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.

Features

Heating System : Central Electric

Cooling System : Central Building A/c

Parking : 47

Building Features : Pedestrian Traffic, Heavy Traffic, Lobby, Private Restrooms, Reception Area, Rear Access, Storage, Automobile Traffic, Office, Showroom, Public Restrooms, Owner Help Accommodate

Electric : 101-200 Amps, 3 Phase Electric, Separate Meters

Flooring : Vinyl, Concrete

Lot Features : Central Business District

Parking Features : Assigned, Common

Roof : Other

Security Features : Security System, Other Fire Protection, Security Lights, Motion Detector

Sewer : Public Sanitation

Waterfront Features : Canal Front, Canal

Address Details

State : FL

County : Broward County

City : Margate