1505 N State Road 7, Margate, FL 33063
- $1,000,000
- Sold Price
- $1,000,000
- List Price
- $1,050,000
- Closing Date
- Dec 22, 2025
- MLS#
- A11837896
- Status
- CLOSED
- Type
- Commercial
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
Additional Information
- Days on Market
- 106
- Tax Amount
- $11,530
- Water Access
- Other Sale Includes
- Parcel Number
- 484125032154
- Lot Size
- 23,495
- Address
- 1505 N State Road 7, Margate
- Year Built
- 1971
- Section
- 25
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Listing Courtesy of Compass Florida, LLC, Contact:
Selling Office: Compass Florida, LLC.