1112 Manatee Ave E
$3,900,000, 27,320 Sqft 1.6 Acres
About This Property
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 $361,074, EXPENSES OF $90,000 AND NET INCOME IS $271,074 PER YEAR. CAP RATE 7.0 AT ASKING PRICE.
Cable Available, Electricity Connected, Phone Available
In City Limits, Sidewalk, Street Paved
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Listing data comes from My Florida Regional MLS.
Listing information last updated on June 21st, 2018 at 9:15pm EDT.