Great Retail Opportunity for Existing Gas Station or Related Business

Retail-Commercial for Sale
Catylist Listing ID: 30800649
Property Subtypes: Convenience Store, Free-Standing Building, Service Station/Gas Station
Building Size (RSF): 5,604 SF
Gross Building Area: See Agent
Gross Land Area: 0.55 Acres
Sale Price: $1,200,000
Unit Price: $214.13 PSF
Property Use Type: Vacant/Owner-User
Sale Terms: Undisclosed
Cap Rate: Undisclosed
Last Updated: 5/2/2022

Overview / Comments

This property currently hosts a Marathon branded gas station and convenience store. The property can be purchased by an owner to run or keep the existing operator in place. Alternate or additional uses could include auto-related businesses based on the Commercial Core zoning. The property is well located in Palmetto and surrounded by strong businesses including South State Bank, Bank of Ozark, Suzuki Dealership, Palmetto City Hall, and Oil Master Quick Lube.

Additional Details

Nearest MSA: North Port-Sarasota-Bradenton
County: Manatee
Tax ID/APN: 2780700059
Zoning: CC
Site Description: Legal Description: COM AT THE SW COR OF THE SE 1/4 OF SEC 14, TWN 34S, RNG 17E ; TH N ALG THE W LN OF SD SE1/ 4, 255.00 FT; TH S 89 DEG 49 MIN 05 SEC E, 30.00 FT TO THE E R/W LN OF 8TH AVE W FOR A POB; TH N ALG THE SD E R/W LN OF 8TH AVE W, 145.00 FT TO THE S R/W L N OF 5T H ST W; TH S 89 DEG 49 MIN 05 SEC E, ALG SD S R/W LN 1 80.00 FT; TH S 145.00 FT; TH N 89 DEG 49 MIN 05 SEC W 180.00 FT T O LISTING INFORMATION MLS Listing Number M95113 MLS Listing Date 07/25/2003 MLS Status Sold MLS Listing Price $475,000 MLS DOM 270 MLS Orig. Listing Price $575,000 MLS Status Change Date 09/15/2015 MLS Sale Date 06/25/2004 MLS Area 34221 - PALMETTO/RUBONIA MLS Sale Price $400,000 MLS Listing # A242480 MLS Status Sold MLS Listing Date 07/25/2003 MLS Listing Price $475,000 MLS Orig Listing Price $575,000 MLS Sale Date 06/25/2004 MLS Sale Price $400,000 MLS Expiration Date 07/25/2004
Year Built: 2005
Year Renovated: 2014
Zoning Description: Commercial Core

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 10,615 67,814 166,931
Median Age: 40.15 39.51 43.38
Households: 3,845 25,498 70,051

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