1112 Manatee Avenue E

    Bradenton, FL 34208
    • $3,900,000
    • STATUS: Active
    • ON SITE: 1043 days
    • MLS #: T2772924
    UPDATED: 207 min ago
    $3,900,000
    • 0
      BEDS
    • 1.6
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 27,320
      SQFT
    • $143
      $/SQFT
    Neighborhood:
    Type:
    Commercial-Lease
    Built:
    2001
    County:

    School Ratings & Info

    Listing information courtesy of Great American Realty.

    Description

    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.

    Monthly Payment Calculator



    © 2018 My Florida Regional Multiple Listing Service, Inc. All rights reserved. All listings displayed pursuant to IDX. All listing information is deemed reliable but not guaranteed and should be independently verified through personal inspection by appropriate professionals. Listings displayed on this website may be subject to prior sale or removal from sale; availability of any listing should always be independently verified. Listing information is provided for consumers personal, non-commercial use, solely to identify potential properties for potential purchase; all other use is strictly prohibited and may violate relevant federal and state law. Data last updated 2018-06-18T23:40:44.853.
    www.beachislandgroup.com/homes/54733475

    1112 Manatee Avenue E Bradenton, FL 34208

    • Price: $3,900,000
    • Status: Active
    • Updated: 207 min ago
    • MLS #: T2772924
    0
    Beds
    0
    Baths
    0
    ½ Baths
    1.6
    Acres
    27,320
    SQFT
    $143
    $/SQFT
    2001
    Built
    Neighborhood:
    Bradenton/Braden River
    County:
    Manatee
    Area:
    Bradenton/Braden River
    Property Description
    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.
    Exterior Features

    Adjoining Property Residential Construction Materials BlockStucco Front Footage 352 Lot Features In City LimitsSidewalkStreet Paved Lot Size Dimensions 203X352 Parking Over 30 Spaces Parking Features Over 30 Spaces Roof Built-Up Transportation Access City Water Access Yn No Water Extras Yn No Waterfront Yn No

    Interior Features

    Building Elevator Yn Yes Ceiling Height 10 To 15 Feet Cooling Central AirZoned Flooring CarpetTile Freezer Space Yn No Heating CentralZoned Numof Conference Meeting Rooms 6 Numof Offices 82 Numof Restrooms 6 Sewer Public Sewer Water Source Public

    Property Features

    Additional Parcels Yn No Annual Expenses 85000 Business Type CommercialProfessional/Office Condo Environment Yn No Converted Residence Yn No Disclosures None Electric 220 Volts Floor Number 2 Lease Term 6 + Years Miscellaneous Elevator Miscellaneous2 BathroomsReceptionWaiting Room Net Operating Income 276074 New Construction Yn No Pets Allowed No Property Condition Completed Property Sub Type Office Realtor Info Brochure AvailableFloor Plan AvailableNo SignSurvey Available Security Features Security System Special Listing Conditions None Tax Annual Amount 46169 Tax Year 2017 Total Num Buildings 1 Utilities Cable AvailableElectricity ConnectedPhone Available Zoning Ucc

    Listing information courtesy of Great American Realty.
    © 2018 My Florida Regional MLS. All listings displayed pursuant to IDX. All listing information is deemed reliable but not guaranteed and should be independently verified through personal inspection by appropriate professionals. Listings displayed on this website may be subject to prior sale or removal from sale; availability of any listing should always be independently verified. Listing information is provided for consumers personal, non-commercial use, solely to identify potential properties for potential purchase; all other use is strictly prohibited and may violate relevant federal and state law.


    © 2018 My Florida Regional Multiple Listing Service, Inc. All rights reserved. All listings displayed pursuant to IDX. All listing information is deemed reliable but not guaranteed and should be independently verified through personal inspection by appropriate professionals. Listings displayed on this website may be subject to prior sale or removal from sale; availability of any listing should always be independently verified. Listing information is provided for consumers personal, non-commercial use, solely to identify potential properties for potential purchase; all other use is strictly prohibited and may violate relevant federal and state law. Data last updated 2018-06-18T23:40:44.853.
     
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    Listing information courtesy of Great American Realty.