• MLS® #: T2772924
  • 1112 Manatee Ave E
  • Bradenton, FL 34208
  • $3,900,000
  • 27320 SqFt, 1.60 Acres
  • Commercial

INVESTOR SPECIAL ON THIS CLASS A 27,084 SQ FT 2 STORY OFFICE BUILDING LOCATED IN DOWNTOWN BRADENTON: 1 MILE EAST OF MANATEE MEMORIAL HOSPITAL: BUILDING HAS BEEN COMPLETELY REPAINTED INSIDE AND OUT: NEW ROOF 2015: FIRE SPRINKLERS: ELEVATOR: WHEELCHAIR ACCESSIBLE: ADA BATHROOMS: CURRENTLY RENTED TO A QUALITY TENANT. TENANT HAS SIGNED A NEW 5 YR LEASE WITH A 5 YR OPTION STARTING JULY 1, 2018: GROSS INCOME WILL BE $361,074 PER YEAR, EXPENSES $85,000 AND NET INCOME $276,074 PER YEAR, WITH A CAP RATE OF 7%. CURRENT LEASE STARTED IN JULY 1, 2013 WITH A CURRENT INCOME OF $335,390, EXPENSES OF $85,000 AND NET INCOME IS $250,591 PER YEAR.

Essential Information

  • MLS® #T2772924
  • Price$3,900,000
  • Bathrooms0.00
  • Square Footage27,320
  • Acres1.60
  • Year Built2001
  • TypeCommercial
  • StatusActive

Community Information

  • Address1112 Manatee Ave E
  • AreaBradenton/Braden River
  • CityBradenton
  • CountyManatee County
  • StateFL
  • Zip Code34208

Amenities

  • ParkingOver 30 Spaces
  • ViewIn City Limits, Street Paved

Utilities

City Water, Electric, Public Sewer, Telephone

Interior

  • HeatingCentral, Zoned/Multiple
  • CoolingCentral, Zoned/Multiple

Exterior

  • ExteriorBlock, Stucco
  • Lot DescriptionOne + to Two Acres
  • RoofBuilt Up - T&G

Additional Information

  • Days on Market789
  • ZoningUCC
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Listing data comes from My Florida Regional MLS.

Listing information last updated on October 17th, 2017 at 11:48pm EDT.

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