Andrea Summers - Coldwell Banker Tony Hubbard
711 Us Highway 301
PALMETTO, FL 34221

Description

US301/41 Corner Ripe for Redevelopment! EXCITING MATERIAL FACT TO REPORT: Across the street from subject property, next to the Bradenton Area Convention Center, the Palmetto City Commission on August 6th, 2018 has voted to move forward with a new plan which includes an eight-story 251 unit Sheraton hotel. Ask your Realtor about the news article in Realtor remarks section! -- Amazing Commercial Location with approx 200' of rare frontage on US HWY 301 / U.S. Hwy 41! Steps away from the Bradenton Area Convention Center, Desoto Bridge and luxury high rise condos. Situated at the NW corner traffic light intersection of US HWY 301 / U.S. Hwy 41 & 7th St West. FDOT expects the 64,500 vehicles using the Desoto Bridge daily to increase to 102,000 by 2040. There are many commercial & retail possibilities available for this property. Adjacent parcel on 7th Street West is also listed for sale at $595,000. The two parcels together are 1.63 acres. Zoned CG Business and Light Commercial: This zoning allows a variety of retail and commercial service activities to be conducted compatible with surrounding uses and residential district. Permitted uses may include gas station, convenience store, restaurant, liquor store, business office center, church, auto or boat sales, lodging for hotel/motel, etc. The property is also located in Palmetto's Redevelopment Zone so commercial incentive may be available through the Palmetto CRA. See attached for Palmetto's 2016-2020 CRA Plan.

Details

MLS#A4408095
StyleRetail
Sub-TypeResale
StatusActive
Year1965
Days On Site122

Features

SQ Feet1,134
Story(s)1
Units1
ZoningCG

Market Activity 34221

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Area Information

StateFL
CountyManatee
CityPALMETTO
Zip Code34221
Area34221 - Palmetto/Rubonia
Listing VS Median (in 34221)
Price:
$779,000
low | high
Med:
$253,720
100% of Average
SqFt:
1,134
low | high
Med:
1,512
16.666666666667% of Average
$ / SqFt:
$687
low | high
Med:
$168
100% of Average
On Site:
122
low | high
Med:
182
67.032967032967% of Average
Listing Updated: 11/14/2018
MLS Number: A4408095
Listing Provided By:
Lenny Longo  of  LIKE IT REALTY

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