$12,500,000
Margate, FL 33068
MLS# A12098306
27408 sqft
1 / 14
Property Description
Outstanding investment or owner-user opportunity in the heart of Margate. This free-standing commercial property is purpose-built and fully licensed for 111 beds assisted living, offering a rare combination of scale, functionality, and location. Set on a 1.3855-acre lot and boasting 23,382 sq. ft. of living space, this well-maintained facility is thoughtfully designed to provide comfort, safety, and operational efficiency, spacious common areas, shared, private, and semi-private rooms, and commercial-grade kitchen facilities. The property’s size and layout allow for a substantial resident capacity while maintaining an intimate, home-like atmosphere. Located near medical centers and community amenities, it offers both convenience and accessibility for families and healthcare providers.
Details
Maps
Contract Information
Comp Sale YN: No
Listing Date: 2026-10-01
Status: Active
Original List Price: 12500000
List Price: $12,500,000
Current Price: $12,500,000
Location and Legal
Country: United States
County Or Parish: Broward
County Parish Name: Broward
Street Number: 6810
Street Direction Prefix: SW
Street Name: 7th
Street Suffix: Street
City Name: Margate
State Or Province: FL
Postal Code: 33068
Postal Code +4: 2404
Area: 3633
Geographic Area: NDIX - North Broward Us1 To Dixie Hwy (3311-3342)
Parcel Number: 494101091770
Subdivision Number: 9
Zoning: R-3
Flood Zone: X
Property Description: Free Standing Commercial
General Property Information
Occupant Type: Call Listing Agent
Building Area Main: 27408
Occupied Area: 23000
Year Built: 1972
Training Available YN: Yes
Currently Not Used
Year Built: 1972
Short Sale Details
Short Sale Addendum: No
Building and Property Details
% Air Conditioned: 6
Improvement Height: 1 Story
Maximum Occupancy: 111
Business Details
Total Employees: 48
Year Established: 2020
Years Current Owner: 6
Income and Expenses
Gross Income: 3330000
Inc/Exp Statement Period: 2026
Insurance Expense: 256000
Price Calculations
Current Price To SqFt: 456.07
Section Details
Parcel Number MLX: 1770
Financial Information
Tax Annual Amount: 155164
Tax Year: 2025
Tax Legal Description: KIMBERLY FOREST 68-31 B TRACT F
Status Change Information
Major Change Timestamp: 2026-10-01T04:00:00Z
Major Change Type: New Listing
Status Change Date: 2026-10-01
Originating Details
Originating System Key: 565333582
Originating System ID: M00000151
Property Features
Business Type: Commercial; Professional Service
Flooring: Tile
Heating: Central; Central Building; Electric
Lease Term Remaining: No Lease Terms Remaining
Parking Features: Free
Sale Includes: Building; Business; Furniture; Inventory; Land; License; Machinery
Special Licenses: City License; Professional; State License
Source Of Expenses: Owner Provided; Pro Forma
Construction Materials: CBS
Cooling: Central Building
Listing Terms: Cash; Conventional; Owner Will Carry
Road Description: Two Lane
Road Frontage Type: City Street
Roof: Tar/Gravel
Security Features: Fire Sprinkler System; Security Fence; Security Gate; Smoke Detector(s)
Water Source: Public
Showing Requirements: 24 Hour Notice; Call Listing Agent
Listing Office: Stoic Estates, LLC.
Last Updated: October - 02 - 2026
This information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. Copyright 2026 Beaches Multiple Listing Service, Inc. All rights reserved. Information Not Guaranteed and Must Be Confirmed by End User. Site contains live data.