2.3 +/- Acre Office Development Site - PRICE REDUCED!

Vacant Land for Sale
Catylist Listing ID: 30061460
Property Subtypes: Multi-Family, Office, Retail, Retail-Pad
Gross Land Area: 2.30 Acres
Sale Price: $499,000
Unit Price: $216,956 Per Acre
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 5/29/2018

Overview / Comments

Great office development opportunity on the busy S.R. 64 corridor less than one mile from downtown Bradenton and Manatee Memorial Hospital. Would be great site and location for professional office space wanting quick and easy access to downtown, West Bradenton and Lakewood Ranch or medical office wanting close proximity to Manatee Memorial Hospital. Site is already zoned and could accommodate up to 20,000 SF of single story office construction either in one building or a campus style development of rental units. Or utilizing the new City of Bradenton Form Based Code with increased Floor Area Ratios and decreased parking requirements, you could construct up to 30,000-40,000 square feet in a multi-story building for retail, office or residential uses.

Seller also has the first building of this office project constructed and leased, and it could be added to the purchase, kick starting your ownership and development of the project. It is 3,200 +/- SF and is fully occupied with medical tenants currently producing a net income of $51,500 per year. The total price for the 2.3 +/- vacant acres along with the 3,200 +/- SF building on it's own half acre is $1,049,000.

Lastly the corner property could be added now as well increasing visibility and enhancing the development. Under separate ownership.

Water lines exist on Manatee Avenue Side of property, Sewer lines are on 20th Street East. Buyer must verify access and capacity.

Attachments & Media

Additional Details

Nearest MSA: North Port-Sarasota-Bradenton
County: Manatee
Taxing Authority: Manatee County
Tax ID/APN: 1239300209
Property Located Between: 19th St East and 20th St East
Property Visibility: Excellent
Area Description: High traffic, high visibility site on the busy SR 64 corridor between I-75 and downtown Bradenton. This corridor has lots of new development along it including Walmart, Home Depot, Culvers and new rental apartments as you drive west to downtown. Site is less than one mile from Manatee Memorial Hospital.
Zoning Description: T-4O City of Bradenton - Form Based Code allows retail, office and residential uses. Residential density is based on 40 units per acre with density bonuses available. Commercial density based on 3 story maximum height, minimal setbacks, but standards parking and retention requirements.

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 7,231 79,510 188,376
Median Age: 33.91 40.31 43.02
Households: 2,452 31,687 78,377
© Copyright 2001-2018 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.