1505 N State Road 7 Active Save Request In-Person Tour Request Virtual Tour
Margate,FL 33063
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
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
Building
Story 1
Sewer Other
Water Public
Structure Type Block
Others
Acceptable Financing Cash,Conventional
Listing Terms Cash,Conventional
Virtual Tour https://www.propertypanorama.com/instaview/mia/A11837896