Interior
- Bathrooms
- 0
Active · Retail
$7,250,000
2922 N State Road 7, Margate, FL 33063
- Beds
- —
- Baths
- 0
- Living area
- — sq ft
- $ / sq ft
- —
- Year built
- 1972
- Lot size
- 57,505 sq ft
- HOA fee
- —
- Annual tax
- —
About this property
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.
Property location
Get Directions2922 N State Road 7, Margate, FL 33063
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Facts & features
Exterior & Structure
- Property type
- Retail
- Year built
- 1972
- Lot size
- 57,505 sq ft
Parking
Not provided in the MLS listing.
HOA, Community & Financials
- County
- Broward
- MLS listing ID
- A11697393
- Listing status
- Active
Investment intelligence
Yield & ROI calculator
Pre-filled from this listing's price, HOA and tax record. Adjust anything to see returns update instantly.
Estimated monthly cash flow
-$14,190
- Cap rate
- 3.3%
- Net yield
- 3.3%
- Cash-on-cash return
- -8.4%
- Gross yield
- 6.6%
- Mortgage payment
- $34,369/mo
- Down payment
- $1,812,500
- Loan amount
- $5,437,500
- Annual NOI
- $242,150
Estimates only — includes 5% maintenance reserve and ~3% closing costs in cash invested. Verify taxes, HOA and insurance before making an offer.