Bradenton Development Site For
For Sale
$1,675,000
2008 53RD Ave E, Bradenton, FL 34203
Development site with in-place zoning and existing rental income.
Property Size5,069 SF
Days on Market191
Property Features for 2008 53RD Ave E
General Information
Standard status
Active
Size
5,069 SF
Property subtype
Investment
Taxes and HOA fees
Annual Taxes
$9,365
Building Details
Building Size
5,069 SF
Year Built
1952
Units
7
Listing Agency:
Compass
Listed By:
Jason Skowronski · License #3288062
(941) 812-6090
Source:
Elliman
Added: Apr 24
Changed: Oct 25
Last Checked: Oct 30 at 3:56PM
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 Compass
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This property is a building site with in-place zoning. It allows for 9 units per acre and benefits from high traffic volume of 37,000 cars per day. An elementary school is located directly across the street. The property is suitable for single-family homes or an assisted living facility. The property currently has 7 rentals, producing approximately $5,000 per month in gross income. The location is somewhat bikeable with a bike score of 46 and somewhat walkable with a walk score of 58.
Key Highlights
- In‑place zoning allows immediate building.
- High‑traffic location with 37,000 cars/day.
- Potential for 9 units per acre development.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$61,334
Cap Rate
3.66%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,226,680
$1.2M
Cap Rate 7%
$876,200
$876.2K
Cap Rate 9%
$681,489
$681.5K
Market Conditions
NOI Build-Up for 5,069 SF
Gross rent
$118.0K $23.28/SF
− Vacancy
−$6.5K −$1.28/SF
EGI
$111.5K $22.00/SF
− OpEx
−$50.2K −$9.90/SF
NOI
$61.3K $12.10/SF
Area
Manatee County, FL
Vacancy
5.50%
Lease Rate
$23.28 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,226,680
Cap Rate 7%
$876,200
Cap Rate 9%
$681,489
Alternative Uses
Best Use
Apartment 5plus
$876.2K
$766.7K – $1.02M
NOI $61,334 @ 7.0% cap · market cap 3.66%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.49M
$1.30M – $1.74M
NOI $104,344 @ 7.0% cap · market cap 6.23%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
481
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
Frequently Asked Questions
What type of property is this?
Residential land & home lot - Development site with in-place zoning and existing rental income.
Where is this residential land & home lot located?
The property is located at 2008 53RD Ave E Bradenton, FL.
What is the asking price?
The asking price for this property is $1,675,000.
What are key features of this property?
This property features: In‑place zoning allows immediate building.; High‑traffic location with 37,000 cars/day.; Potential for 9 units per acre development.
