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