Investment Overview
Marcus & Millichap is pleased to offer for sale to qualified investors, the opportunity to purchase Margate Plaza located at 1507-1509 North State Road 7, Margate, FL 33063, a 1.08-acre business park which consists of 12,134 SF of occupied retail and office space plus 600 SF of vacant space. With little vacancy, this opportunity presents itself as a stabilized center and a strong, long-term investment.
Margate Plaza is ideally situated with excellent access and visibility of State Road 7/US 441 with a daily traffic count of 53,000 vehicles and within close proximity to Florida’s Turnpike. Surrounding national retailers include Walmart Supercenter, Publix, Home Depot, Lowe’s, Target, Best Buy, Ross, Home Goods, Marshalls, Ross and many more.
Located in Broward County, Margate Plaza benefits from attractive demographics with over 400,000 residents within a 5-mile radius. Margate is part of the part of the Miami–Fort Lauderdale–Pompano Beach MSA, home to more than 5.5 Million people. The population continues to grow at a pace well above the U.S. rate. It is also a desirable corporate location due to its proximity to Latin American markets, large educated workforce, and desirable climate.
