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

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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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