FL > Margate
Margate, FL 33063,1505 N State Road 7
Margate, FL 33063,1505 N State Road 7
Margate, FL 33063,1505 N State Road 7
Margate, FL 33063,1505 N State Road 7
Margate, FL 33063,1505 N State Road 7
Margate, FL 33063,1505 N State Road 7
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Ady Laitano

Ady Laitano

+1(786) 258-1830
$ 1,050,000
Est. payment | /mo

2,059 SqFt

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$ 1,050,000
Est. payment | /mo
Save Virtual Tour

2,059 SqFt

Key Details

Property Type Commercial

Sub Type Special Purpose

Listing Status Pending

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

Contingent Other

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

Miami Association of Realtors (SEFMIAMI MLS)
Listed by Compass Florida, LLC
Ady Laitano

Find out why customers are choosing LPT Realty to meet their real estate needs

+1(786) 258-1830

ady@adylaitano.com

1400 S International Pkwy, Lake Mary, FL, 32746, USA

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1505 N State Road 7