Unbelievable Mixed-Use Downtown Development Site!

Retail-Commercial for Sale
Catylist Listing ID: 30426315
Property Subtypes: Car Wash, Convenience Store, Free-Standing Building, Garden Center, Mixed Use, Movie Theatre, Parking Facility, Post Office, Restaurant, Retail-Pad, Service Station/Gas Station, Street Retail, Tavern/Bar/Nightclub, Vehicle Related, Other
Building Size (RSF): 14,584 SF
Gross Building Area: 15,628 SF
Gross Land Area: 2.33 Acres
Sale Price: $2,199,000
Unit Price: $150.78 PSF
Property Use Type: Investment, Vacant/Owner-User, Business
Usable Size (USF): 14,584 SF
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 7/6/2019

Overview / Comments

An incredible opportunity at a mixed use development site and steps from the downtown Palmetto waterfront! Excellent direct frontage along US 41 with 30,000 cars a day. Commercial Corridor zoning make it a perfect site for strip retail or automotive driven development. And a large enough footprint for Apartments or Condos with breathtaking waterfront views. In addition, this site is located in the City Of Palmetto's economic redevelopment area and eligible for grant programs. Take advantage of this amazing offering before it's gone!

-Economic Incentives available
-Paved lot creates little to no impact fees
-Month to Month tenant in place can vacate quickly
-Ingress/Egress on 3 sides
-Nearly a full city block

Attachments & Media

Financials

Finance Data Year 2018
Real Estate Taxes - Annual($) $22,633 (Annual)
Tax Value Land $479,675
Tax Value Improvements $466,405
Assessed Value - Total($) $946,080 (Annual)

Additional Details

Nearest MSA: North Port-Sarasota-Bradenton
County: Manatee
Taxing Authority: Manatee County
Tax ID/APN: 2755400005, 2755000003, 2756500001
Zoning: CC
Retail Clientele: General, Family, Business, Traveler, Tourist, Recreation, Convention, Other
Property Located Between: US-41 & 9th Ave W
Property Visibility: Excellent
Largest Nearby Street: US-41
Feet of Frontage: 290
Traffic/Vehicle Count: 295,000
Highway Access: US-41 to I-275
Airports: Tampa International/Sarasota-Bradenton International
Total Number of Buildings: 4
Number of Stories: 1
Property Condition: Fair
Year Built: 1981
Lot Frontage: 290.0
Lot Depth: 385.0
Water Service: Municipal
Sewer Type: Municipal
Land Ownership: CTR Land, LLC
Legal Description: BEG 70 YDS W & 25 FT N OF SE COR OF SW COR OF SEC 14; TH RUN W 190 FT; TH N 290 FT; TH E 190 FT; TH S 290 FT TO THE POB AS DESC IN OR 903 P 1449, SUBJ TO F P L EASMT AS DESC IN OR 944 P 847 PRMCF P-41-S & P-42-S PI#27554.0000/5

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 11,873 69,807 166,931
Median Age: 41.57 40.05 43.38
Households: 4,550 26,655 70,051

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