5300 Coconut Creek PkwyMargate, FL 33063

Property Details for 5300 Coconut Creek Pkwy

Year built

2004

Construction

CONCRETE

Lot size

0.40 AC

Property size (Sq ft)

470 SF

Zone code

TOC-G

Property type

Retail properties

Property subtype

Banks

APN

48-42-31-15-0016

APU

484231150016

Description

This exceptional freestanding retail property, located at 5300 Coconut Creek Pkwy in Margate, Florida (zip code 33063), presents a unique investment opportunity. The single-tenant building boasts 1,406 square feet of total space, all currently vacant, making it ideal for immediate occupancy. Built in 2004 and renovated in 2009, the structure features a 12-foot ceiling height and ample parking with six spaces available. The property sits on a 0.4-acre lot (17,444 square feet) and benefits from a favorable 4.09 building floor area ratio (FAR). Its zoning designation is TOC-G. The strategic corner location offers exceptional visibility, situated directly in front of a bustling shopping mall on a high-traffic thoroughfare. This prime location ensures significant exposure to a large customer base, making it particularly well-suited for businesses that could benefit from a drive-through option. The property's size and configuration are well-suited for a variety of retail uses. Property taxes are $0 per square foot. This is a rare opportunity to acquire a highly visible, well-located retail space with significant potential for growth.

• CAP approach

  CAP return

  Valuation

  6%

  $205,407

  6.5%

  $189,606

  7%

  $176,063

• Comparable approach

  Method

  Valuation

  Relative Method

  $349,895

  Geo Method

  $349,895

• Alternative Use

  Use

  Valuation

  Residential

  $159,940

  Hospitality

  $146,504

  Educational

  $121,890

  Medical

  $126,082

  Retail

  $189,606

Location Insight

City

Margate

County

Broward

State

Florida

Latitude

26.2441

Longitude

-80.2001

CBSA code

33100

CBSA name

MIAMI-FORT LAUDERDALE-MIAMI BEACH, FL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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