525 8Th StBradenton, FL 34205

Property Details for 525 8Th St

Year built

1998

Construction

TYPE NOT SPECIFIED

Lot size

0.32 AC

Property size (Sq ft)

4,204 SF

Zone code

BR_FBC,BR_T6

Property type

Office buildings

APN

32653.0010-9

APU

3265300109

Description

This 4,500 square foot, two-story mixed-use office building in Bradenton, Florida, presents a unique investment opportunity. Built in 1998 and renovated in 2011, the property boasts a charming Key West style exterior with lush landscaping and ample parking (approximately 15-18 spaces). The interior features a welcoming reception area, ten plus established offices spread across two levels, a large boardroom/conference room, an expansive open workspace, and a sizable storage area accessible via a 12-foot roll-up door. The building includes separate men's and women's restrooms and a Generac emergency power generator. The central open space offers flexibility for various uses, such as assembly, administrative functions, or even a nurses' station. The property sits on a 0.32-acre lot and is zoned C1/UCBD/T6. The asking price is $1,900,000, making it an attractive owner/user investment. This Class B building offers a blend of Key West charm and modern functionality, ideal for a thriving business. The property is located at 525 8th St W, Bradenton, FL 34205, and features a striking wood plank ceiling and a circular staircase leading to an open-air executive office area.

• CAP approach

  CAP return

  Valuation

  6%

  $995,549

  6.5%

  $918,968

  7%

  $853,328

• Comparable approach

  Method

  Valuation

  Relative Method

  $789,311

  Geo Method

  $767,776

• Alternative Use

  Use

  Valuation

  Residential

  $1,139,521

  Hospitality

  $1,043,795

  Educational

  $868,425

  Medical

  $898,292

  Retail

  $1,350,883

Location Insight

City

Bradenton

County

Manatee

State

Florida

Latitude

27.4946

Longitude

-82.5697

CBSA code

35840

CBSA name

NORTH PORT-SARASOTA-BRADENTON, FL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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