7
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$1,050,000
Est. payment /mo
2,059 SqFt
New
1505 N State Road 7 Margate, FL 33063
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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
Listed by Compass Florida, LLC.