Mixed-Use Redevelopment
For Sale
$1,299,000
1001 & 1007 Manatee Avenue E, Bradenton, FL 34208
Two adjacent parcels offer 106 feet of Manatee Avenue East frontage, onsite parking, and a two-story and one-story building.
Property Size6,580 SF
Price / SF$197.42
Days on Market342
Property Features for 1001 & 1007 Manatee Avenue E
General Information
Standard status
Active
Size
6,580 SF
Total Parking Spaces
21
Property subtype
Commercial
Zoning
BR
Site & Location
Traffic Count
22,500 vehicles/day
Road Access
Yes
Amenities
tiki hut
Building Details
Year Built
1926
Listing Agency:
INTEGRITY REAL ESTATE ADVISORS
Listed By:
Jon Franz · License #3051510
(941) 448-4884
Source:
Realtygroupfl
Added: Oct 7, 2025
Changed: Sep 12
Last Checked: Sep 12 at 10:14AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of INTEGRITY REAL ESTATE ADVISORS
Investment Insights
Based on property information with market context.
This offering includes two adjacent parcels at 1001 and 1007 Manatee Avenue East, totaling approximately 106 feet of frontage along Manatee Avenue East. The site includes approximately 21 on-site parking spaces and features a tiki hut between the buildings that can support outdoor seating or a courtyard-style event setup.
1007 Manatee Ave E includes an updated two-story building with over 4,400 square feet of versatile space, suitable for a variety of uses including office, retail, or mixed-use. 1001 Manatee Ave E includes a one-story building with approximately 2,100 square feet, currently utilized as a place of worship and event space, which has previously accommodated weddings, meetings, and private celebrations.
The property is zoned BR (Business/Residential) and T4-O (Transect 4 - Open). Uses and development standards are subject to City review and approval.
1007 Manatee Ave E includes an updated two-story building with over 4,400 square feet of versatile space, suitable for a variety of uses including office, retail, or mixed-use. 1001 Manatee Ave E includes a one-story building with approximately 2,100 square feet, currently utilized as a place of worship and event space, which has previously accommodated weddings, meetings, and private celebrations.
The property is zoned BR (Business/Residential) and T4-O (Transect 4 - Open). Uses and development standards are subject to City review and approval.
Key Highlights
- Two adjacent parcels at 1001 & 1007 Manatee Avenue East in old downtown Bradenton, FL with approx. 106 ft frontage on Manatee Ave E.
- Approx. 22,500 AADT along Manatee Avenue East, plus approx. 21 on‑site parking spaces for customer and event use.
- 1007 Manatee Ave E: updated two‑story building with 4,400+ SF of versatile space for office, retail, or mixed‑use.
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
$80,918
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
6.23%
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%
$1,618,360
$1.6M
Cap Rate 7%
$1,155,971
$1.2M
Cap Rate 9%
$899,089
$899.1K
Market Conditions
NOI Build-Up for 6,580 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
$118.4K $18.00/SF
− Vacancy
−$2.8K −$0.43/SF
EGI
$115.6K $17.57/SF
− OpEx
−$34.7K −$5.27/SF
NOI
$80.9K $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%
$1,618,360
Cap Rate 7%
$1,155,971
Cap Rate 9%
$899,089
Alternative Uses
Best Use
Retail
$1.16M
$1.01M – $1.35M
NOI $80,918 @ 7.0% cap · market cap 6.23%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.93M
$1.69M – $2.26M
NOI $135,448 @ 7.0% cap · market cap 10.43%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
22,500 VPD
Traffic count
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
2,419
Businesses Nearby
18k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 69%
Hotels & Casinos 29%
Apparel 2%
7-Eleven
Shops & Services
8,388 visits/mo
0.3 miles
Hampton Inn & Suites-Bradenton Downtown Historic District
Hotels & Casinos
5,151 visits/mo
0.1 miles
Truist
Shops & Services
3,775 visits/mo
0.1 miles
Champs Sports
Apparel
364 visits/mo
0.4 miles
Demographics for 34208, FL
38,522
Population
17,056
Households
2.3
Avg Household Size
38
Median Age
22%
College-Educated
80%
High-School Grad
16.5 sq mi
ZIP Area
2,335
Density / Sq Mi
$59,899
Median Household Income
$37,489
Median Earnings
$1,409
Median Rent
$303,600
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in South region
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Frequently Asked Questions
What type of property is this?
Church & religious facility - Two adjacent parcels offer 106 feet of Manatee Avenue East frontage, onsite parking, and a two-story and one-story building.
Where is this church & religious facility located?
The property is located at 1001 & 1007 Manatee Avenue E Bradenton, FL.
What is the asking price?
The asking price for this property is $1,299,000.
What are key features of this property?
This property features: Two adjacent parcels at 1001 & 1007 Manatee Avenue East in old downtown Bradenton, FL with approx. 106 ft frontage on Manatee Ave E.; Approx. 22,500 AADT along Manatee Avenue East, plus approx. 21 on‑site parking spaces for customer and event use.; 1007 Manatee Ave E: updated two‑story building with 4,400+ SF of versatile space for office, retail, or mixed‑use.
