Fully Leased 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: $3,000,000
Unit Price: $227.27 PSF
Property Use Type: Investment
Usable Size (USF): 12,848 SF
Sale Terms: Cash to Seller
Cap Rate: 5.48%
Average Occupancy Rate: 100
Last Updated: 5/14/2022

Overview / Comments

MS&C 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($) $12,921 (Annual)
Tax Value Land $346,995
Tax Value Improvements $359,425
Assessed Value - Total($) $706,420 (Annual)
Potential Rental Income $191,652 (Annual)
Gross Operating Income $191,652 (Annual)
Net Operating Income $164,458 (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: 33,000
Highway Access: State Road 64
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
Construction/Siding: Metal Siding
Exterior Description: Metal Siding, Metal Roof (all bushings replaced in 2017)
Total Parking Spaces: 31
Parking Ratio: 2.4 (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

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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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