3653 Cortez RdBradenton, FL 34210

Property Details for 3653 Cortez Rd

Year built

1989

Lot size

0.57 AC

Property size (Sq ft)

5,762 SF

Zone code

PD-C

Property type

Office buildings

APN

51828.0125-9

APU

5182801259

Description

This exceptional investment opportunity presents a partially leased, freestanding office building situated within the desirable Wildewood Office Park on Cortez Road in Bradenton, Florida. The property encompasses 6,350 square feet on a 0.57-acre lot and is priced at $995,000. Three suites, totaling approximately 1,692 square feet, are currently leased to separate tenants, generating immediate income. A substantial fourth suite (Suite 110), comprising approximately 4,070 square feet, is available for owner-occupancy. This spacious suite boasts 11 individual offices, a large and a small conference room, a welcoming lobby area, a convenient kitchen/breakroom, ample storage rooms, and separate men's and women's restrooms, each with two stalls. The building's design incorporates separate entrances for each suite, ensuring privacy and minimizing tenant interaction. This presents a unique chance to own your business's premises and eliminate ongoing rent expenses. Seller financing may be available for qualified buyers. The property is part of the Wildewood Professional Park, a well-maintained 13-acre development featuring twelve professional office buildings on the bustling Cortez Road. An established Owner's Association manages shared amenities, including cross-access easements, retention ponds, landscaping, signage, and entrance features, while maintaining individual building ownership. This is not a condominium

• CAP approach

  CAP return

  Valuation

  6%

  $1,364,499

  6.5%

  $1,259,537

  7%

  $1,169,570

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,081,830

  Geo Method

  $1,052,314

• Alternative Use

  Use

  Valuation

  Residential

  $1,561,826

  Hospitality

  $1,430,625

  Educational

  $1,190,263

  Medical

  $1,231,198

  Retail

  $1,851,520

Location Insight

City

Bradenton

County

Manatee

State

Florida

Latitude

27.4608

Longitude

-82.6007

CBSA code

35840

CBSA name

NORTH PORT-SARASOTA-BRADENTON, FL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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