502 36Th StBradenton, FL 34205

Property Details for 502 36Th St

Year built

1948

Lot size

0.23 AC

Property size (Sq ft)

2,560 SF

Zone code

PD-C

Property type

Mixed-use properties

Property subtype

Other investment properties

APN

36862.1000-0

APU

3686210000

Description

This exceptional 640-square-foot office space is ideally situated in West Bradenton, just off State Road 64 (Manatee Ave) on 36th Street West. The property, part of a larger building totaling 2,592 square feet, offers a single-tenant occupancy in a renovated space. Completed in 2019, the renovations included new tile flooring, drywall, electrical work, lighting, decorative ceiling tiles, and fresh paint. The unit boasts a 16-foot by 40-foot layout, providing ample space for a variety of businesses. Features include two parking spaces and convenient access to Manatee Avenue. The space is zoned GC and is suitable for various uses, including offices, salons, or trades businesses (restaurants excluded). A rear door opens to a fenced concrete slab area, potentially usable as part of the lease. Exterior signage is permitted. The property is easily viewable from the street. The monthly rent of $1,300 for a two-year lease (with a two-year renewal option) includes electricity, water, sewer, and trash removal. Tenant is responsible for interior maintenance, pest control, and repairs.

• CAP approach

  CAP return

  Valuation

  6%

  $751,730

  6.5%

  $693,904

  7%

  $644,340

• Comparable approach

  Method

  Valuation

  Relative Method

  $745,002

  Geo Method

  $724,676

• Alternative Use

  Use

  Valuation

  Residential

  $693,904

  Hospitality

  $635,612

  Educational

  $528,822

  Medical

  $547,009

  Retail

  $822,612

Location Insight

City

Bradenton

County

Manatee

State

Florida

Latitude

27.4951

Longitude

-82.5973

CBSA code

35840

CBSA name

NORTH PORT-SARASOTA-BRADENTON, FL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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