Campus Style Office Complex

Office for Sale
Also listed as Vacant Land
Catylist Listing ID: 30061470
Property Subtypes: Business Park
Building Status: Under Construction
Building Size (RSF): 3,200 SF
Gross Building Area: See Agent
Gross Land Area: 2.40 Acres
Sale Price: $1,099,000
Unit Price: $343.44 PSF
Property Use Type: Net Leased Investment (NNN), Vacant/Owner-User
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 9/22/2017

Overview / Comments

Excellent opportunity to purchase and develop your own office park. Seller has constructed and leased the first building of this office project. The balance of the land, 1.9 +/- acres can be developed with another roughly 20,000 +/- square feet of office space single story space. Or with the new City of Bradenton Form Based Code increasing Floor Area Ratio and reducing parking requirements, it may be possible to construct up to 30,000-40,000 square feet in a multi-story building.

The first building is 3,200 +/- SF and is fully occupied with medical tenants currently producing a net income of $49,500 per year. The total price for the 2.4 +/- vacant acres along with the 3,200 +/- SF building is $1,099,000.

Alternatively you can purchase just the land which is a great office development opportunity on the busy S.R. 64 corridor less than one mile from downtown Bradenton and Manatee Memorial Hospital. Would be great site and location for professional office space wanting quick and easy access to downtown, West Bradenton and Lakewood Ranch, or medical office wanting close proximity to Manatee Memorial Hospital. This 1.9 +/- acre site is already zoned and could accommodate up to 20,000 SF of single story office construction either in one building or a campus style development of rental units, or 30,000-40,000 square feet in a multi-story building. This 1.9 +/- acre site is available for only $499,000.

Water lines exist on Manatee Avenue Side of property, Sewer lines are on 20th Street East. Buyer must verify access and capacity. Seller will grant an easement out to 20th Street East across other lands owned by Seller for ingress/egress and running the sewer lines.

Additional Details

Nearest MSA: North Port-Sarasota-Bradenton
County: Manatee
Tax ID/APN: 1239300309
Property Located Between: 19th Street East and 20th Street East
Property Visibility: Excellent
Area Description: High traffic, high visibility site on the busy SR 64 corridor between I-75 and downtown Bradenton. This corridor has lots of new development along it including Walmart, Home Depot, Culvers and new rental apartments as you drive west to downtown. Site is less than one mile from Manatee Memorial Hospital.
Total Number of Buildings: 1
Number of Stories: 1
Year Built: 2012
Zoning Description: T4-O, City of Bradenton allows for many uses including retail, office and residential. Residential can be constructed at 40 units per acre with density bonuses available. Commercial density is dictated by a 3 story height maximum, minimal setbacks, but normal water retention and parking requirements.

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 9,501 81,405 188,376
Median Age: 32.04 40.26 43.02
Households: 3,146 32,375 78,377
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