BRADENTON - 14TH STREET WEST INCOME PROPERTY

Retail-Commercial for Sale
Catylist Listing ID: 30701888
Property Subtypes: Free-Standing Building, Street Retail, Vehicle Related
Building Size (RSF): 1,632 SF
Gross Land Area: 24,336 SF
Sale Price: $599,000
Unit Price: $367.03 PSF
In Opportunity Zone? Yes
Property Use Type: Investment
Building Name: TINTWORX
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Average Occupancy Rate: 100
Last Updated: 2/28/2021

Overview / Comments

This property has been used primarily as an auto window-tinting business and the owner has sold the business to another generation of owners that will carry on the tradition. Owner has retained ownership of the property and is hereby offering it for sale as an investment property under the lease with the new owner of the business. Under the brand new lease, the Owner shall be responsible for roof and structure while tenant shall be responsible for most all other expense + rent + sales tax. Current owner has been in this location for ten years while the owner prior to them was in business for at least ten years before that. The property fronts directly on 14th Street West (US 41) in close proximity to Publix, Target, Taco Bell, O'Reilly Auto Parts, etc. This is a brand new lease that generates $3,500.00 per month ($3,000/month rent on the two buildings and $500/month on the vacant lot) income ($42,000 annually).

Additional Details

Nearest MSA: North Port-Sarasota-Bradenton
County: Manatee
Taxing Authority: Manatee County
Tax ID/APN: 6027010054
Zoning: GENERAL COMMERCIAL
Retail Clientele: General, Family, Business, Traveler, Tourist, Recreation, Other
Property Located Between: 57TH AVENUE WEST AND 60TH AVENUE WEST
Property Visibility: Good
Largest Nearby Street: US 41
Feet of Frontage: 72
Traffic/Vehicle Count: 45,000
Highway Access: Direct access to US 41.
Airports: SARASOTA - BRADENTON AIRPORT
Site Description: Buildings are located close to street (14th Street West) with ample-size, fenced-in vacant lot in the rear.
Area Description: Retail all along 14th Street West, mobile home park to the north, residential to the east.
Tenancy: Single Tenant
Total Number of Buildings: 2
Number of Stories: 2
Typical SF / Floor: 1,296 SF
Property Condition: Good
Year Built: 1962
Roof Type: Flat
Construction/Siding: Block
Exterior Description: Concrete block walls, concrete foundation, concrete roof, commercial glass fixed windows across front with single entry door into customer reception area, pylon sign in front left side of parking area. Two roll up doors on south side of building with rear entry door in the rear (east side). Building #2 in rear of Building #1 is a pre-fab, two story structure that is strapped down on 4" by 4" beams underneath. Building #2 consists of a storage area downstairs that has a roll up door on the front (south side) and an entry door on the west side. It has always been used for storage and is not finished out (no drywall, open studs with insulation, high ceilings, stairway going up to smaller second floor which was used as an office with a window air conditioner. Behind Building #2 is a chain-link cross fence with a gate that runs north to south along the width of the property. About 105 feet north of the gate is a concrete slab from a former pole barn that was located on the property.
Total Parking Spaces: 10
Parking Ratio: 5.8 (per 1000 SF)
Parking Type: Surface
