$2,900,000
$2,900,000
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214 Margate Ct Margate, FL 33063
16,940 SqFt
Key Details
Sold Price $2,900,000
Property Type Commercial
Sub Type Industrial
Listing Status Sold
Purchase Type For Sale
Square Footage 16,940 sqft
Price per Sqft $171
MLS Listing ID A10931955
Sold Date 05/13/22
Style Detached
HOA Y/N Yes
Year Built 1978
Annual Tax Amount $31,216
Tax Year 2019
Contingent No Contingencies
Lot Size 1.100 Acres
Acres 1.1
Property Sub-Type Industrial
Property Description
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.
Location
State FL
County Broward County
Area 3524
Direction Located 1 block south of Atlantic Blvd. And east of St. Rd. 7.
Interior
Heating Central, Electric
Cooling Central Air
Flooring Concrete, Vinyl
Exterior
Waterfront Description Canal Front,Intersecting Canal
Roof Type Other
Total Parking Spaces 47
Private Pool Yes
Building
Story 1
Sewer Public Sewer
Water Public
Architectural Style Detached
Level or Stories One
Structure Type Block
Others
Tax ID 484136040090
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Financing Cash
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Bought with Related ISG Realty, LLC.