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214 Margate Ct, Margate FL 33063

Commercial Recently Sold
$2,900,000

BTC: 46.03174603

ETH: 1,660.93928981

Sold on: 2022-05-13
980 days
Waterfront
0 room(s)

Overview

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 site's 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 & Florida's Turnpike.

Location

Florida • Margate • 33063 • Commercial • Recently Sold • Waterfront

Details

Type:
Commercial Sale
Parking:
Assigned / Common
Year Built:
1978
Lot:
1.10 Acres
Heating:
Central Electric
Price/sqft:
No Data
Cooling:
Central Building A/C
HOA:
No Data

Valuation

Our model vs. what's actually selling nearby.
Estimate
$1,050,000
$291K – $2.9M
Confidence Low
List vs. estimate
$1.9M above estimate
List $2,900,000 · +176.2%
Our model says this listing is priced above recent comparable activity. Room to negotiate.
Based on
16 MLS comparables
Median of recent comparable listings. Sold comps use closing price, active listings use list price.

Highlights

Annual tax
$31,216
2019
Waterfront
Canal Front, Canal
Parking
47 spaces
All facts and features

  • Flooring

    • Concrete

    • Vinyl

    Heating

    • Central Electric

    Cooling

    • Central Building A/C

  • Parking

    • Assigned

    • Common

    Lot

    • Lot: 1.10 Acres

    Other Property Information

    • Parcel Number: 484136040090

    • Zoning: B-3

  • Type and style

    • Property Type: Commercial Sale

    • Property Sub Type: Industrial

  • Other financial information

    • Annual tax amount: $31,216

  • Source details

    • MLS ID: A10931955

    Other facts

    • Construction Materials: Concrete Block Construction / Insulated

    • Lot Features: Central Business District

    • Waterfront: Yes

    • Water Source: Public

Private inquiry
Talk to the advisor on this listing.
Floor plans, HOA docs, off-market comparables, scheduling a private showing — one message, direct to the local specialist.

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Market around this address

Live counts in the same area.
View all
This zip
33063
175
median $184K
Active
Same city
Margate
178
median $175K
Active
Same type
Commercial
15
median $1.0M
Active
Similar price
$2.0M – $3.8M
2
median $2.5M
Active

The multiple listing information is provided by the Miami Association of REALTORS® from a copyrighted compilation of listings. The compilation of listings and each individual listing are ©2026-present Miami Association of REALTORS®. All Rights Reserved. The information provided is for consumers' personal, noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified. Listing courtesy of: Elite Team Real Estate Inc