Bradenton Beach, FL 34217,119 BRIDGE ST

$5,320,000

$5,500,000

3.3%
Est.Price: ?

For more information regarding the value of a property, please contact us for a free consultation.

Est. payment /mo

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

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

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

Read Less Info

Want to know what your home might be worth? Contact us for a FREE valuation!

Submit

Our team is ready to help you sell your home for the highest possible price ASAP


Stellar MLS
Listed by AMI REAL ESTATE INC
Bought with PREMIER SOTHEBYS INTL REALTY
Rosemond Noel

Agent | License ID: SL3480275

+1(239) 200-3619 | listwithrosemond@gmail.com

Learn More About LPT Realty

Name
Phone*
Message

By registering you agree to our Terms of Service & Privacy Policy. Consent is not a condition of buying a property, goods, or services.