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Restaurant

Fully Operating Restaurant

1821 N State Rd 7, Margate, FL 33063

Listing Price: $2,385,000

Tenant Name
N/A
Guarantor
No Guarantee
Rentable SF
3,082
Lease Type
NNN Ground Lease

Investment Overview

Marcus & Millichap is proud to present for sale 1821 N State Road 7 located in Margate FL, 33063 an approximately 3,000 square foot restaurant situated on a 23,480, square foot parcel. This restaurant has approximately 100 feet of frontage on North State 7, with traffic counts of over 53,000 vehicles per day.
The buildings was originally constructed in 1973 and in 2019 the property was gut renovated into a Vietnamese restaurant. The renovation included but is not limited to electrical, plumbing, throughout entire property, grease trap, parking lot, an addition of a patio area, roof with new mesh, windows, doors and outside fence. The renovation cost in excess of $600,000.
The subject has a small second floor with a men’s and women’s restroom and is currently being used as storage for food and paper products. At the time of sale all food service equipment is included in the sale, including an active beer & wine license.

1821 N State Road is a turnkey restaurant operation; easy to move-in, little to no capital improvements and ready to open for customers.

Investment Highlights

  • $600,000 In Recent Capital Improvements
  • Activate Beer & Wine License Included
  • Additional Outdoor Covered Seating
  • Turn-key Operation
  • Over 100' Feet of Frontage

Exclusively Listed By

Financing By

Restaurant

Fully Operating Restaurant

Listing Price: $2,385,000

Tenant Name
N/A
Guarantor
No Guarantee
Rentable SF
3,082
Lease Type
NNN Ground Lease

Investment Highlights

  • $600,000 In Recent Capital Improvements
  • Activate Beer & Wine License Included
  • Additional Outdoor Covered Seating
  • Turn-key Operation
  • Over 100' Feet of Frontage

Investment Overview

Marcus & Millichap is proud to present for sale 1821 N State Road 7 located in Margate FL, 33063 an approximately 3,000 square foot restaurant situated on a 23,480, square foot parcel. This restaurant has approximately 100 feet of frontage on North State 7, with traffic counts of over 53,000 vehicles per day. The buildings was originally constructed in 1973 and in 2019 the property was gut renovated into a Vietnamese restaurant. The renovation included but is not limited to electrical, plumbing, throughout entire property, grease trap, parking lot, an addition of a patio area, roof with new mesh, windows, doors and outside fence. The renovation cost in excess of $600,000. The subject has a small second floor with a men’s and women’s restroom and is currently being used as storage for food and paper products. At the time of sale all food service equipment is included in the sale, including an active beer & wine license. 1821 N State Road is a turnkey restaurant operation; easy to move-in, little to no capital improvements and ready to open for customers.

Exclusively Listed By

Financing By

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