2501 State Road 7Margate, FL 33063

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

Investment properties

Property subtype

Retail residential 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.

• 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

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