Central Plaza Margate
Retail
Marketing description
CIC Realty is pleased to present 6450 W Atlantic Boulevard, Margate, Florida — a multi-tenant retail asset offering immediate frontage along a major Broward County corridor with significant repositioning and redevelopment potential.
The ±4,040 SF building sits on approximately 0.27 acres and is currently 50% occupied, generating minimal in-place income of approximately $53,304 annually. The existing vacancy provides a clear path for an owner-user, value-add investor, or developer to reposition the asset, re-tenant at market rents, or explore longer-term redevelopment strategies.
Located on Atlantic Boulevard — one of the area’s primary east-west arteries — the property benefits from strong daily traffic counts, established retail synergy, and dense surrounding residential population.
This offering presents a rare opportunity to acquire controlled frontage in a mature, infill Broward County market with tangible upside.
Investment highlights
- Prime frontage along W Atlantic Boulevard
- ±4,040 SF building on 0.27 acres
- 50% occupied – immediate lease-up upside
- Below-market in-place rents
- Minimal NOI of ~$53,304 provides clear value-add opportunity
- Suitable for owner-user or repositioning investor
- Strong surrounding residential density
- Long-term redevelopment potential
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