Fully Leased, Mixed Use 7 Cap Investment Opportunity!

Retail-Commercial for Sale
Also listed as Office, Hospitality
Catylist Listing ID: 30766580
Property Subtypes: Free-Standing Building, Mixed Use, Restaurant, Street Retail, Other
Building Size (RSF): 44,270 SF
Gross Land Area: 1.84 Acres
Sale Price: $4,850,000
Unit Price: $109.56 PSF
In Opportunity Zone? Yes
Property Use Type: Investment
Building Name: Central Plaza
Usable Size (USF): 44,270 SF
Sale Terms: Cash to Seller
Cap Rate: 7.0%
Average Occupancy Rate: 77
Last Updated: 10/21/2021

Overview / Comments

MS&C Commercial is proud to bring this incredible investment offering to market. Located in the heart of the Riverwalk East area central to Downtown Bradenton's Historic Manatee district - this amazing mixed-use investment offering boasts a wide array of tenants. Several who have been in place very successfully for long terms.

This asset has had a single owner for over 3 decades and has been regularly maintained and managed. Building had a full facade renovation done in 2004. As well as metal roof installation for a large portion. Remaining flat membrane roof just replace in 2021.

Call us today for an overview of the property and take advantage of an extraordinary opportunity before it's gone!

Contact agent for an NDA

Additional Details

Nearest MSA: North Port-Sarasota-Bradenton
County: Manatee
Taxing Authority: Manatee County
Tax ID/APN: 3141210058
Zoning: T5 - URBAN
Retail Clientele: General, Family, Business, Traveler, Tourist
Property Located Between: 9th St. E. and SR 64 westbound
Property Visibility: Excellent
Largest Nearby Street: Manatee Ave. East
Feet of Frontage: 270
Traffic/Vehicle Count: 36,500
Airports: Bradenton-Sarasota, St.Pete-Clearwater, Tampa International
Site Description: Located on the SW corner of a lighted intersection at the heart of the Riverwalk East neighborhood of the Historic Old Manatee District
Area Description: Located in Bradenton's Antique District - Zoned C-IA
Tenancy: Multiple Tenants
Total Number of Buildings: 1
Number of Stories: 2
Property Condition: Good
Year Built: 1970
Total Parking Spaces: 79
Parking Type: Surface
Parking Description: Asphalt Surface Parking
Sprinklers: Wet
Heat Type: Electricity
Heat Source: Central
Air Conditioning: Engineered System
Internet Access: Cable
Interior Description: Mixture of retail spaces, offices and flex warehouse
Zoning Description: Located in Bradenton's Antique District - Zoned C-IA
Lot Frontage: 270.0
Lot Depth: 396.0
Water Service: Municipal
Sewer Type: Municipal
Land Ownership: Harry Bakker
Legal Description: COM AT THE INTERSEC OF THE S R/W LN OF MAN AVE E & THE W R/W LN OF 9TH ST E; FOR THE POB; TH CONT N 89 DEG 44 MIN 59 SEC W, ALG SD S R/W LN, 280.39 FT TO A PT LY 20 FT E OF, AT R/A

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 7,687 95,206 191,928
Median Age: 32.28 40.77 43.76
Households: 2,515 38,275 80,840

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