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214 Margate Ct

Margate, FL 33063
  • $2,900,000
  • STATUS: Closed
  • ON SITE: 684 Days
  • MLS #: A10931955
Sold - 05/13/2022
$2,900,000
SOLD - 05/13/2022
  • 0
    BEDS
  • 1.1
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Type:
Commercial
Built:
1978
County:

School Ratings & Info

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.

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Copyright 2022, Participating Associations/MLS’s in the SEFMLS, MIAMI Association of REALTORS, Realtor Association of Greater Ft. Lauderdale, South Broward Board of Realtors. All rights reserved. The data relating to real estate for sale on this web site comes in part from the participating Associations/MLS’s in the Southeast Florida Regional Multiple Listing Service cooperative agreement, MIAMI Association of REALTORS, Realtor Association of Greater Ft. Lauderdale, South Broward Board of Realtors. The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed. Copyright 2022, Participating Associations/MLS’s in the SEFMLS, MIAMI Association of REALTORS, Realtor Association of Greater Ft. Lauderdale, South Broward Board of Realtors. All rights reserved. Use of search facilities of data on the site, other than a consumer looking to purchase real estate, is prohibited. Data last updated 2022-08-09T23:51:16.16.
www.ewm.com/homes/110335251
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214 Margate Ct Margate, FL 33063

  • Price: $2,900,000
  • Status: Closed
  • On Site: 684 Days
  • Updated: 212 min ago
  • MLS #: A10931955
0
Beds
0
Baths
0
½ Baths
1.1
Acres
1978
Built
County:
Broward
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.
Exterior Features

Construction Materials Concrete Block ConstructionInsulated Inclusions Building & LandLeasesMachineryEquipmentLeasesMachinery Lot Features Central Business District Parking Features AssignedCommon Parking Total 47 Pool Private YN No Roof Other View YN No Waterfront Features Canal FrontCanal Waterfront YN Yes

Interior Features

Building Area Total 16940 Building Features Automobile TrafficHeavy TrafficLobbyOfficeOwner Help AccommodatePedestrian TrafficPrivate RestroomsPublic RestroomsRear AccessReception AreaShowroomStorage Cooling Central Building A/C Flooring ConcreteVinyl Heating Central Electric Heating YN Yes Stories 1

Property Features

Association Fee 0 Association YN No Business Type Automotive Cooling YN Yes Documents Available Books & RecordsEnvironment StudyEquipment InventoryCopy Of Lease(S)Rent RollsExisting Survey Electric 101-200 Amps3 Phase ElectricSeparate Meters Horse YN No Listing Terms All CashConventional/Refinance New Construction YN No Property Sub Type Industrial Public Survey Section 36 Security Features Other Fire ProtectionMotion DetectorSecurity LightsSecurity System Senior Community YN No Sewer Public Sanitation Special Listing Conditions Sale Structure Type CommercialIndustrialFree Standing Tax Annual Amount 31216 Tax Year 2019 Tenant Pays ElectricityInterior MaintenanceTelephoneSales TaxTrash CollectionWater Water Source Public Zoning B-3

Listing courtesy of Elite Team Real Estate Inc.


Copyright 2022, Participating Associations/MLS’s in the SEFMLS, MIAMI Association of REALTORS, Realtor Association of Greater Ft. Lauderdale, South Broward Board of Realtors. All rights reserved. The data relating to real estate for sale on this web site comes in part from the participating Associations/MLS’s in the Southeast Florida Regional Multiple Listing Service cooperative agreement, MIAMI Association of REALTORS, Realtor Association of Greater Ft. Lauderdale, South Broward Board of Realtors. The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed. Copyright 2022, Participating Associations/MLS’s in the SEFMLS, MIAMI Association of REALTORS, Realtor Association of Greater Ft. Lauderdale, South Broward Board of Realtors. All rights reserved. Use of search facilities of data on the site, other than a consumer looking to purchase real estate, is prohibited. Data last updated 2022-08-09T23:51:16.16.
 
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Berkshire Hathaway HomeServices EWM Realty
201 Alhambra Circle #1060
Coral Gables FL, 33134