Business Opportunity · Commercial
, MARGATE, FL, 33068
Active344 days on marketListed Aug 12, 2025MLS #A11858544
About this property
The property at a glance
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.
0
Lot sq ft
1972
Year built
R-3
Zoning
Commercial
Property type
The numbers
Investment snapshot
Income and lease details aren’t published in the MLS for this listing. Ask for the offering memorandum and rent roll to run cap rate, NOI and cash-on-cash.
Estimated payment (illustrative)
Estimated payment
$66,893/mo
Illustrative only. Commercial loans are underwritten on the property’s income (DSCR, cap rate) — typically 25–35% down with lender-set terms. Ask a commercial lender for real numbers. Taxes reflect the most recent bill on record; insurance is a typical-Florida estimate. Your lender’s numbers will differ. CENTURY 21 Edge partners with Florida’s best lenders.
Financing
Commercial financing works differently from a home loan — expect roughly 25–35% down with terms driven by the property’s income and your lender’s underwriting (DSCR, cap rate), not FHA or VA programs. Ask Arlinda to connect you with a commercial lender for real numbers.
Where it sits
Location & trade area
The area
Who's around this property
53,552
Population
$63,688
Median income
37.9
Median age
2.87
Avg household
$288,600
Median home value
$1,893/mo
Median rent
6,299
Households w/ kids
Recent sales
What actually sold near
The most comparable commercial properties that changed hands nearby. No two are identical — ask us for a full comparative analysis.
$295,000
1881 N University Drive # 210, Coral Springs FL 33071
Sold Dec 6, 2024
$16
1844 N University Drive, Coral Springs FL 33071
Sold Oct 10, 2024
$900,000
1500 N University Drive # 100, Coral Springs FL 33071
Sold Jun 25, 2026
Your team
The pros in your corner
Your agent
Arlinda Gokyar
Real Estate Agent · CENTURY 21 Edge
Tours, offers, and every question about — start here.
Financing contact
Andrew Acosta
Acosta Home Loans with PRMG · NMLS #1468866
Ask about commercial financing options for .
See it in person
Schedule a tour
Live availability from Arlinda's calendar — pick a time and it's booked.
Listing courtesy of Stoic Estates, LLC. · Jason Davis. MLS #A11858544.
IDX information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by Miami Association of REALTORS®.
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