Bought with Nugget Realty
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309 N State 7 RD Margate, FL 33063
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Key Details
Sold Price $945,000
Property Type Commercial
Sub Type Restaurant/Entertainment
Listing Status Sold
Purchase Type For Sale
MLS Listing ID RX-10926565
Sold Date 09/26/24
Year Built 1977
Annual Tax Amount $13,600
Tax Year 2022
Lot Size 0.410 Acres
Property Description
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.
Location
State FL
County Broward
Area 3632
Zoning TOC-C
Interior
Heating Central
Cooling Central
Flooring Ceramic Tile
Fireplaces Type Smoke Detector
Exterior
Utilities Available Gas Natural, Public Sewer, Public Water
Waterfront No
Roof Type Comp Rolled,Flat Tile
Building
Story 100.00
Foundation CBS, Concrete
Others
Acceptable Financing Cash, Owner 2nd
Listing Terms Cash, Owner 2nd
Financing Cash,Owner 2nd
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