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 1.3

Margate

$12,500,000 USD
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      AddressMargate
      Type of PropertyCommercial, Free Standing
      Property StyleBusiness, Medical
      Price$12,500,000
      Property StatusActive
      MLS NumberA11858544
      Year Built1972
      Folio Number494101091770
      Zoning InformationR-3
      Days on Market17

      Detailed 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.

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      Address Information
      StateFlorida
      CityMargate
      CountyBroward County
      Zip Code33068
      Zip Code (4 Digits)2404
      Financial Information
      Price$12,500,000
      Folio Number494101091770
      Tax Amount$142,488
      Tax Year2024
      Full Descriptions
      Detailed DescriptionOutstanding 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.
      Floor DescriptionTile
      Cooling DescriptionCentral Building A / C
      Heating DescriptionCentral Electric, Central Building A / C
      Water DescriptionPublic
      Parking DescriptionAdditional Spaces Available, Free Parking
      Property parameters
      Zoning InformationR-3
      Year Built1972
      Type of PropertyCommercial, Free Standing
      StyleBusiness, Medical
      Construction TypeCBS Construction
      Listed withStoic Estates, LLC.