For more information regarding the value of a property, please contact us for a free consultation.
1703 N State Road 7 Margate, FL 33063
Want to know what your home might be worth? Contact us for a FREE valuation!
Our team is ready to help you sell your home for the highest possible price ASAP
Key Details
Sold Price $2,725,000
Property Type Commercial
Sub Type Retail
Listing Status Sold
Purchase Type For Sale
Subdivision Lonestar Plaza 441
MLS Listing ID F10310286
Sold Date 03/31/22
Construction Status Resale
HOA Y/N No
Total Fin. Sqft 46989
Annual Tax Amount $37,530
Tax Year 2020
Lot Size 1.079 Acres
Property Description
Impeccably maintained retail plaza consisting of 3 buildings and 14 units. Multiple capital improvements recently completed and being undertaken. Little to no deferred maintenance for a new owner. 95% occupancy with easily obtainable 100% occupancy after closing. One vacant space (705 sqft) currently being used by the owner. Low expenses currently $3.57/sqft. Above average annual rent increases. 200 feet of frontage on 441. Great location in North West Broward County. 3 miles from Florida Turnpike. ~6% Caprate at asking price.
Location
State FL
County Broward County
Area North Broward 441 To Everglades (3611-3642)
Zoning TOC-C
Interior
Heating Central Individual A/C
Cooling Central Individual A/C
Exterior
Waterfront No
Water Access N
Private Pool No
Building
Story 1.0000
Sewer Public Sanitation
Water Public Water
Construction Status Resale
Others
Pets Allowed No
Acceptable Financing Cash, Conventional/Refinance, Other Terms
Listing Terms Cash, Conventional/Refinance, Other Terms
Read Less
Bought with Box Real Estate LLC
GET MORE INFORMATION
