This exceptional 3,500-square-foot retail space, located at 515 7th St W in Palmetto, Florida (Manatee County, zip code 34220), presents a unique investment opportunity. The property is a single-tenant strip center, completely vacant and ready for immediate occupancy. Built in 2015, the building has undergone renovations, ensuring modern amenities and a fresh aesthetic. The property's location in Palmetto offers excellent visibility and accessibility, situated within a thriving market. A ground lease option is available for qualified buyers, providing flexibility in development plans. The site is ideally suited for new retail development, capitalizing on the high demand for commercial space in this desirable area. This presents a chance to establish a business in a strong market with significant growth potential. The property's size and location make it an attractive option for a variety of retail businesses seeking a prominent presence in Palmetto. The entire 3,500 square feet is currently vacant, allowing for complete customization to suit a tenant's specific needs. This turnkey opportunity combines a renovated building with a prime location, offering a compelling investment proposition for discerning buyers. The potential for significant return on investment is high, given the favorable market conditions and the flexibility offered by the ground lease option. This is a rare chance to acquire a fully vacant, renovated retail space in a desirable location.
Valuation by Paperhouses methods
Valuation date:
Dec 11, 2024
Alternative Use
Use
Valuation
Residential
$11,948,162
Hospitality
$10,944,452
Educational
$9,105,656
Medical
$9,418,813
Retail
$14,164,353
Location Insight
City
Palmetto
County
Manatee
State
Florida
Latitude
27.5168
Longitude
-82.5701
CBSA code
35840
CBSA name
NORTH PORT-SARASOTA-BRADENTON, FL METROPOLITAN STATISTICAL AREA
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Disclaimer
The property value estimates provided on this website are automated calculations based on publicly available data, user-submitted information, and proprietary algorithms. These estimates are not appraisals and should not be used as a substitute for a professional valuation by a licensed appraiser.
We do not guarantee the accuracy, reliability, or completeness of these estimates, as market conditions, property features, and other factors may affect actual property values. Users should conduct their own due diligence and consult with a real estate professional before making financial or investment decisions.
By using this service, you acknowledge and accept that all estimates are provided for informational purposes only and that this website assumes no liability for any reliance on the provided valuations.
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