309 N State 7 Road

$990,000, .41 Acres

About This Property

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
Acres0.41
Year Built1977
TypeCommercial
Sub-TypeRetail
StyleFree Standing, Restaurant
StatusPrice Change

Community Information

Address309 N State 7 Road
Area3632
CityMargate
CountyBroward
StateFL
Zip Code33063

Amenities

Utilities

Gas Natural, Public Sewer, Public Water

Interior

HeatingCentral
CoolingCentral
# of Stories1

Appliances

Building and Land, Equipment, Fixtures

Exterior

Lot DescriptionRestaurant
RoofComp Rolled, Flat Tile
ConstructionCBS, Concrete

Additional Information

ZoningTOC-C

Listing Details

OfficeNugget Realty

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309 N State 7 Road, Margate (MLS® #RX-10926565) Property History

Status Changed from Active to Price 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

All listings featuring the BMLS logo are provided by BeachesMLS, Inc. This information is not verified for authenticity or accuracy and is not guaranteed. Copyright ©2024 BeachesMLS, Inc.

Listing information last updated on May 18th, 2024 at 5:30am CDT.

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