239 301 BlvdBradenton, FL 34208

  • Office properties
  • 10,860 SF
For Sale
$1,750,000 View listing

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
239 301 Blvd, Bradenton, Florida

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

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$15,693
$402,949
$524,985
$927,934
-
$402,949
$524,985
$927,934

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