Basic Information

  • MLS # A11837896
  • Type Special Purpose
  • Status Active
  • Year Built 1971
  • Total Size 23,495 Sq.Ft / 0.54 Acre
  • Date Listed 07/14/2025
  • Days on Market 1
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

Amenities

Exterior Features

  • Waterfront No
  • Parking Spaces 0
  • Pool No
  • Construction Type Block
  • Parking Description Free Parking, Other
  • Style Special Purpose

Interior Features

  • Adjusted Sqft 0.54 AcreSq.Ft
  • Cooling Description Central Air
  • Floor Description Tile
  • Heating Description Central, Electric
  • Sqft 0.54 Acre Sq.Ft

Property Features

  • Address 1505 N State Rd 7th
  • Aprox. Lot Size 23,495
  • Architectural Style Detached
  • City Margate
  • Construction Materials Block
  • County Broward
  • Furnished Info no
  • Levels One
  • Listing Terms Cash, Conventional
  • Occupant Type Call Agent
  • Parking Features Free Parking, Other
  • Possession Closing And Funding
  • Postal City Margate
  • Public Survey Section One
  • Sewer Description Other
  • Stories 1
  • Subdivision Complex
  • Subdivision Info
  • Tax Amount $11,530
  • Tax Legal desc M A R G A T E3 R D A D D44-48 B T R A C T A N100 A S M E A S A L O N G W/ B O F S275 B L K18
  • Tax Year 2024
  • Terms Considered Cash, Conventional
  • Type of Property Special Purpose
  • Water Source Public

1505 N State Rd 7th

Margate, FL 33063

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