$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
County Or Parish: Broward
County Parish Name: Broward
City Name: Margate
Postal Code: 33068
Geographic Area: NDIX - North Broward Us1 To Dixie Hwy (3311-3342)
Subdivision Number: 9
Flood Zone: X
Property Description: Free Standing Commercial
Country: United States
Street Number: 6810
Street Direction Prefix: SW
Street Name: 7th
Street Suffix: Street
State Or Province: FL
Postal Code +4: 2404
Area: 3633
Parcel Number: 494101091770
Zoning: R-3
General Property Information
Occupant Type: Call Listing Agent
Occupied Area: 23000
Training Available YN: Yes
Building Area Main: 27408
Year Built: 1972
Currently Not Used
Year Built: 1972
Office/Member Information
DXORIGMLSID: SEF
Flooring
Tile: 1
Parking Features
Free: 1
Short Sale Details
Short Sale Addendum: No
Building and Property Details
% Air Conditioned: 6
Improvement Height: 1 Story
Maximum Occupancy: 111
Business Type
Commercial: 1
Professional Service: 1
Heating
Central: 1
Central Building: 1
Electric: 1
Sale Includes
Building: 1
Business: 1
Furniture: 1
Inventory: 1
Land: 1
License: 1
Machinery: 1
Special Licenses
City License: 1
Professional: 1
State License: 1
Construction Materials
CBS: 1
Listing Terms
Cash: 1
Conventional: 1
Owner Will Carry: 1
Road Frontage Type
City Street: 1
Roof
Tar/Gravel: 1
Security Features
Fire Sprinkler System: 1
Security Fence: 1
Security Gate: 1
Smoke Detector(s): 1
Water Source
Public: 1
Business Details
Total Employees: 48
Year Established: 2020
Years Current Owner: 6
Hours/Days Of Operation
Varies: 1
# Of Days Open: 7
Lease Term Remaining
No Lease Terms Remaining: 1
Income and Expenses
Gross Income: 3330000
Inc/Exp Statement Period: 2026
Insurance Expense: 256000
Source Of Expenses
Owner Provided: 1
Pro Forma: 1
Cooling
Central Building: 1
Showing Requirements
24 Hour Notice: 1
Call Listing Agent: 1
Road Description
Two Lane: 1
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
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