1360 State Road 7Margate, FL 33063

Property Details for 1360 State Road 7

Year built

1985

Construction

CONCRETE

Lot size

6.62 AC

Property size (Sq ft)

67,714 SF

Zone code

TOC-C

Property type

Retail space

APN

48-42-30-04-0011

APU

484230040011

Description

Invest in this exceptional opportunity at Trizek Village Plaza, a single-story, 67,714 square foot retail center located at 1360 N State Rd 7, Margate, FL 33063, in Broward County. This Class B property, built in 1986, sits on a spacious 288,375 square foot lot and features 21 suites across one building. Three retail spaces are currently available, ranging from 2,418 to 4,782 square feet. The property boasts a convenient location on State Road 7 (441), just south of Royal Palm Boulevard, ensuring high visibility and accessibility. Space #1360 (4,782 sq ft) is an end cap with prominent 441 road frontage signage, ideal for businesses requiring high visibility, such as a gym or dance studio. Space #1388 (4,298 sq ft) is a former sports bar with a full-service bar, kitchen, and stage, perfect for a similar concept or a repurposed entertainment venue. Finally, space #1454 (2,418 sq ft), a former Dunkin' Donuts, offers an open seating area, a large kitchen, and prep areas, making it suitable for a deli, catering business, or coffee shop. The property's diverse tenant mix creates a vibrant and thriving commercial environment. The property has no elevators. APN is 484230040011.

• CAP approach

  CAP return

  Valuation

  6%

  $29,593,452

  6.5%

  $27,317,032

  7%

  $25,365,816

• Comparable approach

  Method

  Valuation

  Relative Method

  $50,410,256

  Geo Method

  $50,410,256

• Alternative Use

  Use

  Valuation

  Residential

  $23,042,938

  Hospitality

  $21,107,208

  Educational

  $17,560,950

  Medical

  $18,164,898

  Retail

  $27,317,032

Location Insight

City

Margate

County

Broward

State

Florida

Latitude

26.2476

Longitude

-80.2003

CBSA code

33100

CBSA name

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

Property Tax & Assessments

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