Sold
Closed
309 N State 7 Road
Margate FL, 33063
$945,000
Sold
Closed
Commercial
Built in 1977
New to market, this freestanding established prime building is located just two blocks South of one of the busiest intersections in Broward County with a 115,000 daily car count. The retail building is configured as a restaurant with a proven revenue stream that has been established since 1978 with a loyal customer base and prime location. The lot is 100'X179 and is easily accessible off 441-St.Rd.7 and has ample parking for 26 cars. The restaurant has a seating capacity of 65 and comes with all equipment. The current tenant has a 10 year lease with two five year options and yearly 3% rent increases. The building is ADA compliant and the roof was recently siliconized and the parking lot blacktopped. Seller open to financing.Seller is licensed real estate agent.
R10926565
MLSⓇ ID
October 10, 2023
Listed
November 22, 2024
Updated
Map
309 N State 7 Road
Margate FL, 33063
Interior Features
Total Stories
1
Floor Description
Ceramic Tile
Fireplace
No
Cooling
Yes
Cooling Description
Central Air
Heating
Yes
Heating Description
Central
Exterior/Building Features
Lot Size
0.41 Acres
Roof
Composition, Flat, Tile
Sewer
Public Sewer
Other Property Details
Area Name
3632
Taxes
$13,600
Tax Frequency
Annually
Days on Market
272
Garage
No
View
No
County
Broward
Water Source
Public
Pool
No
Listing History
Date | Event | Price |
---|---|---|
10/2/2024 | Sold | $945,000 |
7/9/2024 | Pending | — |
5/9/2024 | Price change | $990,000 -10% |
Listed by: Nugget Realty
Listing Contact:
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Data last updated 6:38 PM UTC, 11/22/2024