1505 NORTH STATE ROAD 7, Margate
$1,050,000 USD
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| Address | 1505 NORTH STATE ROAD 7, Margate |
| Type of Property | Special Purpose |
| Business Location | City Location |
| Property Style | Retail |
| Price | $1,050,000 |
| Property Status | Active |
| MLS Number | A11837896 |
| Property Size | 23495 |
| Lot Size | 23495 |
| Year Built | 1971 |
| Parking Space Number | 10 |
| Folio Number | 484125032154 |
| Zoning Information | TOC-C |
| Days on Market | 75 |
Detailed 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
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Address Information
| State | Florida |
| City | Margate |
| County | Broward County |
| Zip Code | 33063 |
| Address | 1505 NORTH STATE ROAD 7 |
| Business Location | City Location |
| Section | 25 |
| Zip Code (4 Digits) | 5701 |
Financial Information
| Price | $1,050,000 |
| Price per Foot | $0 |
| Folio Number | 484125032154 |
| Tax Amount | $11,530 |
| Tax Year | 2024 |
| Possession Information | Funding |
Full Descriptions
| Detailed 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 |
| Floor Description | Tile |
| Cooling Description | Central Building A / C |
| Heating Description | Central Electric, Central Building A / C |
| Water Description | Public |
| Sewer Description | Other |
| Parking Description | Free Parking, Other |
Property parameters
| Living Area | 23495 |
| Lot Size | 23495 |
| Total Acreage | 0.000 |
| Zoning Information | TOC-C |
| Maximum Leasable Size | 23495 |
| Year Built | 1971 |
| Type of Property | Special Purpose |
| Style | Retail |
| Construction Type | CBS Construction |
| Stories Number | 1 |
| Street Direction | North |
| Parking Space Number | 10 |
| Listed with | Compass Florida, LLC. |