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401 N State Rd 7 Margate, FL $ 2,950,000
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$ 2,950,000 Get more info
401 N State Rd 7
$ 2,950,000
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401 N State Rd 7

Margate, FL
$ 2,950,000
Bedrooms-- Baths-- Sq 7,860

Monthly Estimate*

$ 18,164

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Commercial Property for sale in Margate, FL

for $2,950,000. This 7,860 square foot building was built in 1975 on a lot size of 0.53.

Prime South Florida Investment Opportunity! Small Bay Retail Building located in Margate, Florida on 441 / Atlantic Blvd 401-417 is an 8 unit freestanding retail building fronting a major thoroughfare between in NW Broward County. The units are all around 1,000 sqft making them easy rentals with minimal downtime between tenants. The property sit on a .53 acre corner lot and has been family owned and managed since 2002. Stable long term tenancy with a solid mix of tenants including the Army National Guard, Big Daddy's Pizza, and Metro/TMobile, and the Margate Cobbler (a tenant for 30+ years). Well managed property with minimal maintenance and carrying costs. Roof 2022. Building Recertification Inspection 2025

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Commercial Contingent

Price

$ 2,950,000

Property Type

Commercial

Taxes

$ 26,398

Style

Lot Size

0.53

Year Built

1975

Town/City

Margate

County/Region

Broward

MLS | Web ID

B26005353
Features
General
Sewer Public Sewer
Heating Central Individual
Cooling Central Air
Utilities Other
Possession Close Of Escrow Subject To Tenant Rights
Roof Flat
Security Features Other
Construction Materials Block
Year Built 1975
Electric Other
Property Subtype Retail
Tax Year 2025
Gross Income 251120
Accessibility Accessibility Features
County Broward
Net Operating Income 185341
New Construction false
Property Type Commercial Sale
Contingency Other
Status Active Under Contract
City Margate
Number Of Units Total 8
MLS Area 3633
Tax Annual Amount 26398
Property Condition Resale
Virtual Tour https://www.propertypanorama.com/401-N-State-Rd-7-Margate-FL/unbranded
Standard Status Active Under Contract
Property Sub Type Additional Retail
Legal Description HAMMON HEIGHTS SEC ONE 33-12 B LOT 6 LESS R/W AS DESC IN OR 2376/549 BLK 4 HAMMON HEIGHTS SEC ONE 33-12 B LOT 5 BLK 4
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Interior
Flooring Other
Total Stories 1
Air Conditioning Y/N true
Heating Y/N true
Total Baths 0
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Exterior
Parking Features Other
Water Source Multiple Meters Public
Total Parking 32
Lot Size Area 23180
Number of Buildings 2
Building Area Total 7860
Lot Size Acres 0.53
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* Excluded Features
List By
Jason Chamely

Listing Agent

Affordability Calculator

$20,363
Per Month
89%
11%
0%
Monthly Principal & Interest
$18,164
Monthly Property Taxes
$2,200
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
4827338 Elementary School
4827337 Middle School
Unknown High School High School
See complete school information
Pricing History
DatePricePrice ChangeDescription
3/22/2026$2,950,000 Listed Price

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401 N State Rd 7, Margate, FL, is a Commercial Property for sale at $2,950,000 with 7,860 sqft and a lot size of 0.53. 401 N State Rd 7 was built in 1975. The property's zip code is which is in Margate, FL

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