Downtown Bradenton Mixed-Use Development Site

Vacant Land for Sale
Catylist Listing ID: 30589642
Property Subtypes: Hospitality, Multi-Family, Office
Gross Land Area: 1.54 Acres
Sale Price: $1,950,000
Unit Price: $1,266,233 Per Acre
Adjacent Parcels Available: Yes
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 9/4/2020

Overview / Comments

This incredible 1.5+/- acre downtown development site centrally located between U.S. 41, Business 41, Manatee Avenue West and the banks of the Manatee River. You can't get more centrally located than that with potential views of the beautiful Manatee River. The site is a short walk to the acclaimed Bradenton Riverwalk, Old Main Street's restaurants and bars, The Bishop Museum, The Manatee Performing Arts Center and other downtown amenities.

The site is zoned T-6, Urban Core which is the most intense designation in the City of Bradenton's form-based code, allowing for a base density of 60 units/acre (up to 200 units/acre subject to City Council approval), max height of 8 stories (up to 20 stories with height bonuses), and the greatest variety of uses. There is a 40' wide right-of way running through the property that was previously vacated for the current owner's development plans. However the vacation is plan-specific and must be reapplied for with new development plans.

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Additional Details

Nearest MSA: North Port-Sarasota-Bradenton
County: Manatee
Taxing Authority: City of Bradenton
Tax ID/APN: 3283800209
Zoning: T-6, URBAN CORE
Property Located Between: Business 41 (9th Street West) & 3rd Avenue West
Largest Nearby Street: Business 41 (9th Street West)
Area Description: Located in the heart of the Downtown Bradenton Central Business District between U.S. 41, Business 41, Manatee Avenue West and the banks of the Manatee River. The development site is located very close to many large employers including Manatee Memorial Hospital, Manatee County Government, Sunz Insurance and Tropicana among others. Also located immediately adjacent to the Manatee County Central Energy Chiller plant which has excess capacity that could benefit a large-scale project on this site. This $12 Million plant offers a more energy efficient way to provide cold-water energy to air condition buildings. In the past year, downtown Bradenton has seen significant private and public investment, including the $22-million Marriott SpringHill Suites hotel and rooftop bar operated by Oak & Stone, the city’s new $12.5-million 500-space parking garage, the $4.5-million Twin Dolphin Marina expansion and renovation, the $12-million South Florida Museum expansion/renovation project and a $6-million streetscaping project on Old Main Street.
Zoning Description: Base density of 60 units/acre (up to 200 units/acre subject to City Council approval) and max height of 8 stories (up to 20 stories with height bonuses) Most allowable uses in the Form-Based Code
Easements: Electric Lines, Ingress/Egress, Utilities

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 7,917 93,284 193,180
Median Age: 36.57 40.22 43.59
Households: 3,259 37,345 81,174
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