Leased Shopping Center on Manatee
For Sale
Under Contract
$2,600,000
2601 MANATEE Avenue W, Bradenton, FL 34205
Commercial Sale, BRADENTON, FL
Property Size10,524 SF
Lot Size0.88 Acres
Price / SF$247.05
Days on Market257
Property Features for 2601 MANATEE Avenue W
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
UV
Subdivision
WESTFIELD
Directions
Manatee Ave West
Standard status
Active Under Contract
APN
3527100055
Size
10,524 SF
Lot size
0.88 Acres
Taxes and HOA fees
Tax Year
2024
Tax Description
LOTS 1,2 & 3, LESS S 15 FT OF LOT 3, LOTS 20, 21 AND 22, BLK 1 WESTFIELD, LESS PARCEL IN DB 339 P 111 DESC AS FOLLOWS: BEG AT THE SE COR OF LOT 3, BLK 1, WESTFIELD SUB, TH N 15 FT, TH W 140 FT FOR POB; TH W 8 FT, S 15 FT, E 8 FT, N 15 FT TO THE POB. ALSO LESS HWY R/W DESC IN OR 10 PG "40" REPLACE WITH "39" . TOGETHER WITH A 20 FT ALLEY ADJACENT TO LOTS 1, 2, 3, 20,
Tax Annual Amount
18253
Legal Description
LOTS 1,2 & 3, LESS S 15 FT OF LOT 3, LOTS 20, 21 AND 22, BLK 1 WESTFIELD, LESS PARCEL IN DB 339 P 111 DESC AS FOLLOWS: BEG AT THE SE COR OF LOT 3, BLK 1, WESTFIELD SUB, TH N 15 FT, TH W 140 FT FOR POB; TH W 8 FT, S 15 FT, E 8 FT, N 15 FT TO THE POB. ALSO LESS HWY R/W DESC IN OR 10 PG "40" REPLACE WITH "39" . TOGETHER WITH A 20 FT ALLEY ADJACENT TO LOTS 1, 2, 3, 20,
Building Details
Year built
1980
Floors in Building
1
Building materials
Block, Brick
Listing Agency:
LPT REALTY, LLC
(877) 366-2213
Listed By:
Holly DiMemmo · License #3490452
(813) 210-1998
Added: Dec 15, 2025
Changed: Aug 27
Last Checked: Aug 29 at 6:06PM
MLS# TB8456833
Copyright © 2026 Stellar MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This 10,524-square-foot shopping center occupies a 0.88-acre site and was constructed in 1980 with block and brick materials. The property is fully leased and includes on-site parking, providing an established retail configuration for commercial ownership. Zoning is designated UV.
The center fronts Manatee Avenue West in Bradenton, a principal route toward Anna Maria Island. Its setting includes surrounding businesses and residential communities, with access from an established commercial corridor. The property is located at 2601 Manatee Avenue W in Manatee County, within the 34205 postal area.
The center fronts Manatee Avenue West in Bradenton, a principal route toward Anna Maria Island. Its setting includes surrounding businesses and residential communities, with access from an established commercial corridor. The property is located at 2601 Manatee Avenue W in Manatee County, within the 34205 postal area.
Key Highlights
- 10,524‑square‑foot shopping center on a 0.88‑acre site
- Fully leased retail center with established occupancy
- Frontage on Manatee Avenue West in Bradenton
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$129,420
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.98%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$2,588,400
$2.6M
Cap Rate 7%
$1,848,857
$1.8M
Cap Rate 9%
$1,438,000
$1.4M
Market Conditions
NOI Build-Up for 10,524 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$189.4K $18.00/SF
− Vacancy
−$4.5K −$0.43/SF
EGI
$184.9K $17.57/SF
− OpEx
−$55.5K −$5.27/SF
NOI
$129.4K $12.30/SF
Area
Manatee County, FL
Vacancy
2.40%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$2,588,400
Cap Rate 7%
$1,848,857
Cap Rate 9%
$1,438,000
Alternative Uses
Best Use
Retail
$1.85M
$1.62M – $2.16M
NOI $129,420 @ 7.0% cap · market cap 4.98%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.09M
$2.71M – $3.61M
NOI $216,634 @ 7.0% cap · market cap 8.33%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
896
Businesses Nearby
37k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 73%
Dining 27%
Jeremiah's Italian Ice
Dining
10,032 visits/mo
0.1 miles
7-Eleven
Shops & Services
6,900 visits/mo
0.4 miles
Chevron
Shops & Services
6,114 visits/mo
0.1 miles
Shell
Shops & Services
5,413 visits/mo
0.4 miles
Dollar General
Shops & Services
5,324 visits/mo
0.1 miles
Demographics for 34205, FL
33,789
Population
16,610
Households
2
Avg Household Size
44
Median Age
24%
College-Educated
87%
High-School Grad
6.5 sq mi
ZIP Area
5,198
Density / Sq Mi
$51,170
Median Household Income
$37,037
Median Earnings
$1,323
Median Rent
$236,900
Median Home Value
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
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Similar Off Market Nearby
- Welsh Kirk Building — 1312 6th Ave W, Bradenton, FL 34205
- West Gate — 4009 Manatee Ave W, Bradenton, FL 34205
Frequently Asked Questions
What type of property is this?
Shopping center - Fully occupied retail space with block-and-brick construction and direct access from a major Bradenton corridor.
Where is this shopping center located?
The property is located at 2601 MANATEE Avenue W Bradenton, FL.
What is the asking price?
The asking price for this property is $2,600,000.
What are key features of this property?
This property features: 10,524‑square‑foot shopping center on a 0.88‑acre site; Fully leased retail center with established occupancy; Frontage on Manatee Avenue West in Bradenton
