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    701 8Th Ave W Palmetto, FL 34221

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    For Lease
    $2,250,000

    Retail and office center in downtown Palmetto, near Manatee River.

    Property size:
    1,700 SF
    Lot size:
    0.09 Acres

    Property Features for 701 8Th Ave W

    General Information

    Size
    1,700 SF
    Lot size
    0.09 Acres

    Source: NDC Commercial Real Estate Agent Benjamin Bakker, CCIM

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Versatile Retail and Office Center

    This retail and office center is located in downtown Palmetto, near the Manatee River. The property offers value-add opportunities and is situated at a signalized intersection with high traffic counts. The property's size and location make it a candidate for redevelopment. The property is suitable for investment or a redevelopment project in a commercial hub. The property has a total of 1700 square feet.
    Location Intelligence

    Current Use by Public Records

    Chris M. Pratt, ... Law Firm J Harris Rhyne ... Title Company

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Palmetto
    County
    Manatee
    State
    Florida
    Longitude
    -82.5730849
    Latitude
    27.5177072

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    FAQs

    What type of property is this?
    Shopping center - Retail and office center in downtown Palmetto, near Manatee River.
    Where is this shopping center located?
    The property is located at 701 8Th Ave W Palmetto, FL.
    What are key features of this property?
    This property features: - Prime downtown location in Palmetto, near the Manatee River.; - High traffic counts and signalized intersection for excellent visibility.; - Versatile retail and office center with a dynamic mix of tenants.
    (941) 724-8009
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    701 8Th Ave W Palmetto, FL 34221
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    Palmetto, FL 34221
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    701 8Th Ave W Palmetto, FL 34221
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