410 Cortez RdBradenton, FL 34207

Property Details for 410 Cortez Rd

Year built

1975

Construction

TYPE NOT SPECIFIED

Lot size

1.37 AC

Property size (Sq ft)

24,786 SF

Zone code

GC

Property type

Retail properties

Property subtype

Banks

APN

49289.0001-0

APU

4928900010

Description

This exceptional commercial property, located at 410 Cortez Rd W in Bradenton, Florida, presents a unique investment opportunity. The 1.38-acre lot houses a two-story, vacant building offering 24,000 square feet of net rentable space, previously used as a multi-tenant bank. The flexible floor plan is suitable for a variety of uses, including office, retail, or medical facilities. The property boasts an outstanding location with high traffic volume and excellent visibility, enhanced by significant frontage and signage on Cortez Road. Ample parking is available, along with multiple drive-thru lanes, a significant asset for businesses requiring this feature. The building's size is adaptable, ranging from 7,000 to 24,000 square feet, allowing for customization to suit specific tenant needs. This property is available for sale or lease, making it an attractive option for owner-users or investors seeking a high-profile location in a thriving area of Bradenton. The property's former use as a bank ensures a solid foundation and existing infrastructure, minimizing initial setup costs. The potential for a multitude of uses, coupled with its prime location and features, makes this a truly exceptional opportunity. Contact us to explore the possibilities and discuss options for this versatile commercial space. Zip code: 34207.

• CAP approach

  CAP return

  Valuation

  6%

  $8,628,270

  6.5%

  $7,964,556

  7%

  $7,395,660

• Comparable approach

  Method

  Valuation

  Relative Method

  $11,727,155

  Geo Method

  $11,407,201

• Alternative Use

  Use

  Valuation

  Residential

  $6,718,402

  Hospitality

  $6,154,020

  Educational

  $5,120,072

  Medical

  $5,296,159

  Retail

  $7,964,556

Location Insight

City

Bradenton

County

Manatee

State

Florida

Latitude

27.4629

Longitude

-82.5666

CBSA code

35840

CBSA name

NORTH PORT-SARASOTA-BRADENTON, FL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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