Auto Dealership Property for Sale

Industrial for Sale
Sale Pending/Contingent
Catylist Listing ID: 30793177
Property Subtypes: Light Industrial
Status: Pending/Contingent
Building Size (RSF): 14,000 SF
Gross Building Area: See Agent
Sale Price: $4,250,000
Unit Price: $303.57 PSF
Office SF: 7,000 SF
Drive In Bays: 8 Bays
Property Use Type: Vacant/Owner-User
Sale Terms: Cash to Seller, Owner Financing, Sale/Leaseback
Cap Rate: Undisclosed
Last Updated: 11/15/2022

Overview / Comments

8.27 Acres w/ approx. 950 ft of road frontage on 15th St E
- Heavy Commercial Zoning
- Room for approximately 70,000 sf of buildings - Original site plan demonstrates 4 additional buildings between 8,000 sf and 12,000 sf
- Room for approx. 622 parking spaces w/ current building in place
- 20 year old existing building with:
- 14,000 sf 1st floor space currently configured w/ approx. 7,000 sf warehouse,
approx. 7,000 sf office / showroom space. Most of the office could be
demolished to create more high bay space
- 8,200 sf permanent canopy space wrapping around the two sides and front
constructed with structural steel, fully sprinkled and could easily be closed in
to create additional interior space
- 6,250 sf 2nd floor space w/ heavy floor loading, currently unfinished

- Warehouse ceiling heights: Clearspan with 43 feet at the center & 20+ feet at the
eve line

- Entire building and canopy is sprinklered

- (8) 16ft overhead doors - (4) on the south side, (3) on the north side and one (1)
the east side
- Over 1 acre of concrete and paved yard / parking
- Current use is Dealership Sales as per Manatee County Appraiser

Owner will consider Financing.
Owner will consider leasing - $21,000 NNN /month (on approx. 5 acres)

Additional Details

Nearest MSA: North Port-Sarasota-Bradenton
County: Manatee
Taxing Authority: Manatee County
Tax ID/APN: 1853410007
Zoning: HC - HEAVY COMMERCIAL
Site Description: 8.27 Acres w/ 950' of Frontage on 15th St E
Area Description: Mixed Industrial, Automotive and Retail
Total Number of Buildings: 1
Number of Stories: 1
Typical SF / Floor: 14,000 SF
Property Condition: Average
Year Built: 1997
Roof Type: Gable
Construction/Siding: Metal Siding
Exterior Description: Metal
Parking Description: Room for as many as 600 parking spaces Overbuilt concrete parking lots
Total Parking Spaces: 300
Sprinklers: Wet
Interior Description: Built as a used car dealership with 2 story lobby / show room, offices for sales area and ad/min. The front of the showroom has 5 sets of doors so the building could be divided for retail. The rear 7,000 sf is clear span shop / warehouse area w/ (8) overhead doors. Office was built w/ bar joists and structural steel to accommodate a 2nd floor expansion.
Zoning Description: HC - Heavy Commercial
Lot Frontage: 950'
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 12,162 80,284 197,677
Median Age: 32 44.29 44.52
Households: 3,965 34,635 84,575

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