Renovated Two-Building Mixed-Use
2101 & 2103 Manatee Ave W, Bradenton, FL 34205
For Sale
$1,250,000
Separate office and retail layouts include a two-level building and a single-level companion structure.
Property Size3,873 SF
Price / SF$322.75
Days on Market47
Property Features for 2101 & 2103 Manatee Ave W
General Information
Standard status
Size
Class
Property subtype
Building Details
Building Size
Year Built
Buildings
Listing Agency:
NDC Commercial Real Estate
Listed By:
Ben Bakker, CCIM · License #FL #BK3279071
(941) 724-8009
Source:
Ndc-commercial
Added: Sep 24
Changed: Nov 5
Last Checked: Nov 8 at 3:08AM
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 NDC Commercial Real Estate
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Investment Insights
Based on property information with market context.
At 2101 and 2103 Manatee Ave W in Bradenton, this mixed-use property comprises two freestanding buildings with office and retail configurations. The larger building contains 2,432 square feet across two stories; the second has 1,441 square feet on one level. Both buildings underwent interior and exterior renovation. Features include sheet metal roofing, newly installed HVAC units, and four restrooms. The property was built in 1941.
Surface parking is located along the side and rear of the buildings. Three points provide vehicle access, and the site has 115 feet of frontage.
Surface parking is located along the side and rear of the buildings. Three points provide vehicle access, and the site has 115 feet of frontage.
Key Highlights
- Two freestanding buildings: 2,432 square feet over two stories and 1,441 square feet on one level
- Office and retail configurations in both buildings
- Interior and exterior renovation; new HVAC units
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$67,899
Cap Rate
5.43%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,357,980
$1.4M
Cap Rate 7%
$969,986
$970.0K
Cap Rate 9%
$754,433
$754.4K
Market Conditions
NOI Build-Up for 3,873 SF
Gross rent
$116.2K $30.00/SF
− Vacancy
−$7.6K −$1.95/SF
EGI
$108.6K $28.05/SF
− OpEx
−$40.7K −$10.52/SF
NOI
$67.9K $17.53/SF
Area
Manatee County, FL
Vacancy
6.50%
Lease Rate
$30.00 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,357,980
Cap Rate 7%
$969,986
Cap Rate 9%
$754,433
Alternative Uses
Best Use
Mixed Use
$970.0K
$848.7K – $1.13M
NOI $67,899 @ 7.0% cap · market cap 5.43%
Second Best
Office B
$903.5K
$790.6K – $1.05M
NOI $63,245 @ 7.0% cap · market cap 5.06%
Theoretical Best
Office A
$1.14M
$996.6K – $1.33M
NOI $79,725 @ 7.0% cap · market cap 6.38%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
1,893
Businesses Nearby
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Business Placement
Demographics for 34205, FL
33,789
Population
16,610
Households
2
Avg Household Size
44
Median Age
24%
College-Educated
87%
High-School Grad
6.5 sq mi
ZIP Area
5,198
Density / Sq Mi
$51,170
Median Household Income
$37,037
Median Earnings
$1,323
Median Rent
$236,900
Median Home Value
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Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Mixed-use property - Separate office and retail layouts include a two-level building and a single-level companion structure.
Where is this mixed-use property located?
The property is located at 2101 & 2103 Manatee Ave W Bradenton, FL.
What is the asking price?
The asking price for this property is $1,250,000.
What are key features of this property?
This property features: Two freestanding buildings: 2,432 square feet over two stories and 1,441 square feet on one level; Office and retail configurations in both buildings; Interior and exterior renovation; new HVAC units
