Incredible Downtown Opportunity!

Office for Sale
Catylist Listing ID: 30169973
Property Subtypes: Executive Suites, Governmental, Office Building
Building Size (RSF): 45,228 SF
Gross Land Area: 1.74 Acres
Sale Price: $2,900,000
Unit Price: $64.12 PSF
Property Use Type: Investment, Business
Building Name: Manatee Office Center
Class of Space: Class C
Usable Size (USF): 44,055 SF
Sale Terms: Cash to Seller
Last Updated: 10/2/2017

Overview / Comments

Take advantage of an incredible opportunity directly in the path of redevelopment and rejuvenation! This 3 story 45,000 square foot office building is full of possibilities = large scale office, government, healthcare. It's previous as a retirement home also opens up possibilities of apartments or Hotel use.

2 Elevators, Plenty of parking and an adjacent additional lot is also included in the sale of the property (.25 acres - 518 5th St. E.) that's also ready for use and development. First floor currently houses a 6,500 sq. ft. tenant that is open to relocation, should the need for full development be needed.

Downtown Bradenton is well into the processes of a complete rebirth, and upcoming residential projects Preserve at Riverwalk and the Addison place this location on a major interstate thoroughfare right in a gentrifying area. Don't let this amazing opportunity pass you by!

Current Tenants

Tenant Business Name Department of Juvenile Justice
Industry Type Public Administration
Is Renting? Yes
SF of Space Occupied 6,500 SF

Additional Details

Nearest MSA: North Port-Sarasota-Bradenton
County: Manatee
Taxing Authority: City of Bradenton
Tax ID/APN: 3167200009, 3168000002
Zoning: T5 - URBAN
Property Visibility: Excellent
Highway Access: SR-64 to I-75
Airports: Bradenton-Sarasota, St. Pete-Clearwater, Tampa International
Site Description: Combined total of 1.74 Acres
Area Description: Located directly on SR-64 westbound, just blocks east of the 64 / 301 intersection at Manatee Memorial Hospital.
Total Number of Buildings: 1
Number of Stories: 3
Typical SF / Floor: 14,685 SF
Year Built: 1970
Roof Type: Flat
Construction/Siding: Block
Exterior Description: Stucco Finish
Parking Type: Structure
Parking Description: Extremely large parking lot, covered overhang at front doors, additional quarter acre lot located next door
Total Parking Spaces: 77
Passenger Elevators: 2
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: 205
Lot Depth: 269
Water Service: Municipal
Sewer Type: Municipal
Land Ownership: Beverly Associates, LLLP
Legal Description: PARCEL 1: LOTS 1-5 INCL THE N1/2 OF VAC ALLEY ADJACENT THERETO, EXCEPT THE N 7 FT OF SD LOTS 1-5 & W 10 FT OF SD LOT 1, PARCEL 2: LOTS 18-22 INCL THE S1/2 OF VAC ALLEY (parcel #2) LOTS 12,13 BLK C HIGH SCHOOL ADD PI#31680.0000/2

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 7,469 95,543 192,294
Median Age: 33.71 40.76 43.8
Households: 2,457 38,697 81,096

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