Parking Description: Asphalt parking area with several spaces directly in front of building and several along the right (south) side of the property.
Sprinklers: None
Heat Type: Electricity
Heat Source: Central
Air Conditioning: Engineered System
Internet Access: Cable
Interior Description: Building #1: Painted, concrete block walls. Customer reception area in front. Work area in rear. One restroom accessible from both reception and rear spaces. Two roll up doors on south side of building
Zoning Description: PROPERTY IS ZONED GENERAL COMMERCIAL, FUTURE LAND USE IS ROR, LAND USE CODE IS DEALERSHIP SALES ACCORDING TO MANATEE COUNTY GIS WEBSITE. PLEASE VERIFY WITH MANATEE COUNTY AS TO THE ZONING AND ALLOWABLE USES.
Lot Frontage: 72.5
Lot Depth: 331
Water Service: Well
Sewer Type: Septic
Easements: Electric Lines
Legal Description: THE N 72 1/2 FT OF LOT 8 & THE W 50 FT OF THE N 72 1/2 FT OF LOT 5 BLK 1 OF SPRING SUB LESS ORDER OF TAKING REC IN CIRCUIT COURT MIN BK 25 PG 119 FOR ADDTL RD R/W DESC AS FOLLOWS: THAT PART OF LOT 8, BLK 1 OF SPRING SUB, PB 8 PG 32 LYING WITHIN 42 FT EACH SD OF THE SURVEY LN OF SR 45, SEC 1301, SD SURVEY LN BEING DESC AS FOLLOWS: COM AT A RR SPIKE LOCATING THE SE COR OF THE SW 1/4 OF SW 1/4 OF SEC 23, TWN 35S, RNG 17E; RUN TH S 88 DEG 41 MIN 28 SEC W 2.59 FT TO A PT ON THE SURVEY LN OF SR 45, SEC 1301, DESIGNATED AS STATION 1322+86.74 & A POB, SD PT BEING ON A CURVE CONCAVE TO THE NELY, OF RAD 1637.02 FT; TH NLY ALG SD CURVE 234.27 FT THROUGH A TOTAL C/A OF 8 DEG 12 MIN TO THE END OF SD CURVE; TH N 1 DEG 15 MIN 02 SEC W, 2674.82 FT; TH N 1 DEG 16 MIN 02 SEC W 4434.07 FT; TH N 1 DEG 17 MIN 02 SEC W 2623.62 FT; TH N 1 DEG 16 MIN 02 SEC W, 1485.80 FT; TH N 1 DEG 15 MIN 42 SEC W, 1296.10 FT; TH N 1 DEG 15 MIN 22 SEC W 1138.04 FT; TH N 1 DEG 14 MIN 22 SEC W, 1256.06 FT; TH N 1 DEG 15 MIN 22 SEC W 871.93 FT TO A PT ON THE N BDRY LN OF THE NW 1/4 FO NW 1/4 OF SEC 11, TWN 35S, RNG 17E, DESIGNATED AS STATION 1483+01.45, SR 45, SEC 1301 & LYING 13.84 FT W OF A 1/2 IRON BOLT LOCATING THE NE COR OF THE NW 1/4 OF NW 1/4 OF SD SEC 11, LESS EXISTING R/W; ALSO LESS OR 2525/6484 FOR RD R/W DESC AS FOLLOWS: PARCEL 107: THAT PORTION OF LOT 8, BLK 1, SPRING SUB, A SUB IN SEC 14, TWN 35, RNG 17, AS PER CORRECTED PLAT THEREOF REC IN PB 8/60, PRMCF, BEING DESC AS FOLLOWS: COM AT THE SW COR OF SD SEC 14; TH ALG THE S LN OF SD SEC 14, S 89 DEG 26 MIN 42 SEC E A DIST OF 1320.30 FT TO THE SURVEY BASE LN OF SR 45 (US 41); TH ALG SD SURVEY BASE LN N 00 DEG 27 MIN 52 SEC E A DIST OF 856.81 FT; TH N 89 DEG 48 MIN 39 SEC E A DIST OF 42.00 FT TO THE E EXISTING R/W LN OF SD SR 45 (PER SEC 1301-(117)-(201)119-2502) FOR A POB; TH ALG SD E EXISTING R/W LN N 00 DEG 27 MIN 52 SEC A DIST OF 72.50 FT TO THE N LN OF SD LOT 8; TH ALG SD N LN N 89 DEG 48 MIN 39 SEC E A DIST OF 4.30 FT; TH S 00 DEG 27 MIN 52 SEC W A DIST OF 2.05 FT; TH S 26 DEG 06 MIN 02 SEC E A DIST OF 8.05 FT; TH S 00 DEG 27 MIN 52 SEC W A DIST OF 62.75 FT; TH S 27 DEG 01 MIN 46 SEC W A DIST OF 0.52 FT TO THE S LN OF THE N 72 1/2 FT OF SD LOT 8; TH ALG SD S LN S 89 DEG 48 MIN 39 SEC W A DIST OF 7.67 FT TO THE POB, PI#60270.1005/4

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 19,432 88,387 184,023
Median Age: 44.13 43.08 44.74
Households: 8,535 38,422 79,803

Contact

Photograph of Listing Agent

Daniel Douglass

J. DANIEL DOUGLASS
MFCRE Member
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