Automotive Real Estate for Sale in Margate

214 Margate Ct, Margate, FL 33063, USA

Active

For Sale

$2,900,000

Property Description

PRINCIPALS ONLY. First time on the market in over 20 years. In-Place Actual NOI of $180k at 6.23% CAP Rate. This Small Bay Multi-Tenant property is comprised of five (5x) stable tenants with an average operating history of 16 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 site's TOC-C -TRANSIT-ORIENTED CORRIDOR Zoning may allow for Value-Add redevelopment potential.

Property Details

Property Type

Industrial

Lot Size (SF)

+/-52,708

Zoning

48 / TOC

Building Size

+/-16,940

Floors

1

Year Built

1979

Opportunity Zone

No

FAR

TBD

Property Location

214 Margate Ct, Margate, FL 33063, USA

Request Information     (954) 644-8900

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