7504 N State Road 7

0.82
Acre
Status
Sold - Apr 05, 2021
Size
0.82 Acres (3,310 m2)
Price
$2,048,780/Acre ($508/m2)
Type
Land
MLS Number
R10683376
On Site
2069 Days
Updated
97 Days ago
Page Views
0
Extremely rare opportunity to purchase or lease a regularly shaped development parcel in the thriving retail corridor of Coconut Creek. With more that 53k cars passing the site each day, the parcel sits at the borders of Coconut Creek, Parkland, and Boca Raton. The property has the very unique designation of Coconut Creek's Medical Services Overlay District, which fully allows for the development and operation of medical marijuana treatment centers and cannabis dispensaries. However, medical use is not a requirement of the site and a QSR with drive-thru or a freestanding retail building would also be an optimal use of the highly commercial corridor. Ownership is flexible. Sale is preferred, but a ground lease or build-to-suit will be considered for credit worthy tenants. * One of Very Few Parcels Zoned for Medical Marijuana in Coconut Creek; * Dense Commercial Corridor with more than 53k Cars Per Day Past the Site; * Regularly Shaped Site and Prime Location for QSR With Drive Through; * Liberal Commercial Zoning Allows For a Wide Array of Uses, including Rare Cannabis Retail; * Previous Approvals for Auto Discount Retailer and Executive Office Suites Provide Offset To Development Costs; * Flexible Ownership Willing To Consider All Reasonable Offers and Terms;

Features

All features
  • Current Use: Agricultural, Commercial, Office
  • Approx SqFt Total Area: 35632
  • Property SqFt: 35632
  • Remarks: Extremely rare opportunity to purchase or lease a regularly shaped development parcel in the thriving retail corridor of Coconut Creek. With more that 53k cars passing the site each day, the parcel sits at the borders of Coconut Creek, Parkland, and Boca Raton. The property has the very unique designation of Coconut Creek's Medical Services Overlay District, which fully allows for the development and operation of medical marijuana treatment centers and cannabis dispensaries. However, medical use is not a requirement of the site and a QSR with drive-thru or a freestanding retail building would also be an optimal use of the highly commercial corridor. Ownership is flexible. Sale is preferred, but a ground lease or build-to-suit will be considered for credit worthy tenants. * One of Very Few Parcels Zoned for Medical Marijuana in Coconut Creek; * Dense Commercial Corridor with more than 53k Cars Per Day Past the Site; * Regularly Shaped Site and Prime Location for QSR With Drive Through; * Liberal Commercial Zoning Allows For a Wide Array of Uses, including Rare Cannabis Retail; * Previous Approvals for Auto Discount Retailer and Executive Office Suites Provide Offset To Development Costs; * Flexible Ownership Willing To Consider All Reasonable Offers and Terms;
  • Internet Remarks: Extremely rare opportunity to purchase or lease a regularly shaped development parcel in the thriving retail corridor of Coconut Creek. With more that 53k cars passing the site each day, the parcel sits at the borders of Coconut Creek, Parkland, and Boca Raton. The property has the very unique designation of Coconut Creek's Medical Services Overlay District, which fully allows for the development and operation of medical marijuana treatment centers and cannabis dispensaries. However, medical use is not a requirement of the site and a QSR with drive-thru or a freestanding retail building would also be an optimal use of the highly commercial corridor. Ownership is flexible. Sale is preferred, but a ground lease or build-to-suit will be considered for credit worthy tenants. * One of Very Few Parcels Zoned for Medical Marijuana in Coconut Creek; * Dense Commercial Corridor with more than 53k Cars Per Day Past the Site; * Regularly Shaped Site and Prime Location for QSR With Drive Through; * Liberal Commercial Zoning Allows For a Wide Array of Uses, including Rare Cannabis Retail; * Previous Approvals for Auto Discount Retailer and Executive Office Suites Provide Offset To Development Costs; * Flexible Ownership Willing To Consider All Reasonable Offers and Terms;
  • Waterfront: No info
  • Directions: West
  • Days on Market: 50
  • Closing Date: 2021-04-05
  • Compass Point: N
  • Office Name: Compass Florida LLC
  • Taxes: 17837.46
  • Tax Year: 2020
  • Listing Date: 2021-01-10T17:21:51.000-00:00
  • Lot Size Square Feet: 35632

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Price History

Date
Event
Price
Change
Price Per
01/23/2026
Listed
$1.7M
 
$47 ft2
$508 m2
01/23/2026
$1.7M
Event
Listed
Price Per
$47 ft2
$508 m2
Price per square foot and days on website are not provided values and are calculated by Subdivisions.
Listed by Brad KuskinCompass Florida LLC • Buyer Agency Compensation .

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