Basic Information

  • MLS # A10931955
  • Type Industrial
  • Status Closed
  • Year Built 1978
  • Total Sqft 16,940
  • Date Listed 09/24/2020
  • Days on Market 596
Description

In-Place Actual NOI at 6.78 CAP Rate. This Small Bay Multi-Tenant property is comprised of five 5x stable tenants with an average operating history of 20 years at the site. The tenant mix includes essential businesses such as auto care and specialty niche services, and has remained operational throughout the pandemic. 40 Year Certification Completed. The sites TOC-C -TRANSIT-ORIENTED CORRIDOR Zoning may allow for Value-Add redevelopment potential. Great investment opportunity to own your automotive free standing building on almost 17,000 SF building, built on more than an acre lot. Situated next to St. Rd. 7 441 with heavy traffic. Geographically convenient to Broward, Palm Beach Miami-Dade Counties. In the Heart of downtown Margate. Convenient access to I-95 Floridas Turnpike.

Amenities

Exterior Features

  • Waterfront Yes
  • Parking Spaces 0
  • Pool No
  • Construction Type Block
  • Waterfront Description Canal Front, Intersecting Canal
  • Parking Description Assigned, Common
  • Style Industrial

Interior Features

  • Adjusted Sqft 16,940Sq.Ft
  • Cooling Description Central Air
  • Floor Description Concrete, Vinyl
  • Heating Description Central, Electric
  • Sqft 16,940 Sq.Ft

Property Features

  • Address 214 Margate Ct
  • Aprox. Lot Size 16,940
  • Construction Materials Block
  • Furnished Info no
  • Listing Terms Cash, Conventional
  • Subdivision Complex
  • Subdivision Info
  • Tax Amount $31,216
  • Tax Legal desc HAMMON HEIGHTS SEC 3 39-50 B LOTS 7 THRU 10 BLK 1
  • Tax Year 2019
  • Terms Considered Cash, Conventional
  • Type of Property Industrial
  • Waterfront Description Canal Front, Intersecting Canal

214 Margate Ct

Margate, FL 33063

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