515 7Th StPalmetto, FL 34220

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.

• 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

Property Tax & Assessments

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