Retail, restaurant or land on Manatee Ave.

Retail-Commercial for Sale
Catylist Listing ID: 30293036
Property Subtypes: Free-Standing Building, Restaurant, Tavern/Bar/Nightclub
Building Size (RSF): 7,480 SF
Gross Building Area: 9,344 SF
Gross Land Area: 1.60 Acres
Sale Price: $915,000
Unit Price: $122.33 PSF
Property Use Type: Investment
Building Name: 3 Keys Brewery & Eatery
Usable Size (USF): 7,480 SF
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Average Occupancy Rate: 100
Last Updated: 8/1/2018

Overview / Comments

Amazing opportunity to acquire a well maintained, leased brewery / eatery that was renovated in 2016 including a new roof, 3 new AC systems, re-plumbed and much more. Thriving business has a lease in place which allows for a good income and return (CAP rate of 8%) as property values continue to increase and growth along Manatee Ave (SR 64) continues to explode. This nearly 7500 SF building is on 1.6 acres of land with 190 feet of road frontage. The land has great value in itself.

Additional Details

Nearest MSA: North Port-Sarasota-Bradenton
County: Manatee
Taxing Authority: City of Bradenton
Tax ID/APN: 1325500005
Retail Clientele: General
Property Located Between: 24th St East and 27th St. East
Property Visibility: Excellent
Largest Nearby Street: US 41 Tamiami Trail
Feet of Frontage: 190
Traffic/Vehicle Count: 44,500
Highway Access: I 75 is 3.5 miles east of property.
Airports: Sarasota Bradenton Airport
Site Description: 1.6 acre lot with 190 feet of road frontage by 342 feet.
Area Description: Manatee Ave East is considered the main artery to downtown Bradenton and Bradenton beaches. Significant commercial growth has occurred along SR 64 / Manatee ave. Property is appoximately 3.5 miles to downtown and 3.5 miles to I 75
Tenancy: Single Tenant
Total Number of Buildings: 1
Number of Stories: 1
Property Condition: Excellent
Year Built: 1984
Year Renovated: 2016
Roof Type: Flat
Construction/Siding: Block
Total Parking Spaces: 74
Parking Type: Surface
Parking Description: Front and rear surface parking lot.
Heat Type: Electricity
Heat Source: Central
Air Conditioning: Package Unit
Interior Description: currently used as a brewery & eatery. The building has several large rooms, a very large kitchen and walk in coolers.
Zoning Description: UCC Urban Commercial Corridor allows for many uses such as retail, office, residential, storage,restaurants, health services, veterinarian and more. .
Water Service: Municipal
Sewer Type: Municipal
Land Ownership: Fee simple

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 9,839 71,373 184,431
Median Age: 32.33 40.15 42.88
Households: 3,630 28,059 76,404
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