Fantastic Investment Opportunity!

Retail-Commercial for Sale
Catylist Listing ID: 30177678
Property Subtypes: Free-Standing Building, Mixed Use, Service Station/Gas Station, Street Retail, Vehicle Related
Building Size (RSF): 7,058 SF
Gross Land Area: 0.84 Acres
Sale Price: $775,000
Unit Price: $109.80 PSF
Property Use Type: Investment
Building Name: Bradenton Auto Clinic & Manatee Towing
Usable Size (USF): 7,058 SF
Sale Terms: Cash to Seller
Cap Rate: 7.0%
Average Occupancy Rate: 100
Last Updated: 11/22/2017

Overview / Comments

Exciting New Downtown Investment Property for Sale. This .84 acre site houses both the Bradenton Auto Clinic and Manatee Towing Company as a sublet outparcel. 
 
Main tenant is in the 1st year of a 10 year lease renewal, paying a triple net lease and has been operating on the site since 2011. Property is generating a healthy cap rate return of 7%
 
Take advantage of this secure and stable investment opportunity, as Downtown Bradenton's values and demand continue to rise!

Current Tenants

Tenant Business Name Bradenton Auto Clinic
Industry Type Retail Trade
Is Renting? Yes
Tenant Business Name Manatee Towing
Industry Type Retail Trade
Is Renting? Yes

Additional Details

Nearest MSA: North Port-Sarasota-Bradenton
County: Manatee
Taxing Authority: City of Bradenton
Tax ID/APN: 3170800109
Zoning: BR_T5
Property Located Between: Manatee Avenue East & Manatee Avenue West
Largest Nearby Street: Manatee Ave. W.
Feet of Frontage: 225
Traffic/Vehicle Count: 20,500
Highway Access: SR 64 East to I-75, US-41 to I-275
Airports: Bradenton-Sarasota, St. Pete - Clearwater, Tampa International
Area Description: Eastern edge of downtown Bradenton, health and wellness district
Tenancy: Multiple Tenants
Total Number of Buildings: 2
Number of Stories: 1
Property Condition: Average
Year Built: 1977
Roof Type: Flat
Construction/Siding: Block
Parking Type: Surface
Parking Description: Concrete parking lot
Heat Type: Electricity
Heat Source: Central
Air Conditioning: Engineered System
Internet Access: Cable, DSL
Zoning Description: T-5 Urban Center Zone consists of higher density mixed use buildings that accommodate retail, offices, rowhouses and apartments. It has a tight network of streets, with wide sidewalks, steady street tree planting and buildings set close to the sidewalks.
Lot Frontage: 225
Lot Depth: 175
Water Service: Municipal
Sewer Type: Municipal
Land Ownership: HJB PROPERTIES #1 LLC
Legal Description: BEG AT THE NW COR OF LOT 1, BLK E,HIGH SCHOOL ADDITION TO MANATEE, AS PER PLAT THEREOF REC IN PB 2 PG 41, OF PRMCF; TH S 00 DEG 01 MIN 31 SEC W ALG THE E R/W LNOF 7TH ST E, A DIST

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 7,687 95,206 193,610
Median Age: 32.28 40.77 43.93
Households: 2,515 38,275 81,734

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