Catylist ID:
#30676168
Incredible One Acre US 41 Development Site!
Retail-Commercial
for Sale
Also listed as Vacant Land
| Catylist Listing ID: | 30676168 |
| Property Subtypes: | Convenience Store, Free-Standing Building, Mixed Use, Restaurant, Retail-Pad, Street Retail, Tavern/Bar/Nightclub, Other |
| Building Size (RSF): | 5,106 SF |
| Gross Building Area: | See Agent |
| Gross Land Area: | 1.08 Acres |
| Sale Price: | $725,000 |
| Unit Price: | $141.99 PSF |
| In Opportunity Zone? | Yes |
| Property Use Type: | Investment |
| Building Name: | Turtle Bay Lounge + Duplex Site |
| Sale Terms: | Cash to Seller |
| Cap Rate: | Undisclosed |
| Average Occupancy Rate: | 100 |
| Last Updated: | 12/30/2020 |
Overview / Comments
|
PLEASE RESPECT SELLER'S WISH FOR CONFIDENTIALITY! This full one acre site is brimming with potential for a wide array of uses. For the savvy investor looking for a good return of capital, the parcel features a corner location hospitality business that has been in business for a substantially long amount of time, and in addition features a large duplex (approx 2,058 sq. ft.) that has a shared pool in the back. For the developer who is looking for the next great acquisition site - this parcel features tons of visibility and open space options on a corner location and features new development happening all around it. This parcel can even appeal to the hopsitality-based owner/user who would like to take over operations of the bar and have the added luxury and financial security of having residential tenants on the rear of the property offsetting your operating costs. All in all, this property has wide appeal to an active buyer looking for a great investment! Call us today for more information on the site or to schedule a walk through tour. |
Additional Details
| Nearest MSA: | North Port-Sarasota-Bradenton |
| County: | Manatee |
| Taxing Authority: | Manatee County |
| Tax ID/APN: | 4888700004 |
| Zoning: | GC,RSF-6 |
| Retail Clientele: | General, Business, Traveler, Tourist, Recreation, Other |
| Property Located Between: | Downtown Bradenton and Cortez Road on US 41 |
| Property Visibility: | Excellent |
| Largest Nearby Street: | US 41 - Tamiami Trail |
| Feet of Frontage: | 150 |
| Traffic/Vehicle Count: | 30,000 |
| Highway Access: | SR 64 East is closest Interstate corridor |
| Airports: | Bradenton-Sarasota, St. Pete-Clearwater, Tampa International |
| Site Description: | Parcel is split in half with a street retail hospitality use building on the west side, and a residential duplex with pool on the property that makes up the eastern half. |
| Tenancy: | Multiple Tenants |
| Total Number of Buildings: | 2 |
| Number of Stories: | 1 |
| Property Condition: | Average |
| Construction/Siding: | Stucco |
| Parking Type: | Surface |
| Parking Description: | Large Surface Parking Area on Site |
| Heat Type: | Electricity |
| Heat Source: | Central |
| Air Conditioning: | Engineered System |
| Internet Access: | Cable |
| Zoning Description: | General Commercial and Residential Single Family (6) |
| Lot Frontage: | 150 |
| Lot Depth: | 325 |
| Water Service: | Municipal |
| Sewer Type: | Municipal |
| Legal Description: | LOTS 1,2,3, BLK C, THE PALMS, LESS RD R/W, LOTS 4, 5,6,7 BLK C, THE PALMS PI#48887.0000/4 |
Demographic Statistics
| Proximity: | 1 mile | 3 miles | 5 miles |
|---|---|---|---|
| Total Population: | 21,775 | 109,961 | 191,656 |
| Median Age: | 42.21 | 41.5 | 44.09 |
| Households: | 9,775 | 46,243 | 81,327 |
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