1785 N State Road 7, Margate, FL 33063 — MLS photo

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1785 N State Road 7, Margate, FL 33063

Active · Business

$2,250,000

1785 N State Road 7, Margate, FL 33063

Beds
—
Baths
0
Living area
— sq ft
$ / sq ft
—
Year built
1972
Lot size
23,495 sq ft
HOA fee
—
Annual tax
$26,893

About this property

Freestanding restaurant property prominently positioned along the highly trafficked State Road 7 / US-441 corridor in Margate, Florida. The property features approximately 3,150 SF of interior space plus 1,170 SF of covered outdoor dining area with bar situated on a 23,495 SF lot with 100 feet of frontage and 34 parking spaces. Existing improvements include commercial kitchen infrastructure, hood system, walk-in cooler/freezer, indoor and outdoor bar areas, city gas service, backup generator, and newer roof installed in 2022. Strong visibility with traffic counts historically exceeding 50,000 vehicles daily. Convenient access to Florida Turnpike, I-95, surrounding retail corridors, national retailers, and dense residential communities. Zoned TOC-C (Transit Oriented Corridor – Corridor), allowing for a variety of commercial, restaurant, and retail opportunities. Currently operating as Jasmine Thai & Sushi, an established restaurant serving Margate and surrounding areas for more than 30 years, the property is well positioned for owner-user, investor, or restaurant operator.

Property location

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1785 N State Road 7, Margate, FL 33063

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Facts & features

Interior

Bathrooms
0
Flooring
Tile
Cooling
Central Air
Heating
Central, Electric

Exterior & Structure

Property type
Business
Year built
1972
Lot size
23,495 sq ft

Parking

Covered spaces
0
Parking features
Common

HOA, Community & Financials

Annual tax
$26,893
County
Broward
Days on market
2
MLS listing ID
A12026296
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

-$3,082

Cap rate
4.0%
Net yield
4.0%
Cash-on-cash return
-5.9%
Gross yield
6.6%
Mortgage payment
$10,666/mo
Down payment
$562,500
Loan amount
$1,687,500
Annual NOI
$91,007

Estimates only — includes 5% maintenance reserve and ~3% closing costs in cash invested. Verify taxes, HOA and insurance before making an offer.