Margate Mixed-Use Property Listed on Ventnor Avenue

A rare mixed-use investment opportunity has entered the market in Margate, with a commercial-residential property at 9200–9202 Ventnor Avenue listed for $2.599 million. The corner building sits at the edge of Margate’s Parkway section and downtown corridor, placing it within walking distance of restaurants, shops, and the marina.

Mixed-use inventory in Margate is limited, particularly properties that are already leased and generating income. That scarcity has drawn attention to this listing among investors and business owners looking for long-term positioning in the Downbeach area.

Inside the Property

The building spans more than 3,500 square feet and is divided into three separately metered units:

• A large modern office suite with reception, conference space, private offices, kitchen, and ADA-accessible restrooms

• A smaller office unit with a private entrance

• A two-bedroom, one-bath residential apartment upstairs with a private deck and ocean views

According to the listing, all units are currently leased, providing immediate income for a new owner.

Location and Development Potential

In addition to its income stream, the property sits on a 62-by-55-foot lot, which the listing describes as offering future development or renovation potential. Corner visibility along Ventnor Avenue adds to its appeal, especially for businesses seeking consistent foot and vehicle traffic.

Properties with this combination of zoning flexibility, visibility, and residential components rarely come to market in Margate, making pricing less about square footage and more about positioning.

Why It Matters

“In places like Margate, buyers are looking for more than just a house,” said Mike Sutley, Team Leader at Lexy Realty Group. “They want walkability, visibility, and income potential that works year-round.”

For investors, mixed-use properties can provide diversification within a single asset, balancing commercial leases with residential demand in a barrier island market where space is finite.

What Buyers Should Watch

While the property is marketed as fully leased, buyers will want to evaluate lease terms, tenant mix, and zoning allowances carefully. Long-term value in Margate often hinges on flexibility—how a property can adapt as retail, office, and residential needs evolve.

Micro-FAQ

Is the property income-producing now?
Yes. All three units are currently leased.

Can it be redeveloped?
The listing notes development potential, but any changes would require local approvals.

Why are mixed-use properties rare in Margate?
Limited land availability and zoning constraints restrict new mixed-use construction.

Sources: Downbeach Buzz