515 7Th StPalmetto, FL 34220

  • Industrial properties
  • 44,080 SF
For Lease

Property Details for 515 7Th St

Year built
1977
Lot size
4.57 AC
Property size (Sq ft)
44,080 SF
Zone code
PL_CG
Property type
Industrial properties
Property subtype
Distribution centers
APN
27740.0005-9
APU
2774000059

Description

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
515 7Th St, Palmetto, Florida

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

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$57,996
$550,409
$2,114,042
$2,664,451
-
$550,409
$2,114,042
$2,664,451

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