For Sale
$499,000

1620 8Th AvePalmetto, FL 34221

0.5-acre lot, high visibility, $499,000

Overview

Added:
Dec 11, 2024
Days on market:
114
This exceptional 0.5-acre commercial land parcel presents a unique investment opportunity in the thriving city of Palmetto, Florida. Located at 1620 8th Avenue West, this property boasts an enviable location with significant frontage on both Business 41 (8th Avenue West) and 17th Street West, offering unparalleled visibility and accessibility. The lot features approximately 161 linear feet of frontage on Business 41 and approximately 150 linear feet on 17th Street West, providing ample space for development and convenient access from two major thoroughfares. Currently zoned for commercial use by the City of Palmetto, this property is ideal for a variety of uses. A proposed concept plan envisions a 2,300 square foot restaurant with a drive-thru, showcasing the property's potential for high-traffic businesses. The land is priced at $499,000, translating to a land value of $24.61 per square foot. This prime location, combined with its versatile zoning and high visibility, makes this an exceptional opportunity for investors seeking a strong return on investment in a rapidly growing area. Don't miss this chance to acquire a highly desirable commercial property in Palmetto, Florida. The property's address is 1620 8th Avenue West, Palmetto, FL 34221.

Highlights

  • 0.5-acre corner lot with ±161' frontage on Business 41 (8th Ave W) and ±150' frontage on 17th St W.
  • Proposed 2,300 SF restaurant with drive-thru.
  • Commercially zoned by the City of Palmetto.
  • Excellent visibility and access from Business 41 and 17th St W.
  • Ideal for multiple commercial uses.

Property Details for 1620 8Th Ave

Property type
Land
Lot Size (sq. ft)
21,780 SF

Location Insight

City
Palmetto
County
Manatee
State
Florida
Latitude
27.528251
Longitude
-82.572571
1620 8Th Ave, Palmetto, Florida

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1620 8Th Ave
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