7219 Us Highway 41Palmetto, FL 34221

Property Details for 7219 Us Highway 41

Year built

2007

Lot size

1.75 AC

Property size (Sq ft)

4,400 SF

Zone code

PD-I

Property type

Retail properties

Property subtype

Grocery and convenience stores

APN

6767.0020-9

APU

676700209

Description

This exceptional 7.61-acre industrial property in Palmetto, Florida, offers unparalleled commercial potential. Boasting 333,000 square feet and approximately 610 feet of direct frontage on US Highway 41 North, this site benefits from exceptional visibility and accessibility. Located just 2.4 miles from the I-75 and I-275 intersection and a mere 0.5 miles from I-275 exit #2, this location provides seamless connectivity to major transportation arteries. The property is already zoned PD-I, allowing for a wide range of commercial uses. High traffic counts are a significant advantage, with Florida Department of Transportation reporting an average daily traffic count of 33,000 vehicles on US Highway 41 North in 2021. The property's strategic location, only 20 miles from both St. Petersburg and Sarasota's vibrant downtowns and 17 miles from Sarasota-Bradenton International Airport, further enhances its appeal. This prime location is within a rapidly growing area, experiencing significant commercial development along the bustling I-75 corridor. The seller is open to considering the division of the property, with approximately 2.5 acres of outparcels available along US Highway 41 North. This presents a unique opportunity for investors and developers seeking a high-impact commercial investment in a thriving market.

• CAP approach

  CAP return

  Valuation

  6%

  $1,531,687

  6.5%

  $1,413,865

  7%

  $1,312,874

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,081,800

  Geo Method

  $2,025,002

• Alternative Use

  Use

  Valuation

  Residential

  $1,192,648

  Hospitality

  $1,092,459

  Educational

  $908,913

  Medical

  $940,172

  Retail

  $1,413,865

Location Insight

City

Palmetto

County

Manatee

State

Florida

Latitude

27.5787

Longitude

-82.541

CBSA code

35840

CBSA name

NORTH PORT-SARASOTA-BRADENTON, FL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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