FL > Margate
Margate, FL 33063,1505 N State Road 7
Margate, FL 33063,1505 N State Road 7
Margate, FL 33063,1505 N State Road 7
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Monica Cataluña-Shand, CCIM

Monica Cataluña-Shand, CCIM

+1(954) 812-1831
$1,050,000
Est. payment /mo
2,059 SqFt
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UPDATED:

Key Details

Property Type Commercial

Sub Type Special Purpose

Listing Status Active

Purchase Type For Sale

Square Footage 2,059 sqft

Price per Sqft $509

MLS Listing ID A11837896

Style Detached

HOA Y/N No

Year Built 1971

Annual Tax Amount $11,530

Tax Year 2024

Lot Size 0.539 Acres

Property Sub-Type Special Purpose

Property Description

This free-standing building, currently owned and operated by an established veterinarian, is being offered for sale as part of a sale-leaseback arrangement. The owner intends to lease the property back for ten years on a triple-net basis, which entails the tenant paying all expenses real estate taxes, water, trash, and electricity. The new owner is responsible for the outside of the building, the roof, A/C, etc. This property offers the new owner a management-free investment experience, avoiding management fees and headaches. The property is strategically situated in a prominent commercial area in Margate, North Fort Lauderdale, presenting substantial potential for appreciation and significant tax advantages associated with owning income-generating real estate

Location

State FL

County Broward

Area 3611

Interior

Heating Central, Electric

Cooling Central Air

Flooring Tile

Exterior

Total Parking Spaces 10

Private Pool Yes

Building

Story 1

Sewer Other

Water Public

Architectural Style Detached

Level or Stories One

Structure Type Block

Others

Tax ID 484125032154

Security Features Smoke Detector(s)

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Virtual Tour https://www.propertypanorama.com/instaview/mia/A11837896

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Listed by Compass Florida, LLC.
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"We recognize that real estate ventures involve more than just transactions; they’re intricate puzzles that demand strategic thinking and a keen understanding of the numbers. With years of experience in the industry, we bring a wealth of knowledge and expertise to the table, ensuring that every client receives tailored solutions to meet their unique needs."

+1(954) 812-1831

monica@koresrealty.com

1655 N Commerce Parkway, Suite 204, Weston, Florida, 33326, United States

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1505 N State Road 7