1111 3Rd AveBradenton, FL 34205

  • Office properties
  • 35,878 SF
For Lease
$16/SF/YR View listing

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 properties
Property subtype
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.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $8,496,267
    6.5%
    $7,842,708
    7%
    $7,282,514
  • Comparable approach

    Method
    Valuation
    Relative Method
    $6,736,184
    Geo Method
    $6,552,399
  • Alternative Use

    Use
    Valuation
    Residential
    $9,724,958
    Hospitality
    $8,908,009
    Educational
    $7,411,359
    Medical
    $7,666,247
    Retail
    $11,528,781
1111 3Rd Ave, Bradenton, Florida

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

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
$74,233
$773,867
$3,160,108
$3,933,975
-
$773,867
$3,160,108
$3,933,975

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