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- LoopNet Team
804 N State Road 7
Margate, FL 33063
Retail Property For Sale
INVESTMENT HIGHLIGHTS
- 41,000 Gallons Per Month
- $11,800 Per Month in Rental Income (With Current Structure)
- Free of Supply Contract
- Excellent Redevelopment Potential
PROPERTY FACTS
AMENITIES
- Pylon Sign
ABOUT 804 N STATE ROAD 7 , MARGATE, FL 33063
Broward County Marathon Gas Station with Repair shop. Excellent potential for a full C-store conversion. This 19,673 SF property features 3 MPDs, a modern canopy and a 2,116 SF Building that consists of a 3 bay repair facility and small snack shop. This corner property benefits from excellent visibility and easy access from both bordering roads. The site has an AADT traffic count of over 52,000 vehicle per day, is surrounded by high density residential and is in very close proximity to the local fairgrounds. The business is operated on a hybrid structure with the owner operating the snack shop, which currently averages $15,000 per month. The remainder of the business is operated with a month to month repair bay tenant paying $5,300 per month and a fixed monthly structure with the current fuel supplier in which they pay $6,500 per month. There are no long term obligations with tenants or the fuel supply so a new owner would have the ability to immediately rebrand, remodel or restructure the operation.
PROPERTY TAXES
| Parcel Number | 48-41-36-06-0230 | Improvements Assessment | £454,242 |
| Land Assessment | £207,550 | Total Assessment | £661,791 |
PROPERTY TAXES
