Catylist ID:
#30793540
Centralized Downtown Bradenton Building
Retail-Commercial
for Sale
| Catylist Listing ID: | 30793540 |
| Property Subtypes: | Convenience Store, Mixed Use, Movie Theatre, Restaurant, Tavern/Bar/Nightclub, Other |
| Building Size (RSF): | 15,282 SF |
| Gross Building Area: | See Agent |
| Sale Price: | $1,995,000 |
| Unit Price: | $130.55 PSF |
| Property Use Type: | Investment, Vacant/Owner-User |
| Sale Terms: | Cash to Seller |
| Cap Rate: | Undisclosed |
| Last Updated: | 11/15/2022 |
Overview / Comments
|
Take our virtual tour: https://my.matterport.com/show/?m=1ZiV27GRQ6b Approx. 10,334 sf. ft. ground floor retail space. Very light & bright. Three stores, approximately 4,077, 3,212 and 3,045. Ceiling heights: 16', 12' and 11'. Second floor of approximately 4,000 sq. ft., with beautiful wood framed trusses. Newly sprinklered, heavy duty electric service. Location: In Bradenton's Historic District. One block from the Manatee County Courthouse and 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 Building and the Bank of America Building. One block from Bradenton Financial Center (with the well-known restaurant Sage Cafe). Over 10,000 people work downtown. Parking: Large public parking lot directly behind the building. One block from the judicial center parking garage with 223 spaces. Net Leased: Only landlord obligations : taxes, insurance, roof & structure. (Pro Forma) Stores A: 530 13th Street; 3,035 sq. ft. Vacant, value $15 psf or $45,525 p/a (Pro Forma) Store B: 526 13th Street; 3,212 sq. ft., Vacant, value at $15 psf $48,180 p/a Store C: 522 13th Street: 4,077 sf. Erpo, LLC, bakery & cafe; 6/1/21-10/31/26; $50,962 p/a, $4,246.88/mo, starting 11/1/2021. Tenant committed to investing @ $200,000+ into the space. Lease includes 4,000 sf 2nd floor space. Lease guaranteed by the principals. One 5 year extension option. Extremely low rent of $6.37 psf for space of @ 8,000 sf provides considerable upside. Projected Est. Income: $144,677 Less Property Taxes & Insurance: $6,741 (2020) & $7,500 = $14,241 Estimated profit: $130,426 |
Attachments & Media
Additional Details
| Nearest MSA: | North Port-Sarasota-Bradenton |
| County: | Manatee |
| Tax ID/APN: | 3299700059 |
Demographic Statistics
| Proximity: | 1 mile | 3 miles | 5 miles |
|---|---|---|---|
| Total Population: | 12,697 | 97,772 | 183,340 |
| Median Age: | 38.67 | 40.76 | 43.31 |
| Households: | 5,110 | 39,787 | 77,018 |
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