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

 

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