Address309 N State 7 Road, Margate, FL, 33063
Price$990,000
- Commercial
- Built in 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.
Essential Information
- MLS® #RX-10926565
- Price$990,000
- Taxes$13,600 (2022)
- Acres0.41
- Year Built1977
- TypeCommercial
- Sub-TypeRetail
- StyleFree Standing, Restaurant
- StatusActive
Community Information
- Address309 N State 7 Road
- Area3632
- CityMargate
- CountyBroward
- StateFL
- Zip Code33063
Amenities
Interior
- HeatingCentral
- CoolingCentral
- # of Stories1
Exterior
- Lot DescriptionRestaurant
- RoofComp Rolled, Flat Tile
- ConstructionCBS, Concrete
Additional Information
- Days on Website212
- ZoningTOC-C
Listing Details
- OfficeNugget Realty
Utilities
Gas Natural, Public Sewer, Public Water
Appliances
Building and Land, Equipment, Fixtures
Price Change History for 309 N State 7 Road, Margate, FL (MLS® #RX-10926565)
| Date | Details | Change |
|---|---|---|
| Price Reduced from $1,090,000 to $990,000 | ||
| Status Changed from Price Change to Active | – | |
| Status Changed from Active to Price Change | – | |
| Price Reduced from $1,190,000 to $1,090,000 | ||
| Status Changed from New to Active | – |
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