, Margate, FL 33068 (MLS# A11858544)

Margate, FL 33068

$12,200,000

Virtual Tour

https://www.propertypanorama.com/instaview/mia/A11858544

Property Type: Business Opportunity Square Footage: 27,408 Status: Active

Current Price: $12,200,000 List Date: 8/13/2025 Last Modified: 5/28/2026

Overview

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.

Listing Details MLS# A11858544

General Property Information

Occupant Type: Call Listing Agent
Building Area Main: 27408
Occupied Area: 23000
Year Built: 1972
Training Available YN: Yes

Property Features

Business Type: Commercial; Medical Flooring: Tile Heating: Central; Central Building; Electric Lease Term Remaining: Options Available 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 Road Description: Two Lane Road Frontage Type: City Street Security Features: Fire Sprinkler System; Security Fence; Security Gate; Smoke Detector(s) Water Source: Public Showing Requirements: 24 Hour Notice; Call Listing Agent

Contract Information

Comp Sale YN: No
Original List Price: 12500000

Location and Legal

County Or Parish: Broward
County Parish Name: Broward
City Name: Margate
State Or Province: FL
Postal Code: 33068
Postal Code +4: 2404
Geographic Area: NDIX - North Broward Us1 To Dixie Hwy (3311-3342)
Subdivision Number: 9
Zoning: R-3
Flood Zone: X
Property Description: Free Standing Commercial

Financial Information

Tax Annual Amount: 142488
Tax Year: 2024
Tax Legal Description: KIMBERLY FOREST 68-31 B TRACT F

Status Change Information

Major Change Timestamp: 2026-03-19T20:32:47Z
Major Change Type: Price Reduced
Price Change Timestamp: 2026-03-19T20:32:47Z
Status Change Date: 2025-11-30

More Information

Building and Property Details

Maximum Occupancy: 111
% Air Conditioned: 0

Business Details

Total Employees: 48
Year Established: 2014
Years Current Owner: 2022

Short Sale Details

Short Sale Addendum: No

Income and Expenses

Gross Income: 3185220
Inc/Exp Statement Period: 2025

Section Details

Parcel Number MLX: 1770

Originating Details

Originating System Key: 419241134
Originating System ID: M00000151

Currently Not Used

Year Built: 1972

Office/Member Information

DXORIGMLSID: SEF

Flooring

Tile: Yes

Parking Features

Free: Yes

Business Type

Commercial: Yes
Medical: Yes

Heating

Central: Yes
Central Building: Yes
Electric: Yes

Sale Includes

Building: Yes
Business: Yes
Furniture: Yes
Inventory: Yes
Land: Yes
License: Yes
Machinery: Yes

Special Licenses

City License: Yes
Professional: Yes
State License: Yes

Construction Materials

CBS: Yes

Listing Terms

Cash: Yes
Conventional: Yes

Road Frontage Type

City Street: Yes

Security Features

Fire Sprinkler System: Yes
Security Fence: Yes
Security Gate: Yes
Smoke Detector(s): Yes

Water Source

Public: Yes

Hours/Days Of Operation

Varies: Yes
# Of Days Open: 7

Lease Term Remaining

Options Available: Yes

Source Of Expenses

Owner Provided: Yes
Pro Forma: Yes

Cooling

Central Building: Yes

Showing Requirements

24 Hour Notice: Yes
Call Listing Agent: Yes

Road Description

Two Lane: Yes

Listing Office: Stoic Estates, LLC.

Last Updated: May - 28 - 2026

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