Restaurant Near Cortez and US 301! Investment

Retail-Commercial for Sale
Catylist Listing ID: 30735700
Property Subtypes: Mixed Use, Restaurant, Other
Building Size (RSF): 8,244 SF
Gross Land Area: 52,500 SF
Sale Price: $895,000
Unit Price: $108.56 PSF
Property Use Type: Investment, Vacant/Owner-User
Usable Size (USF): 8,244 SF
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 8/31/2021

Overview / Comments

Investment opportunity near US-301 and Cortez Rd. Approximately 210 feet of frontage. 8,244 s/f functioning restaurant/bar. Open concept floor plan. Ample parking surrounding the building. 1.2-acre sized lot. Neighborhood Commercial Zoning allows for multiple uses.

Easy access to US-301 and US-41. Close proximity to multiple restaurants, large retailers, fast-food restaurants, and office/medical businesses. Visible signage on Cortez Rd.

Additional Details

Nearest MSA: North Port-Sarasota-Bradenton
County: Manatee
Taxing Authority: Manatee County
Tax ID/APN: 5588700004
Zoning: NEIGHBORHOOD COMMERCIAL-MEDIUM
Property Located Between: 44th Ave and US 301
Property Visibility: Excellent
Largest Nearby Street: 44th Ave E
Feet of Frontage: 210
Highway Access: US 301, US 41
Airports: SRQ, Tampa International
Total Number of Buildings: 1
Number of Stories: 1
Typical SF / Floor: 8,244 SF
Lot Frontage: 210
Lot Depth: 278
Legal Description: PARCEL 1: BEG AT THE NW COR OF SEC 12-35S-17E; TH RUN E 200 FT TO THE POB; TH RUN E 160 FT; TH RUN S 300 FT; TH RUN W 160 FT; TH RUN N 300 FT TO THE POB; TOGETHER WITH PARCEL 2: BEG AT THE NW COR OF SD SEC 12, AND RUN TH E AND ALG THE N LN OF SD SEC, THE DIST OF 360 FT, TO THE POB; RUN TH S A DIST OF 300 FT TO A PT; RUN TH E, A DIST OF 50 FT; RUN TH N AND PARALLEL TO

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 13,884 114,171 197,824
Median Age: 48.69 41.36 44.37
Households: 6,567 47,713 84,414

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