Medical Office Near Blake Center

1416 59TH W STREET, Bradenton, FL 34209

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For Sale

$795,000

Well-appointed medical office building near Blake Medical Center.

Type:Commercial/Industrial

Property size:

3,168 SF

Lot size:

0.99 Acres

Price / SF:

$250/SF

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.
Includes dedicated rooms/areas for secure file storage.
Offers 14 on‑site parking spaces with ample room for expansion.
Includes 2 carports adjacent to private offices for convenient covered parking.

We can help!

Listing Contact

Randy Buff

For Sale

$795,000

Well-appointed medical office building near Blake Medical Center.

Type:Commercial/Industrial

Property size:

3,168 SF

Lot size:

0.99 Acres

Price / SF:

$250/SF

Added:: Jun 25, 2024
Days on Market:: 719
Last Refresh:: May 19 at 11:56 pm

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

We can help!

Listing Contact

Randy Buff

Listing agent Randy Buff License #3389939

Listing office COASTAL CONNECTION REALTY

Listing date Jun 25, 2024

Source Exitrealty

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All listing content including descriptions, pricing, images are the copyrighted material of COASTAL CONNECTION REALTY

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.
Includes dedicated rooms/areas for secure file storage.
Offers 14 on‑site parking spaces with ample room for expansion.
Includes 2 carports adjacent to private offices for convenient covered parking.

Overview

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.

Local Financial Insights For Office B

Simulate Cap Rate and NOI

NOI Build-Up

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 (±1% cap)

NOI $51,732 @ 7.0% cap · market cap 6.51%

Second Best

Healthcare Medical

$698.7K

$611.4K – $815.2K (±1% cap)

NOI $48,909 @ 7.0% cap · market cap 6.15%

Theoretical Best

Office A

$931.6K

$815.2K – $1.09M (±1% cap)

NOI $65,213 @ 7.0% cap · market cap 8.20%

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

Property Profile Location Intelligence

Current Use by Public Records

Catalano & Fughum PA Pediatrician

Suggested Use

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Petco Vaccination Clinic — 6757 Manatee Ave W, Bradenton, FL 34209
Vet Wellcare Vaccinations Clinic at Pet Supermarket — 7208 Manatee Ave W, Bradenton, FL 34209

Location Insight

Map
Local Demand

City: Bradenton
County: Manatee
State: Florida
Longitude: -82.6217
Latitude: 27.4872

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For sale
Medical Office Space
FL
Bradenton
34209
1416 59TH W STREET

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.**