Fully Leased 6 Cap Investment Opportunity!
Retail-Commercial
for Sale
| Catylist Listing ID: |
30796223 |
| Property Subtypes: |
Free-Standing Building, Mixed Use, Retail-Pad, Other
|
| Building Size (RSF): |
13,200 SF
|
| Gross Land Area: |
0.87 Acres
|
| Sale Price: |
$2,749,000 |
| Unit Price: |
$208.26 PSF |
| Property Use Type: |
Investment |
| Usable Size (USF): |
12,848 SF |
| Sale Terms: |
Cash to Seller, Owner Financing |
| Cap Rate: |
5.99% |
| Average Occupancy Rate: |
100 |
| Last Updated: |
6/3/2023 |
Overview / Comments
NDC Commercial is pleased to bring this solid and dependable investment sale offering to the Market. This is a Six tenant retail and office center located in NW Bradenton with direct Manatee Ave. Frontage. Immaculately maintained by a single owner since 1997, this property has been a longstanding and reliable piece of his investment portfolio and is now available for purchase.
At a time when inventory for Mid-size solid and secure investment properties are few and far between, this asset will not be around long. Call us to discuss before it's gone!
|
Financials
| Finance Data Year |
2023 |
| Real Estate Taxes - Annual($) |
$14,593 (Annual) |
| Tax Value Land |
$346,995 |
| Tax Value Improvements |
$606,617 |
| Assessed Value - Total($) |
$953,612 (Annual) |
| Potential Rental Income |
$191,772 (Annual) |
| Gross Operating Income |
$191,772 (Annual) |
| Net Operating Income |
$164,581 (Annual) |
| Actual or Proforma Year |
Proforma |
Additional Details
| Nearest MSA: |
North Port-Sarasota-Bradenton |
| County: |
Manatee |
| Taxing Authority: |
Manatee County |
| Tax ID/APN: |
3800500005 |
| Zoning: |
GC |
| Retail Clientele: |
General, Family, Business, Traveler, Tourist, Recreation, Other |
| Property Located Between: |
51st. St. W. and 59th St. W. directly on Manatee Ave. W. |
| Property Visibility: |
Excellent |
| Largest Nearby Street: |
Manatee Ave. West |
| Feet of Frontage: |
131 |
| Traffic/Vehicle Count: |
39,500 |
| Highway Access: |
State Road 64, curb cuts allow for East / West exit across Manatee Ave. |
| Airports: |
Sarasota-Bradenton International, St. Pete-Clearwater, Tampa International |
| Site Description: |
Freestanding Retail Building located on the North side of Manatee Ave West (State Road 64) before the intersection at 59th St. W.
|
| Tenancy: |
Multiple Tenants |
| Total Number of Buildings: |
1 |
| Number of Stories: |
1 |
| Property Condition: |
Good |
| Year Built: |
1981 |
| Roof Type: |
Other |
| Construction/Siding: |
Metal Siding |
| Exterior Description: |
Metal Siding, Metal Roof (all bushings replaced in 2017) |
| Total Parking Spaces: |
42 |
| Parking Ratio: |
3.3 (per 1000 SF) |
| Parking Type: |
Surface |
| Parking Description: |
Asphalt Parking lot located on east and north sides of property |
| Heat Type: |
Electricity |
| Heat Source: |
Central |
| Air Conditioning: |
Engineered System |
| Internet Access: |
DSL |
| Interior Description: |
Standard Retail and Office buildout and finishes |
| Zoning Description: |
Manatee County; General Commercial |
| Lot Frontage: |
131 |
| Lot Depth: |
292 |
| Water Service: |
Municipal |
| Sewer Type: |
Municipal |
| Land Ownership: |
6024 26TH STREET WEST, INC |
| Legal Description: |
LOT B LESS H/W R/W; TOGETHER WITH LOT 35, GREEN ACRES PI #38005.0005/9 |
Demographic Statistics
| Proximity: |
1 mile |
3 miles |
5 miles |
| Total Population: |
11,230 |
79,455 |
159,531 |
| Median Age: |
49.17 |
47.4 |
44.45 |
| Households: |
4,985 |
35,784 |
68,321 |
|
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The information presented herein is provided as is, without warranty of any kind.
Neither My Florida Commercial Real Estate nor
Moody's assume any liability for errors or omissions.
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