Incredible Investment Property!

Office for Sale
Catylist Listing ID: 30737386
Property Subtypes: Medical, Office Building
Building Size (RSF): 15,905 SF
Gross Land Area: 0.99 Acres
Sale Price: $1,900,000
Unit Price: $119.46 PSF
Ceiling: 9 ft.
Property Use Type: Investment
Building Name: 2424 Executive Center
Class of Space: Class B
Usable Size (USF): 15,842 SF
Sale Terms: Cash to Seller
Cap Rate: 5.41%
Average Occupancy Rate: 92
Last Updated: 7/7/2021

Overview / Comments

MS&C Commercial is proud to bring this offering to market for the savvy and intelligent owner-investor looking for financial security through a wise acquisition of a well-maintained multi-tenant office building.

This two story office building has been meticulously cared for and managed by one local owner for nearly 30 years. It currently features 8 tenants. Many of whom are in long term lease agreement - or have been happy, renewing tenants for many years. Currently there is only one vacancy of a single 1,000 sq. ft. office.

- Meticulously Maintained
- Longstanding Tenancy
- Only one current suite vacant
- Prime Manatee Location
- One owner for last 30 years
- Block construction, Roof with warranty

Call today to schedule a tour of the space before it's gone!

Attachments & Media

Additional Details

Nearest MSA: North Port-Sarasota-Bradenton
County: Manatee
Taxing Authority: City of Bradenton
Tax ID/APN: 3400800003
Zoning: URBAN VILLAGE
Property Located Between: Near Corner of Manatee Ave. West and 26th St. W.
Property Visibility: Excellent
Highway Access: State Road 64 (Manatee Ave)
Airports: Sarasota-Bradenton, St. Pete-Clearwater, Tampa International
Site Description: Located on the outskirts of downtown Bradenton near the riverfront, this exquisitely maintained office complex features direct frontage along a very busy Manatee Avenue leading into and out of the business district. Easy access, great visibility, meticulously maintainted!
Total Number of Buildings: 1
Number of Stories: 2
Typical SF / Floor: 7,952 SF
Year Built: 1972
Year Renovated: 2010
Roof Type: Flat
Construction/Siding: Block
Exterior Description: 15,905 sq. foot, 2 story multi-tenant office building on main thoroughfare with large paved and lighted parking lot
Parking Ratio: 3.7 (per 1000 SF)
Parking Type: Surface
Parking Description: Large Paved Parking Lot, Well Lit with approximately 50 spaces
Total Parking Spaces: 50
Passenger Elevators: 1
Sprinklers: None
Heat Type: Electricity
Heat Source: Central
Air Conditioning: Engineered System
Internet Access: Cable, DSL
Interior Description: Central Common area lobby and hallways. Suites on left and right. Both floors have men's and women's common area restrooms at rear of floors
Zoning Description: Urban Village: This District is designed to facilitate continued use of already developed high density residential development and to provide for a compact, Mixed-use center of activity with neighborhood and community serving uses at a pedestrian scale and character
Lot Frontage: 195
Lot Depth: 225
Water Service: Municipal
Sewer Type: Municipal
Land Ownership: Harry Bakker
Legal Description: S 236 FT OF LOT 5 LESS ANY PORTION FOR STRS TO CITY AND H/W R/W FOR H/W 64 WILLEMSEN SUB PI#34008.0000/3

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 9,966 99,682 182,549
Median Age: 40.12 43.24 43.79
Households: 4,245 41,909 76,908

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