2424 Bay DrBradenton, FL 34207

Property Details for 2424 Bay Dr

Lot size

1.39 AC

Property size (Sq ft)

4,260 SF

Property type

Other commercial real estate

Property subtype

Other retail properties

Description

This exceptional Bradenton, Florida investment opportunity encompasses a 1.39-acre waterfront site at 2424 Bay Dr, 34207, featuring a 4,260 square foot, Class A commercial building with four buildings and three stories. Currently, the property includes eight units, two of which were fully renovated in 2022. The property boasts 400 feet of pristine coastline and five existing dock slips. Built in 1998 with additions in 2024, the property is zoned PDR and comes with entitlements in place. Plans are available for a pool and six additional units, presenting significant potential for expansion and increased revenue generation. The current Net Operating Income (NOI) is $79,895, with a 1.34% cap rate. This value-add opportunity is ideally suited for investors seeking to capitalize on the strong Bradenton-Sarasota-North Port market. The property's prime location and existing infrastructure provide a solid foundation for future growth and profitability. Detailed financial projections are available upon request. The Manatee County property (APN 6791600106) offers a unique blend of existing income and significant upside potential.

Location Insight

City

Bradenton

County

Manatee

State

Florida

Latitude

27.4181

Longitude

-82.5862

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