Mixed-Use Property with Auto
For Sale
$1,575,000
1623 53RD AVENUE E, Bradenton, FL 34203
An automotive body shop and warehouse space accompany a multi-parcel site with several zoning designations.
Property Size9,124 SF
Price / SF$172.62
Days on Market9
Property Features for 1623 53RD AVENUE E
General Information
Standard status
Active
Size
9,124 SF
Property subtype
Mixed Use
Zoning
GC, PR-M, RMF-6, RSF-6
Site & Location
Highway Access
Yes
Road Access
Yes
Building Details
Year Built
2010
Listing Agency:
THE REAL ESTATE STORE
(941) 685-4224
Listed By:
William Kelly · License #3022961
(941) 870-5570
Source:
Dennisrealty
Added: Sep 28
Changed: Oct 6
Last Checked: Oct 5 at 7:28PM
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 THE REAL ESTATE STORE
Investment Insights
Based on property information with market context.
This mixed-use property combines an operating automotive body shop with approximately 9,124 SF of warehouse and storage space. The building dates to 2010, and the offering includes nearly 7 acres across 1623 53rd Avenue E and an adjoining parcel on 51st Avenue E. The parcels are being sold together and are not available separately.
The property fronts the 53rd Avenue E / SR 70 corridor in Bradenton. Zoning designations across the site include GC, PR-M, RMF-6, and RSF-6. Any future development or land-use plans are subject to Manatee County approval and applicable regulations. The site is in Flood Zone X.
The property fronts the 53rd Avenue E / SR 70 corridor in Bradenton. Zoning designations across the site include GC, PR-M, RMF-6, and RSF-6. Any future development or land-use plans are subject to Manatee County approval and applicable regulations. The site is in Flood Zone X.
Key Highlights
- Nearly 7 acres offered across two parcels, sold together only
- Approximately 9,124 SF of warehouse and storage space
- Existing automotive body shop
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$112,203
Cap Rate
7.12%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,244,060
$2.2M
Cap Rate 7%
$1,602,900
$1.6M
Cap Rate 9%
$1,246,700
$1.2M
Market Conditions
NOI Build-Up for 9,124 SF
Gross rent
$164.2K $18.00/SF
− Vacancy
−$3.9K −$0.43/SF
EGI
$160.3K $17.57/SF
− OpEx
−$48.1K −$5.27/SF
NOI
$112.2K $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 Rate 5%
$2,244,060
Cap Rate 7%
$1,602,900
Cap Rate 9%
$1,246,700
Alternative Uses
Best Use
Mixed Use
$2.29M
$2.00M – $2.67M
NOI $159,955 @ 7.0% cap · market cap 10.16%
Second Best
Retail
$1.60M
$1.40M – $1.87M
NOI $112,203 @ 7.0% cap · market cap 7.12%
Theoretical Best
Office A
$2.68M
$2.35M – $3.13M
NOI $187,816 @ 7.0% cap · market cap 11.92%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
525
Businesses Nearby
Explore this area
Business Placement
Demographics for 34203, FL
39,853
Population
20,709
Households
1.9
Avg Household Size
48
Median Age
26%
College-Educated
87%
High-School Grad
15.5 sq mi
ZIP Area
2,571
Density / Sq Mi
$68,030
Median Household Income
$39,829
Median Earnings
$1,437
Median Rent
$302,500
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Industrial in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Mixed-use property - An automotive body shop and warehouse space accompany a multi-parcel site with several zoning designations.
Where is this mixed-use property located?
The property is located at 1623 53RD AVENUE E Bradenton, FL.
What is the asking price?
The asking price for this property is $1,575,000.
What are key features of this property?
This property features: Nearly 7 acres offered across two parcels, sold together only; Approximately 9,124 SF of warehouse and storage space; Existing automotive body shop
