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
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Average Occupancy Rate: 100
Last Updated: 5/3/2021

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

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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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