Active

4740 SR-64

BRADENTON FL, 34208

$1,450,000


$244.11 per sqft

Active

5,940 sqft

Commercial

Built in 2001

Great opportunity to purchase a net leased investment along the hot I-75 corridor in the Bradenton-Sarasota area. Part of an eight building office complex with Owners Association set up for all exterior maintenance including roofs, pressure washing, painting and parking lot maintenance. Replacement reserves in CAM to handle these items.

Current Landlord has been subsidizing the CAM by charging below current expenses as well as below current market rates. Great opportunity to increase NOI by $10,000 by increasing CAM over time to current expenses. This would increase CAP rate to 7.5%.

Beautiful, well maintained, fully leased income producing office building for sale. Located on the high-traffic and high-visibility SR 64 corridor just west of I-75 and Lakewood Ranch. This building is located in the southwest corner of the Braden River Office park, closest to the Braden River Plaza which features tenants such as Gecko's, Anytime Fitness, and Tractor Supply Co. This business center overlooks a small lake with fountain, drawing attention from SR 64.

Consisting of 5,940+/- SF, this building is a fully occupied two unit building. With beautiful large columns in the front of the building, brick facade, ample parking spaces, Electric Vehicle Charging Stations, and well maintained landscape; this is a beautiful setting for any professional or medical office tenant.

A4614615

MLS ID

June 20, 2024

Listed

August 26, 2024

Updated

Map

4740 SR-64
BRADENTON FL, 34208

Interior Features

Fireplace

No


Cooling

Yes


Cooling Description

Central Air


Heating

No

Exterior/Building Features

Lot Size

0.51 Acres


Roof

Shingle

Other Property Details

Area Name

34208 - Bradenton/Braden River


Taxes

$8,214


Tax Frequency

Annually


Days on Market

44


Garage

No


View

No


County

Manatee


Municipality

34


Pool

No


Zoning

PDP

Listing History

Date

Event

Price

8/26/2024

Active

8/2/2024

Pending

Listed by SVN COMMERCIAL ADVISORY GROUP
Listing Contact: 941-387-1200 

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Data last updated 8/26/2024, 5:40 PM UTC

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