Property Details
$5,320,000
$5,500,000
3.3%For more information regarding the value of a property, please contact us for a free consultation.
5,790 SqFt
SOLD DATE : 04/01/2022
Key Details
Sold Price $5,320,000
Property Type Commercial
Sub Type Mixed Use
Listing Status Sold
Purchase Type For Sale
Square Footage 5,790 sqft
Price per Sqft $918
Subdivision Cortez Beach
MLS Listing ID A4530019
Sold Date 04/01/22
Construction Status No Contingency
HOA Y/N No
Year Built 2018
Annual Tax Amount $23,638
Lot Size 10,018 Sqft
Acres 0.23
Property Description
Prime investment opportunity at a great price in a new construction mixed use development on Bridge street .This property proved to be pandemic proof with its tenancy during 2020 . The property also benefits from being granted planning approval last year to construct apartments over the large private rear parking lot , these would be projected to increase gross revenue by at least $25,000 per month . Property is currently achieving a Gross income of $350000+PA or a 5% gross cap rate . Full architectural plans available
Location
State FL
County Manatee
Community Cortez Beach
Zoning C2
Interior
Cooling Central Air, Mini-Split Unit(s)
Flooring Ceramic Tile, Concrete
Exterior
Garage Parking Spaces - 13 to 18
Utilities Available Electricity Available, Natural Gas Available, Water Connected
Waterfront false
View Y/N 1
Roof Type Metal
Parking Type Parking Spaces - 13 to 18
Building
Lot Description Central Business District, Historic District
Foundation Slab, Stilt/On Piling
Lot Size Range 0 to less than 1/4
Sewer Public Sewer
Structure Type Block, Concrete
New Construction true
Construction Status No Contingency
Others
Ownership Corporation
Acceptable Financing Private Financing Available
Listing Terms Private Financing Available
Special Listing Condition None
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Bought with PREMIER SOTHEBYS INTL REALTY