1785 State Road 7Margate, FL 33063

Property Details for 1785 State Road 7

Year built

1972

Property size (Sq ft)

4,320 SF

Property type

Retail properties

Property subtype

Other retail properties

Description

This exceptional opportunity presents a well-established and profitable Thai and Sushi restaurant in Margate, Florida. Located on a high-traffic stretch of State Road 7 (441), boasting a daily traffic count of 52,500 vehicles, this 4,320 square foot restaurant sits on a 23,495 square foot lot and offers 150 seats. The property includes a 3,150 square foot interior and a 1,170 square foot covered exterior garden area, both featuring full liquor bars. The business has a proven track record, generating approximately $2 million in gross revenue in 2022, and has operated successfully for over 30 years. The sale includes the real estate, business, furniture, equipment, inventory, and a transferable SRX liquor license. The building, constructed in 1972, features a new roof (installed in 2022) and a backup generator. The property is zoned TOC-C (Transit Oriented Corridor-Corridor) and includes 34 parking spaces. The asking price is $2,800,000, with a price per square foot of $648.15. The seller may consider a lease-back option. Conveniently located approximately 2.5 miles from the Florida Turnpike, 5 miles from I-95, and 8 miles from the beach, this turnkey operation offers significant potential for continued growth and profitability.

Location Insight

City

Margate

County

Broward

State

Florida

Latitude

26.2491

Longitude

-80.2017

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