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: | 6/30/2022 |
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 |
© Copyright 2001-2022 Catylist. All Rights Reserved. The information presented herein is provided as is, without warranty of any kind. Neither My Florida Commercial Real Estate nor Catylist Real Estate Software, Inc. assume any liability for errors or omissions. |