239 301 BlvdBradenton, FL 34208

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 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.

• 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

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