$2,650,000
Sold · May 27, 2026
401 N State Rd 7
Margate, FL
Explore the area: Margate homes for sale · Broward County real estate
Sale Summary
What this home sold for
- Sold price
- $2,650,000
- Vs. list price
- 10.2% under
- Days on market
- 46
- Price per sq ft
- N/A
This commercial property sold for $2,650,000 on May 27, 2026. That was 10.2% below its final list price of $2,950,000. It spent 46 days on the market.
Listing Snapshot
- Sold Price
- $2,650,000
- Sold On
- May 27, 2026
- Days on Site
- 46 Days
- Bedrooms
- 0
- Total Baths
- 0
- Total Sq Ft
- 7,860 sqft
- Lot Size
- 0.53 Acres
- Year Built
- 1975
- Property Type
- Commercial
- MLS #
- B26005353
- Property Tax
- $26,398 (2025)
- County
- Broward
- Status
- Sold
- Special Conditions
- Standard
About This Property
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. Roof 2022. Building Recertification Inspection 2025
MLS media linkGeneral Features
- Property Type
- Commercial
- Status
- Sold
- Year Built
- 1975
- Property Condition
- Resale
- Number of Stories
- 1
- Parking
- Other
- Lot Size (Acres)
- 0.53
- Total Sq Ft
- 7,860
- Structure Type
- Retail
- Sewer
- Public Sewer
- Water Source
- Multiple Meters / Public
- Zoning
- TOC-G
Interior Features
- Cooling
- Central Air
- Heating
- Central / Individual
- Flooring
- Other
Exterior Features
- Construction
- Block
- Roof
- Flat
Community & HOA
- Security
- Other
- Utilities
- Other
- Financing Terms
- Cash / Conventional / Other
- MLS Area
- 3633
About the Area
Browse Margate homes for sale across every neighborhood and price point in Broward. Available homes span single-family, townhome, and condo segments throughout the city. Margate includes gated golf communities, 55+ active adult neighborhoods, waterfront estates, and newer master-planned subdivisions. HOA fees vary by community type, from modest maintenance fees in non-gated subdivisions to higher dues in full-amenity country clubs. The city sits within Broward, offering access to South Florida beaches, major employment centers, and healthcare hubs. For current Broward market data, see Florida Realtors' monthly statistics. Browse the latest Margate listings below. Then connect with a Pure Equity agent to schedule a private showing.
- Homes for Sale
- 495
- Under Contract
- 108
- Median List Price
- $158,000
- Median Sale Price (September)
- $321,000
- Median $/Sq Ft
- $165
- Avg Days on Market
- 132
Frequently Asked Questions
- How do I schedule a tour of 401 N State Rd 7, Margate, FL?
- Use the Tour button on this listing to request a showing of 401 N State Rd 7, Margate, FL. Pick a day and time and choose an in-person or video-chat tour, and a Pure Equity agent will confirm your visit, often the same day.
- Is 401 N State Rd 7, Margate, FL still available?
- 401 N State Rd 7, Margate, FL is currently listed as Sold, and has been on the market 46 days. Status updates directly from the MLS as homes go under contract, so ask us to confirm availability before you plan a visit.
- How much is the monthly payment for 401 N State Rd 7, Margate, FL?
- With 20% down ($590,000) on the $2,950,000 list price and a 30-year fixed loan at an illustrative 6.875% rate, the estimated principal & interest for 401 N State Rd 7, Margate, FL is about $15,504/mo, before property taxes, insurance. Use the payment estimate on this page to adjust the down payment and rate.
- How do I get pre-approved to buy 401 N State Rd 7, Margate, FL?
- Getting pre-approved shows sellers you're a serious buyer and clarifies your true budget before you offer on 401 N State Rd 7, Margate, FL. Contact Pure Equity and we'll connect you with a trusted local lender to review your financing options, no obligation.
- Can I negotiate the price of 401 N State Rd 7, Margate, FL?
- Often, yes. The right offer on 401 N State Rd 7, Margate, FL depends on how it's priced against comparable commercial sales in Margate, how long it's been listed, and how motivated the seller is. Pure Equity will run the comps and help you craft a competitive, well-supported offer.
Listing courtesy of Box Real Estate LLC
Listing information is provided by BeachesMLS, Inc.and is deemed reliable but not guaranteed accurate by the MLS or Pure Equity. Information is for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties. © 2026 BeachesMLS, Inc. Last updated July 1, 2026.
$2,650,000
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Listed by Jason Chamely, Box Real Estate LLC
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