2501 State Road 7Margate, FL 33063

  • Mixed-use properties
  • 26,520 SF
For Sale
$90,000 View listing

Property Details for 2501 State Road 7

Year built
1974
Construction
CONCRETE
Lot size
1.41 AC
Property size (Sq ft)
26,520 SF
Zone code
TOC-C
Property type
Mixed-use properties
Property subtype
Other investment properties
APN
48-41-24-01-0020
APU
484124010020

Description

This thriving convenience store, located at 2501 N State Road 7 in Margate, Florida (zip code 33063), presents a unique investment opportunity. Built in 1974, this established business boasts a loyal customer base and consistent foot traffic due to its prime location within a mixed residential and commercial area. The property includes land and a retail building, offering a diverse customer base of both local residents and tourists. Financial records demonstrate consistent revenue and profitability. The sale includes all existing equipment and staffing. Importantly, the sale also includes valuable licenses for beer, wine, tobacco, and lottery sales, adding significant revenue streams. This "one-stop shop" caters to the local community with a wide variety of products, ensuring continued success. The asking price for this turnkey operation is $90,000. This is a rare opportunity to acquire a profitable, established business in a desirable location. The property is situated in Broward County and benefits from high visibility and a steady stream of customers. Serious inquiries only.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $9,443,205
    6.5%
    $8,716,805
    7%
    $8,094,176
  • Comparable approach

    Method
    Valuation
    Relative Method
    $11,308,852
    Geo Method
    $11,308,852
  • Alternative Use

    Use
    Valuation
    Residential
    $8,716,805
    Hospitality
    $7,984,546
    Educational
    $6,643,048
    Medical
    $6,871,514
    Retail
    $10,333,631
2501 State Road 7, Margate, Florida

Location Insight

City
Margate
County
Broward
State
Florida
Latitude
26.2591
Longitude
-80.2021
CBSA code
33100
CBSA name
MIAMI-FORT LAUDERDALE-MIAMI BEACH, FL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$63,035
$737,580
$1,763,200
$2,500,780
-
$737,580
$1,763,200
$2,500,780

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