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 $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 Market847
ZoningUCC

Listing Details

OfficeGreat American Realty

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Listing data comes from My Florida Regional MLS.

Listing information last updated on December 16th, 2017 at 12:03am EST.

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