Corner Retail-Office
1003 1st Street E Bradenton, FL 34208
1003 1st Street E, Bradenton, FL, 34208
$695,000
For Sale
$695,000
Corner retail/office building on a busy US 41 frontage corridor with ample off-street parking.
Property Size1,316 SF
Lot Size0.22 Acres
Price / SF$528.12
Days on Market442
Property Features for 1003 1st Street E
General Information
- Standard status
- Active
- Size
- 1,316 SF
- Lot size
- 0.22 Acres
- Property subtype
- Retail
Building Details
- Year Built
- 2017
Listing agency
SVN COMMERCIAL ADVISORY GROUP
(941) 387-1200
Listed by
Tony Veldkamp, CCIM · License ##BK576074
Source
Xome
Added: May 6, 2025 Updated: Jul 21 at 5:21AM Checked: Jul 21 at 5:21AM
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 SVN COMMERCIAL ADVISORY GROUP
Investment Insights
Based on property information with market context.
This 1,316 +/- square foot corner retail/office building is situated on a lot with frontage on Tamiami Trail/US 41 in Bradenton, Florida. The offering includes the building, a 0.22 +/- acre land component with cross-access and cross-parking easements, with Tropical Smoothie next door.
The site provides easy accessibility and ample parking off of 10th Avenue East, and is located along one of the busiest corridors in Bradenton with a stated traffic count of 65,500 vehicles per day. The building is currently operated as an office for Direct Insurance, with a lease set to expire in August 2026.
In addition to the included land, there is potential to purchase an additional 0.5 +/- acre of vacant land to the east, which was previously approved for a drive-thru via a special use permit. A buyer can choose to renew with the existing tenant, re-tenant the building, or occupy it for a range of potential uses including restaurant, cafe, retail, office, or medical office.
The site provides easy accessibility and ample parking off of 10th Avenue East, and is located along one of the busiest corridors in Bradenton with a stated traffic count of 65,500 vehicles per day. The building is currently operated as an office for Direct Insurance, with a lease set to expire in August 2026.
In addition to the included land, there is potential to purchase an additional 0.5 +/- acre of vacant land to the east, which was previously approved for a drive-thru via a special use permit. A buyer can choose to renew with the existing tenant, re-tenant the building, or occupy it for a range of potential uses including restaurant, cafe, retail, office, or medical office.
Key Highlights
- 1,316 +/- SF retail/office building on a corner lot with frontage on Tamiami Trail/US 41 in Bradenton, FL
- Located on a busy US 41 corridor with a stated traffic count of 65,500 vehicles per day
- 0.22 +/- acre site includes cross‑access and cross‑parking easements with Tropical Smoothie next door
Local 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 | $30.3k | $23.04 |
| − Vacancy | −$1.7k | −$1.27 |
| EGI | $28.7k | $21.77 |
| − OpEx | −$7.2k | −$5.44 |
| NOI | $21.5k | $16.33 |
1,316 SF · lease $23.04/SF/yr · vacancy 5.50% · expense 25.00%
Alternative Uses
Best Use
Office B
$307.0K
$268.6K – $358.2K
NOI $21,490 @ 7.0% cap · market cap 3.09%
Second Best
Healthcare Medical
$290.2K
$254.0K – $338.6K
NOI $20,317 @ 7.0% cap · market cap 2.92%
Theoretical Best
Office A
$387.0K
$338.6K – $451.5K
NOI $27,090 @ 7.0% cap · market cap 3.90%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Direct Auto Insurance
Insurance Agency
Similar For Sale Nearby
FAQs
What type of property is this?
Retail space - Corner retail/office building on a busy US 41 frontage corridor with ample off-street parking.
Where is this retail space located?
The property is located at 1003 1st Street E Bradenton, FL.
What is the asking price?
The asking price for this property is $695,000.
What are key features of this property?
This property features: 1,316 +/- SF retail/office building on a corner lot with frontage on Tamiami Trail/US 41 in Bradenton, FL; Located on a busy US 41 corridor with a stated traffic count of 65,500 vehicles per day; 0.22 +/- acre site includes cross‑access and cross‑parking easements with Tropical Smoothie next door
