2922 N State Road 7, Margate, FL 33063

$7,250,000

Virtual Tour

https://www.propertypanorama.com/instaview/mia/A11697393

Property Type: Commercial Sale Square Footage: 20,714 Status: Active

Current Price: $7,250,000 List Date: 11/20/2024 Last Modified: 7/10/2026

Overview

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.

Listing Details MLS# A11697393

General Property Information

Property Sub Type: Retail
Occupant Type: Tenant
Building Area Main: 20714
Year Built: 1972
Lot Size Area: 57505
Lot Size Acres: 1.32

Property Features

Business Type: Retail Location of Property: Shopping Center Structure Type: Retail Showing Requirements: Appointment Only

Contract Information

Comp Sale YN: No
Original List Price: 7250000

Location and Legal

Country: United States
County Or Parish: Broward
County Parish Name: Broward
Street Number: 2922
Street Direction Prefix: N
Street Name: State Road 7
City Name: Margate
State Or Province: FL
Postal Code: 33063
Postal Code +4: 5700
Area: 3631
Geographic Area: NE41 - North Broward Turnpike To 441 (3511-3524)
Parcel Number: 484219020010
Subdivision Number: 2
Zoning: TOC-C
Flood Zone: X

Financial Information

Tax Annual Amount: 78855
Tax Legal Description: MARGATE SHOPPES SUB 80-33 B TR A

Status Change Information

Major Change Timestamp: 2024-11-20T17:05:37Z
Major Change Type: New Listing
Status Change Date: 2024-11-20

More Information

Price Calculations

Current Price To SqFt: 350

Section Details

Parcel Number MLX: 0010

Originating Details

Originating System Key: 403629627
Originating System ID: M00000151

Office/Member Information

DXORIGMLSID: SEF

Structure Type

Retail: Yes

Location of Property

Shopping Center: Yes

Business Type

Retail: Yes

Showing Requirements

Appointment Only: Yes

Listing Office: RE/MAX 5 Star Realty

Last Updated: July - 10 - 2026

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