3737 Manatee AveBradenton, FL 34205

Property Details for 3737 Manatee Ave

Year built

1926

Construction

TYPE NOT SPECIFIED

Lot size

0.31 AC

Property size (Sq ft)

984 SF

Zone code

GC

Property type

Office properties

Property subtype

Office buildings

APN

36776.0000-3

APU

3677600003

Description

This exceptional redevelopment opportunity encompasses two parcels totaling 0.85 acres on Manatee Avenue West in Bradenton, Florida. The main parcel, at 3737 Manatee Ave W, features two renovated buildings totaling 2,048 square feet, currently operating as a bakery. These buildings boast excellent curb appeal and prominent signage, benefiting from high visibility on Manatee Avenue West and convenient side street access from 38th Street West. The buildings are situated on 0.3052 acres zoned General Commercial (GC). The adjoining parcel, located at 517 38th Street West, is a vacant 0.5455-acre lot zoned RSF-6, with a high likelihood of rezoning to General Commercial given the surrounding GC zoning. The combined 0.8507 acres present a compelling opportunity for redevelopment or expansion. The property's prime location is surrounded by established businesses including CVS Pharmacy, Shake Pit, Publix, Saint Stephen's Episcopal, Smoothie King, and Florida Cancer Specialists, ensuring high traffic and visibility. The property offers significant potential for owner-users or developers seeking a high-impact location in a thriving commercial area. The year of renovation for the existing buildings is 2022. The property includes two buildings, each one story, with a total of two units. The APN numbers are 3677600003 & 3680600008. The asking price is $1,599,000.

• CAP approach

  CAP return

  Valuation

  6%

  $233,021

  6.5%

  $215,096

  7%

  $199,732

• Comparable approach

  Method

  Valuation

  Relative Method

  $184,748

  Geo Method

  $179,708

• Alternative Use

  Use

  Valuation

  Residential

  $266,719

  Hospitality

  $244,314

  Educational

  $203,266

  Medical

  $210,257

  Retail

  $316,192

Location Insight

City

Bradenton

County

Manatee

State

Florida

Latitude

27.4954

Longitude

-82.5986

CBSA code

35840

CBSA name

NORTH PORT-SARASOTA-BRADENTON, FL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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