Medical Office Near Blake
1416 59TH W STREET Bradenton, FL 34209
For Sale
$795,000
Well-appointed medical office building near Blake Medical Center.
Property Size3,168 SF
Lot Size0.99 Acres
Price / SF$250.95
Days on Market764
Property Features for 1416 59TH W STREET
General Information
Standard status
Active
Size
3,168 SF
Lot size
0.99 Acres
Property subtype
Commercial/Industrial
Building Details
Year Built
1972
Listing Agency:
COASTAL CONNECTION REALTY
(941) 704-4310
Listed By:
Randy Buff · License #3389939
(941) 704-4310
Source:
Exitrealty
Added: Jun 26, 2024
Changed: Jul 6
Last Checked: Jul 29 at 5:40AM
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 COASTAL CONNECTION REALTY
Investment Insights
Based on property information with market context.
This medical office building is located on the 59th St W medical corridor, less than 1 mile from Blake Medical Center. The property offers 3,186 sq ft of space, suitable for medical professionals. The layout includes a large waiting room, 8 exam rooms, and 2 large private offices with a private bathroom. There are also dedicated rooms for secure file storage. The property has 14 parking spaces onsite, with room for additional parking expansion, plus 2 carports adjacent to private offices.
Key Highlights
- Prime location on the 59th St W medical corridor, less than 1 mile from Blake Medical Center.
- 3,186 sq ft of well‑laid‑out space, ideally suited for medical professionals.
- Features 8 exam rooms and 2 large private offices with a private bathroom.
Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $73.0k | $23.04 |
| − Vacancy | −$4.0k | −$1.27 |
| EGI | $69.0k | $21.77 |
| − OpEx | −$17.2k | −$5.44 |
| NOI | $51.7k | $16.33 |
3,168 SF · lease $23.04/SF/yr · vacancy 5.50% · expense 25.00%
Alternative Uses
Best Use
Office B
$739.0K
$646.7K – $862.2K
NOI $51,732 @ 7.0% cap · market cap 6.51%
Second Best
Healthcare Medical
$698.7K
$611.4K – $815.2K
NOI $48,909 @ 7.0% cap · market cap 6.15%
Theoretical Best
Office A
$931.6K
$815.2K – $1.09M
NOI $65,213 @ 7.0% cap · market cap 8.20%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Similar Off Market Nearby
- Palma Sola Animal Clinic — 6116 Manatee Ave W, Bradenton, FL 34209
- Palma Sola Animal Clinic: Parisi Leigh DVM — 6116 Manatee Ave W, Bradenton, FL 34209
- Petco Vaccination Clinic — 6757 Manatee Ave W, Bradenton, FL 34209
- Vet Wellcare Vaccinations Clinic at Pet Supermarket — 7208 Manatee Ave W, Bradenton, FL 34209
Frequently Asked Questions
What type of property is this?
Medical Office Space - Well-appointed medical office building near Blake Medical Center.
Where is this medical office space located?
The property is located at 1416 59TH W STREET Bradenton, FL.
What is the asking price?
The asking price for this property is $795,000.
What are key features of this property?
This property features: Prime location on the 59th St W medical corridor, less than 1 mile from Blake Medical Center.; 3,186 sq ft of well‑laid‑out space, ideally suited for medical professionals.; Features **8 exam rooms and 2 large private offices with a private bathroom.**
