401 N State Rd 7, Margate, FL (MLS# B26005353)

401 N State Rd 7, Margate, FL

New Listing

$2,950,000

Property Type: Commercial Sale Square Footage: 7,860 Lot Size (sq. ft.): 23,087 Status: Active

Current Price: $2,950,000 List Date: 3/22/2026 Last Modified: 3/22/2026

Overview

Description

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. A great addition to any investment portfolio!

Listing Details MLS# B26005353

General Property Information

Number Of Buildings: 2
Property Sub Type: Retail
Building Area Main: 7860
Building Area Source: Public Records
Adjusted Area Main: 7860
Year Built: 1975
Parking Total: 32
Lot Size Area: 23180
Lot Size Acres: 0.53
Accessibility Features YN: Yes
Stories Total: Yes
Leasable Area: 8000

Property Features

Ceiling: Acoustic Documents Available: Copy Of Lease(s); Other Electric: Other Flooring: Other Heating: Central Individual Parking Features: Other Possession: Close Of Escrow; Subject To Tenant Rights Property Condition: Resale Sale Includes: Building; Leases Special Listing Conditions: Standard Source Of Expenses: Owner Provided Construction Materials: CBS Cooling: Central Individual Listing Terms: Cash; Conventional; Other Roof: Flat Security Features: Other Sewer: Public Sewer Structure Type: Retail Utilities: Other Water Source: Public Showing Requirements: 24 Hour Notice; Call Listing Agent Acreage Description: 1/2 To Less Than 1 Acre Lot; Less Than 1 Acre Lot

Contract Information

Comp Sale YN: No
Listing Contract Date: 2026-03-22
Original List Price: 2950000
Listing Service: Full Service

Location and Legal

Country: United States
County Or Parish: Broward
Street Number: 401
Street Direction Prefix: N
Street Name: State Rd 7
Municipality Type: Incorporated
State Or Province: FL
Postal Code: 33063
Postal Code +4: 4560
Area: 3633
Geographic Area: NW41 - North Broward 441 To Everglades (3611-3642)
Parcel Number: 484136010580
Subdivision Number: Yes
Zoning: TOC-G
Flood Zone: X
Property Description: Freestanding Retail Investment

Financial Information

Tax Annual Amount: 26398
Tax Year: 2025
Tax 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

Status Change Information

Major Change Timestamp: 2026-03-22T12:06:52Z
Major Change Type: New Listing
Status Change Date: 2026-03-22

More Information

Distance To Information

Miles to Expressway: Yes

Meter Information

Separate Electric Meters YN: Yes
Number Of Separate Electric Meters: 8
Separate Gas Meters YN: No
Separate Water Meters YN: Yes
Number Of Separate Water Meters: 8

Income and Expenses

Gross Income: 251120
Net Operating Income: 185341

Unit Details

Number Of Units Leased: 8

Showing Details

Pet(s) on Premises: No
Showing Contact Phone: 9548571884
Showing Instructions: Call Agent 24 hour minimum notice

Price Calculations

Current Price To SqFt: 375.31

Originating Details

Originating System Key: 20260322115306026852000000
Originating System ID: M00000170

Currently Not Used

Number Of Units Total: 8

Office/Member Information

DXORIGMLSID: RML

Electric

Other: Yes

Flooring

Other: Yes

Parking Features

Other: Yes

Property Condition

Resale: Yes

Special Listing Conditions

Standard: Yes

Documents Available

Copy Of Lease(s): Yes
Other: Yes

Structure Type

Retail: Yes

Possession

Close Of Escrow: Yes
Subject To Tenant Rights: Yes

Sewer

Public Sewer: Yes

Utilities

Other: Yes

Ceiling

Acoustic: Yes

Heating

Central Individual: Yes

Sale Includes

Building: Yes
Leases: Yes

Construction Materials

CBS: Yes

Listing Terms

Cash: Yes
Conventional: Yes
Other: Yes

Roof

Flat: Yes

Security Features

Other: Yes

Water Source

Public: Yes

Source Of Expenses

Owner Provided: Yes

Cooling

Central Individual: Yes

Showing Requirements

24 Hour Notice: Yes
Call Listing Agent: Yes

Acreage Description

1/2 To Less Than 1 Acre Lot: Yes
Less Than 1 Acre Lot: Yes

Documents

401 Flyer ›

Listing Office: Box Real Estate LLC

Last Updated: March - 22 - 2026

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