Landmark Downtown Bradenton Office Building

Office for Sale
Catylist Listing ID: 30831947
Property Subtypes: Office Building
Building Size (RSF): 35,878 SF
Gross Building Area: See Agent
Gross Land Area: 1.03 Acres
Sale Price: $5,495,000
Unit Price: $153.16 PSF
Property Use Type: Investment
Class of Space: Class B
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 2/28/2023

Overview / Comments

Ian Black Real Estate is pleased to present to opportunity to purchase a landmark building in the heart of Downtown Bradenton. Listed at $153 PSF the property is available well below replacement value, especially in today's competitive market. The building is the former home of the Bradenton Herald with ground floor offices now ready for occupancy. This vacancy is perfect for an owner occupier, while the second and third floors allow for future expansion or income potential. 85% of the offices on the second and third floors are currently leased at below market rates with short term leases. The property has 72 onsite parking spaces and is directly adjacent to the City of Bradenton's new parking garage with 500 parking spaces.

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Additional Details

Nearest MSA: North Port-Sarasota-Bradenton
County: Manatee
Tax ID/APN: 3294701009

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 9,064 94,726 188,869
Median Age: 37.63 40.34 43.41
Households: 3,738 37,905 79,178


Photograph of Listing Agent

Melissa Dawn Harris

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