Great 1031! Hard Corner 100% LEASED

Retail-Commercial for Sale
Catylist Listing ID: 30713309
Property Subtypes: Mixed Use, Tavern/Bar/Nightclub, Other
Building Size (RSF): 3,500 SF
Gross Building Area: See Agent
Sale Price: $997,000
Unit Price: $284.86 PSF
Property Use Type: Investment
Sale Terms: Cash to Seller
Cap Rate: 6.82%
Average Occupancy Rate: 100
Last Updated: 7/19/2021

Overview / Comments

Make an Offer!
Newly Renovated Building with Strong Net Leased Income Property!
Outstanding Downtown Retail Corner Building At Signalized Intersection with a Prominent location!

Two stores, totaling about 3,500 sq. ft., consisting of a corner store of about 2,172 sq. ft. Kava Social Club is located in unit 540. Kava Social has invested an abundance of capital to improve this space that now includes an outside Tiki Bar. Kava has signed a brand new lease that started in January of 2021 that will run until April 2025.

The second store has about 1,341 sq. ft. with a tenant called High Tide Nutrition. High Tide has been a tenant since September of 2018 with the current lease ending October 15th 2024.

Per the seller the building has New HVACs, new wiring and roof is in excellent condition.

Property is located in Bradenton's Historic District. One block from the Manatee County Courthouse & in the center of Downtown's governmental and legal district. Across the street from two of Bradenton's largest Class A office buildings: the Sunz Insurance headquarters and the Bank of America Building (just bought by Sunz Insurance!). One block from Bradenton Financial Center. For over 50 years this was home to Fosters Drugs. Exceptional visibility, as virtually all Bradenton traffic heading east along Manatee Avenue must pass by this property and slow down, as road curves to a traffic light at the corner of the building at Sixth Avenue and 13th Street.

Additional Public Parking is located behind this property!

***Please do not disturb the tenants.
***NDA must be completed for current rent roll and review of leases.

Additional Details

Nearest MSA: North Port-Sarasota-Bradenton
County: Manatee
Tax ID/APN: 3300100009
Zoning: T5
Property Visibility: Excellent
Tenancy: Multiple Tenants
Property Condition: Excellent
Year Built: 1926
Year Renovated: 2020

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 12,697 98,846 184,023
Median Age: 38.67 41.1 43.42
Households: 5,110 40,389 77,460

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