239 301 BlvdBradenton, FL 34208
- Office properties
- 10,860 SF
Property Details for 239 301 Blvd
- Year built
- 1983
- Construction
- TYPE NOT SPECIFIED
- Lot size
- 1.33 AC
- Property size (Sq ft)
- 10,860 SF
- Zone code
- GC
- Property type
- Office properties
- Property subtype
- Office buildings
- APN
- 47790.0000-1
- APU
- 4779000001
Description
This iconic Bradenton commercial property presents a compelling investment opportunity. The 11,760 square foot office building sits on a desirable 1.33-acre lot, boasting a prime location within the city. Currently operating at 70% occupancy, this property offers significant income generation potential. The substantial size and established tenant base provide a solid foundation for future growth and profitability. The building's prime location ensures high visibility and accessibility, attracting a diverse range of potential tenants. Investors will appreciate the existing income stream and the considerable upside potential for increased occupancy and rental rates. This is a rare opportunity to acquire a well-established, income-producing asset in a thriving market. The property's size and location make it ideal for a variety of uses, offering flexibility for future development or expansion. Serious investors are encouraged to explore this exceptional opportunity to acquire a significant commercial property in a highly sought-after area of Bradenton, Florida. The strong existing tenant base and high demand for commercial space in the area suggest a promising return on investment. This is a turnkey operation with immediate income potential and significant long-term growth prospects. The 1.33-acre lot also provides ample space for potential future expansion or development.
Valuation
by Paperhouses methods
- Valuation date:
- Dec 11, 2024
-
CAP approach
- CAP return
- Valuation
- 6%
- $2,571,756
- 6.5%
- $2,373,928
- 7%
- $2,204,362
-
Comparable approach
- Method
- Valuation
- Relative Method
- $2,038,992
- Geo Method
- $1,983,362
-
Alternative Use
- Use
- Valuation
- Residential
- $2,943,672
- Hospitality
- $2,696,387
- Educational
- $2,243,362
- Medical
- $2,320,515
- Retail
- $3,489,675
Location Insight
- City
- Bradenton
- County
- Manatee
- State
- Florida
- Latitude
- 27.4648
- Longitude
- -82.5606
- CBSA code
- 35840
- CBSA name
- NORTH PORT-SARASOTA-BRADENTON, FL METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
FAQs
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