Bought with Compass Florida LLC
$1,680,000
$2,325,000
27.7%For more information regarding the value of a property, please contact us for a free consultation.
7504 N State Road 7 RD Coconut Creek, FL 33073
0.82 Acres Lot
Key Details
Sold Price $1,680,000
Property Type Vacant Land
Sub Type Commercial Land
Listing Status Sold
Purchase Type For Sale
Subdivision M & S Office Plat
MLS Listing ID RX-10683376
Sold Date 04/05/21
HOA Y/N No
Annual Tax Amount $17,837
Tax Year 2020
Lot Size 0.818 Acres
Property Description
Extremely rare opportunity to purchase or lease a regularly shaped development parcel in the thriving retail corridor of Coconut Creek. With more that 53k cars passing the site each day, the parcel sits at the borders of Coconut Creek, Parkland, and Boca Raton. The property has the very unique designation of Coconut Creek's Medical Services Overlay District, which fully allows for the development and operation of medical marijuana treatment centers and cannabis dispensaries. However, medical use is not a requirement of the site and a QSR with drive-thru or a freestanding retail building would also be an optimal use of the highly commercial corridor. Ownership is flexible. Sale is preferred, but a ground lease or build-to-suit will be considered for credit worthy tenants.
Location
State FL
County Broward
Area 3511
Zoning Commercial
Exterior
Utilities Available Electric Service Available, Municipal Sewer, Public Water
Exposure West
Building
Lot Description 1/2 to < 1 Acre
Others
Acceptable Financing Cash, Cryptocurrency, Lease Option
Horse Property No
Listing Terms Cash, Cryptocurrency, Lease Option
Financing Cash,Cryptocurrency,Lease Option
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