Income Producing US-19 Development Site!

Vacant Land for Sale
Catylist Listing ID: 30663138
Property Subtypes: Office, Retail, Other
Gross Land Area: 2.73 Acres
Sale Price: $409,500
Unit Price: $150,000 Per Acre
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 11/2/2020

Overview / Comments

This fantastic location for a retail of office development is features direct US-19 frontage at the US-19 and US 41 southbound merger, capturing 28,000 cars per day. In addition, site features an income-producing billboard on the edge of the property line that generates $3,200 per year in rent on a long term lease. Thereby covering the cost of annual property taxes. A terrific opportunity for development in a high visibility - high traffic location!

- Direct US 19 frontage
- Located at US 19 / US 41 merger
- Income Producing Billboard
- 28,000 daily combined traffic count
- Blank slate ready for development!

Financials

Finance Data Year 2019
Assessed Value - Total($) $262,013 (Annual)
Real Estate Taxes - Annual($) $3,185 (Annual)

Additional Details

Nearest MSA: North Port-Sarasota-Bradenton
County: Manatee
Taxing Authority: Manatee
Tax ID/APN: 2380700001
Zoning: NC-M (NEIGHBORHOOD COMMERCIAL - MEDIUM)
Property Located Between: US-41 & 3rd Ave W
Property Visibility: Excellent
Legal Description: BEG AT SW COR OF E1/2 OF SE1/4 OF NE1/4 SEC 2, TH N 132 YDS, TH E 220C YDS, S 132 YDS W 220 YDS & LESS STRIP OF LAND OFF E SIDE 69.76 FT WD AT S END & 70.66 FT WD AT N END CONT .64 AC TO STATE FOR H/W R/W; ALSO BEG AT THE SE COR OF LOT 946, PALMETT POINT SUB, PB 8 PG 145,146, & 147, TH S 88 DEG 40 MIN 24 SEC E, 182.29 FT; TH S 1.81 FT TO THE NE COR OF LAND DESC AS PARCEL II IN OR 611 PG 869; TH IN A WLY DIRECTION ALONG THE NORTHERN BDRY OF SD PARCEL II TO THE NW COR THEREOF; TH N 15.67 FT TO THE SLY LN OF LOT 970, PALMETT POINT SUB, IF EXTENDED, TH S 88 DEG 40 MIN 24 SEC E TO THE POB; LESS THAT PART INCLUDED IN OR 1111 P 2150 PI#23807.0000/1
Largest Nearby Street: US-41
Feet of Frontage: 250
Traffic/Vehicle Count: 28,000
Highway Access: US-41 to I-275
Airports: Tampa International, St. Pete / Clearwater
Area Description: Located on the west side of US 19 Southbound, coming off of I-275 and the Skyway Bridge heading into Palmetto and Bradenton. Also located at the merge of US 41 and US 19
Lot Frontage: 250
Lot Depth: 307
Zoning Description: Neighborhood Commercial - Medium
Available Utilities: Electric, Water, Sewer, Cable
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 3,066 35,097 106,673
Median Age: 40.54 43.78 43.55
Households: 1,196 13,396 42,781

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