Restaurant/Entertainment Sold

309 N State 7 Road, Margate, FL 33063

$990,000
0.41
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.

Basic Details
Listing Type : Sold
Price : $990,000
Features
: Central
Central
Ceramic Tile
No
Comp Rolled,Flat Tile
Location
US
FL
Broward
Margate
33063
2 Blocks South of Atlantic Blvd on 441 -St.Rd. 7
309 N State 7 Road, Margate, Fl 33063
Extended Details
Virtual Tour URL
10.02.2024
CBS,Concrete
Cash,Owner 2nd
Gas Natural,Public Sewer,Public Water
09.26.2024
945000.00
Owner Financing
1
TOC-C
Yes
2022
27.29
$0
Nugget Realty
Mark Genco
1090000.00
1.0
100.00
13600.00
beachesmls
Property TypeRestaurant/Entertainment
StatusClosed
Listing IDRX-10926565
Year Built1977
Lot Area0.41
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Realtyna

Nadereh (Nana) Rezaie, P.A.  Broker Associate, Certified Luxury Home Marketing Specialist™ GUILD™

Nana Rezaie 561-660-1948

Office: 561-472-1236 1400 Corporate Center Way, Second Floor, Wellington, FL 33414 Each office independently owned and operated.

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