Single-Tenant Restaurant
For Sale
Contact for pricing
1705 8th Avenue West, Palmetto, FL 34221
Restaurant property at a West 8th Avenue address in Palmetto.
Property Size4,620 SF
Price / SF$324.68
Days on Market55
Property Features for 1705 8th Avenue West
General Information
Standard status
Active
Size
4,620 SF
Property subtype
Retail, Mixed Use, Special Purpose
Investment Type
Owner/User
Building Details
Tenancy
Single
Listing Agency:
Universal Holdings
Listed By:
Mark Caraher · License #FL
Source:
Crexi
Added: Aug 22
Changed: Oct 10
Last Checked: Oct 15 at 12:05AM
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 Universal Holdings
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Investment Insights
Based on property information with market context.
This 4,620-square-foot commercial property is classified as a conventional restaurant and configured as a single-tenant asset. The property is located at 1705 8th Avenue West, Palmetto, FL 34221, providing a defined restaurant-focused footprint for a commercial operator or user.
Key Highlights
- 4,620‑square‑foot restaurant property
- Classified as a conventional restaurant
- Single‑tenant commercial asset
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$60,873
Cap Rate
4.06%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,217,460
$1.2M
Cap Rate 7%
$869,614
$869.6K
Cap Rate 9%
$676,367
$676.4K
Market Conditions
NOI Build-Up for 4,620 SF
Gross rent
$83.2K $18.00/SF
− Vacancy
−$2.0K −$0.43/SF
EGI
$81.2K $17.57/SF
− OpEx
−$20.3K −$4.39/SF
NOI
$60.9K $13.18/SF
Area
Manatee County, FL
Vacancy
2.40%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,217,460
Cap Rate 7%
$869,614
Cap Rate 9%
$676,367
Alternative Uses
Best Use
Specialty Retail
$869.6K
$760.9K – $1.01M
NOI $60,873 @ 7.0% cap · market cap 4.06%
Second Best
Retail
$811.6K
$710.2K – $946.9K
NOI $56,815 @ 7.0% cap · market cap 3.79%
Theoretical Best
Office A
$1.36M
$1.19M – $1.59M
NOI $95,102 @ 7.0% cap · market cap 6.34%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Lease Details
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
527
Businesses Nearby
111k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 50%
Groceries 42%
Home Improvements & Furnishings 8%
Publix
Groceries
46,233 visits/mo
0.5 miles
Circle K
Shops & Services
30,401 visits/mo
0.1 miles
Dollar Tree
Shops & Services
15,199 visits/mo
0.4 miles
Palmetto Hardware And More
Home Improvements & Furnishings
9,184 visits/mo
0.5 miles
Shell
Shops & Services
3,430 visits/mo
0.3 miles
Demographics for 34221, FL
48,082
Population
24,812
Households
1.9
Avg Household Size
45
Median Age
28%
College-Educated
91%
High-School Grad
53.9 sq mi
ZIP Area
892
Density / Sq Mi
$74,314
Median Household Income
$40,072
Median Earnings
$1,459
Median Rent
$298,200
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in South region
Frequently Asked Questions
What type of property is this?
Conventional restaurant - Restaurant property at a West 8th Avenue address in Palmetto.
Where is this conventional restaurant located?
The property is located at 1705 8th Avenue West Palmetto, FL.
What is the asking price?
The asking price for this property is $1,500,000.
What are key features of this property?
This property features: 4,620‑square‑foot restaurant property; Classified as a conventional restaurant; Single‑tenant commercial asset
