2501 State Road 7Margate, FL 33063
- Mixed-use properties
- 26,520 SF
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
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
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
FAQs
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