2922 State Road 7 ,Retail for Sale

2922 State Road 7 for Sale

Price $7,250,000.00

• Lot size 57505
• Year Build 1972
• Waterfront
• Zip 33063
• Style
• Parking Description
• Pool Yes
• Status Active

Description

This prime investment property spans 20,714 SF on a 1.32-acre lot and includes 65 parking spaces. The shopping center features a total of 12 units, currently 49.31% occupied by four tenants. There is approximately 10,500 SF available, presenting an excellent opportunity for an owner-user or additional lease-up potential. This is an exceptional investment opportunity in a prime location. For further details, please refer to the enclosed offering memorandum. Please do not disturb the tenants.

MARGATE SHOPPES SUB 80-33 B TR A

This prime investment property spans 20,714 SF on a 1.32-acre lot and includes 65 parking spaces. The shopping center features a total of 12 units, currently 49.31% occupied by four tenants. There is approximately 10,500 SF available, presenting an excellent opportunity for an owner-user or additional lease-up potential. This is an exceptional investment opportunity in a prime location. For further details, please refer to the enclosed offering memorandum. Please do not disturb the tenants.

City:Margate,Zoning:TOC-C,List A O R:A-Miami Association of REALTORS,Latitude:26.2623927,List Price:7250000,Listing Id:A11697393,Longitude:-80.2015475,Mls Status:Active,Year Built:1972,Postal Code:33063,Street Name:State Road 7,Coordinates:1:26.2623927,Photos Count:1,Business Type:1:Shopping Center,Days On Market:117,Lot Size Units:Square Feet,M I A M I R E_ Area:3522,On Market Date:2024-11-20,Parcel Number:484219020010,Property Type:Commercial Sale,Street Number:2922,Public Remarks:This prime investment property spans 20,714 SF on a 1.32-acre lot and includes 65 parking spaces. The shopping center features a total of 12 units, currently 49.31% occupied by four tenants. There is approximately 10,500 SF available, presenting an excellent opportunity for an owner-user or additional lease-up potential. This is an exceptional investment opportunity in a prime location. For further details, please refer to the enclosed offering memorandum. Please do not disturb the tenants.,County Or Parish:Broward County,List Office Name:RE/MAX 5 Star Realty,Standard Status:Active,Living Area Units:Square Feet,Major Change Type:New,Postal Code Plus4:5700,Property Sub Type:Retail,State Or Province:FL,Street Dir Prefix:N,Tax Annual Amount:78855,Unparsed Address:2922 N State Road 7, Margate FL 33063,Listing Agreement:Exclusive Right To Sell,Building Area Total:20714,Building Area Units:Square Feet,Lot Size Square Feet:57505,Original List Price:7250000,Public Survey Range:48,I D X Participation Y N:1,Syndication Remarks:This prime investment property spans 20,714 SF on a 1.32-acre lot and includes 65 parking spaces. The shopping center features a total of 12 units, currently 49.31% occupied by four tenants. There is approximately 10,500 SF available, presenting an excellent opportunity for an owner-user or additional lease-up potential. This is an exceptional investment opportunity in a prime location. For further details, please refer to the enclosed offering memorandum. Please do not disturb the tenants.,Listing Contract Date:2024-11-20,Originating System I D:miamire,Public Survey Section:19,Showing Instructions:Appointment Only,Call Listing Office,Street Number Numeric:2922,Tax Legal Description:MARGATE SHOPPES SUB 80-33 B TR A,Public Survey Township:48,Originating System Name:Miami Association of REALTORS?,M I A M I R E_ Internet Remarks:20,714 SF on 1.32 acres, 65 parking spaces, 12 units, 49.31% occupied, 10,500 SF available. Prime location!,Contract Status Change Date:2024-11-20,Internet Address Display Y N:1,M I A M I R E_ Ok To Advertise List:No,Internet Entire Listing Display Y N:1,