1505 N State Road 7

Highlights:

• Lot Features: City Location
• Cooling: Central Building A/C
• Heating: Central Electric, Central Building A/C
• Electric: 110 Volts Power
• Flooring: Tile
• Construction Materials: CBS Construction
• Parking Features: Free Parking, Other
• Security Features: Smoke Detector(s)

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