$5,320,000
$5,500,000
3.3%For more information regarding the value of a property, please contact us for a free consultation.
119 BRIDGE ST Bradenton Beach, FL 34217
5,790 SqFt
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
Year Built 2018
Annual Tax Amount $23,638
Lot Size 10,018 Sqft
New Construction true
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
Parking Features Parking Spaces - 13 to 18
Utilities Available Electricity Available, Natural Gas Available, Water Connected
View Y/N 1
Roof Type Metal
Building
Lot Description Central Business District, Historic District
Foundation Slab, Stilt/On Piling
Sewer Public Sewer
Structure Type Block, Concrete
New Construction true
Others
Acceptable Financing Private Financing Available
Listing Terms Private Financing Available
Special Listing Condition None
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Bought with PREMIER SOTHEBYS INTL REALTY