County
Broward County
Water Source
Public
Pool
No
Waterfront
Yes
Zoning
B-3
Buyer Agency Compensation
2.5%
Listing History
Date | Event | Price |
|---|---|---|
11/10/2023 | Sold | $2,900,000 |
Listed by: Elite Team Real Estate Inc
Listing Contact: 754-214-5573
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Data last updated 1:45 AM UTC, 2/10/2024.