Sheri Lasley Ruiz
Price Reduced 9.17%
Price History
$1,090,000
10/10/2023
$990,000
5/9/2024
309 N State 7 Road, Margate, FL, 33063
1977
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.
Status:
Active
Type:
Commercial
Units:
1
Zoning:
TOC-C
Building Type:
Free Standing,Restaurant
Heating:
Central
Cooling:
Central
Levels:
1
Acreage:
0.41
Est. Taxes:
$13,600
Current Use
Retail
Construction
CBS,Concrete
Utilities
Gas Natural,Public Sewer,Public Water
Lease Term Type:
7-10 Years,Option Available
Owner Pays:
Electric,Gas,Repairs,Sewer
MLS #:
RX-10926565
Community Info
School Info
Walk Score
Yelp
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