1111 3Rd AveBradenton, FL 34205

Property Details for 1111 3Rd Ave

Year built

1983

Lot size

1.03 AC

Property size (Sq ft)

35,878 SF

Zone code

BR_FBC,BR_T5

Property type

Office buildings

APN

32947.0100-9

APU

3294701009

Description

This exceptional Class A office building, situated in the heart of Downtown Bradenton on Main Street, offers a diverse range of office spaces perfect for businesses of all sizes. Built in 1983 and currently undergoing renovations including fresh paint and new carpeting, this three-story building boasts a total of 35,878 square feet. The property sits on a 1.03-acre lot and is zoned Form Based Code/T5 Urban. Multiple tenancy options are available, with spaces ranging from a minimum of 180 square feet to a maximum contiguous space of 2,217 square feet. Six spaces are currently available. The building features both executive suites in a shared style on the south hall, and more traditional office spaces on the north hall, providing flexibility to suit various business needs and preferences. This high-profile location offers excellent visibility and accessibility, placing your business in the vibrant center of Downtown Bradenton, near the river. The budget-friendly renovation ensures a professional and modern workspace, ideal for businesses seeking a thriving environment to flourish. The building's single structure comprises three stories.

• CAP approach

  CAP return

  Valuation

  6%

  $9,629,100

  6.5%

  $8,888,400

  7%

  $8,253,520

• Comparable approach

  Method

  Valuation

  Relative Method

  $6,736,180

  Geo Method

  $6,552,400

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $17,881,700

  Retail / Commercial

  $9,094,780

  Mixed-Use / Specialty

  $9,003,350

  Hospitality / Lodging

  $6,528,650

  Institutional / Educational

  $9,338,760

  Residential Income

  $10,926,400

  Multifamily

  $13,431,600

  Automotive / Energy

  $8,004,660

  Parking / Income-Based Land

  $2,820,610

  Restaurant / Food Service

  $4,556,780

  Healthcare / Senior Housing

  $9,293,280

Location Insight

City

Bradenton

County

Manatee

State

Florida

Latitude

27.497

Longitude

-82.573

CBSA code

35840

CBSA name

NORTH PORT-SARASOTA-BRADENTON, FL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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