List Search

1189 W River Dr
Margate, FL 33063 Margate Gardens

Price Upon Request

Assisted Living For Sale  •  38,719 SF

Property Details

  • Property Type Assisted Living
  • Total Building Size 38,719 SF
  • Lot Size 1.93 AC
  • Building Class C
  • Year Built 1962
  • Zoning R-3
36 Transit Score
36 Walk Score

Highlights

Lakeside two-story, 38,719-SF assisted living facility currently operating at 97% occupancy and 57 units/ 64 beds, recently rezoned for 101 beds.
Amazing upside potential opportunity for the investor/operator to expand current license and drastically increase the revenue and bottom line income.
Accessibly located within a 10-minute commute or less of major thoroughfares I-95, Florida’s Turnpike, US-441, Florida 814, and popular conveniences.
Surrounded by a dense population of over 400,000 residents with a median age of 40+ years, who bring in an average household of more than $81,000.

Public Transportation

Commuter RailDriveWalkDistance
Pompano Beach (Tri-County Commuter - South Florida Regional Transportation Authority (Tri-Rail)) 14 min - 6.5 mi
Cypress Creek (Tri-County Commuter - South Florida Regional Transportation Authority (Tri-Rail)) 13 min - 7.0 mi
AirportDriveWalkDistance
Fort Lauderdale/Hollywood International 29 min - 18.1 mi

Parking Details

Parking Available: Yes
Reserved: No
Spaces Provided: 43
Type: Surface
Included in Rent: Yes