Mixed-Use Redevelopment
416-420 12th St W, Bradenton, FL 34205
For Sale
$2,600,000
Gutted interior with restored brick, impact windows, new subfloors, and high ceilings supports a customized redevelopment plan.
Property Size9,725 SF
Price / SF$267.35
Days on Market94
Property Features for 416-420 12th St W
General Information
Standard status
Size
Zoning
Amenities
exposed brick walls
new impact windows
new subfloors
soaring ceilings
Building Details
Year Built
Buildings
Construction
Listing Agency:
WAGNER REALTY
Listed By:
Ryan Hoffman · License #3051574
(941) 773-9184
Source:
Whitesandsfl
Added: Aug 8
Changed: Oct 25
Last Checked: Oct 7 at 1:42PM
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 WAGNER REALTY
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This mixed-use property in downtown Bradenton was built in 1900 and has been taken back to the studs for redevelopment. Existing improvements include restored brick walls, impact-rated windows, new subfloors, and high ceilings, leaving the interior ready for a customized buildout. The property is located within the Urban Core (T5) zoning district.
Conceptual plans outline a possible mixed-use configuration with restaurant or bar space at ground level, residential units above, and a rooftop deck, subject to approvals. The surrounding downtown setting includes restaurants, bars, retail shops, and active redevelopment, with the Bradenton Riverwalk a short distance away.
Conceptual plans outline a possible mixed-use configuration with restaurant or bar space at ground level, residential units above, and a rooftop deck, subject to approvals. The surrounding downtown setting includes restaurants, bars, retail shops, and active redevelopment, with the Bradenton Riverwalk a short distance away.
Key Highlights
- Urban Core (T5) zoning district
- Interior gutted to the studs for redevelopment
- Restored brick walls, impact windows, and new subfloors
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$170,491
Cap Rate
6.56%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,409,820
$3.4M
Cap Rate 7%
$2,435,586
$2.4M
Cap Rate 9%
$1,894,344
$1.9M
Market Conditions
NOI Build-Up for 9,725 SF
Gross rent
$291.8K $30.00/SF
− Vacancy
−$19.0K −$1.95/SF
EGI
$272.8K $28.05/SF
− OpEx
−$102.3K −$10.52/SF
NOI
$170.5K $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%
$3,409,820
Cap Rate 7%
$2,435,586
Cap Rate 9%
$1,894,344
Alternative Uses
Best Use
Mixed Use
$2.44M
$2.13M – $2.84M
NOI $170,491 @ 7.0% cap · market cap 6.56%
Second Best
Retail
$1.71M
$1.49M – $1.99M
NOI $119,594 @ 7.0% cap · market cap 4.60%
Theoretical Best
Office A
$2.86M
$2.50M – $3.34M
NOI $200,187 @ 7.0% cap · market cap 7.70%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
2,419
Businesses Nearby
18k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 69%
Hotels & Casinos 29%
Apparel 2%
7-Eleven
Shops & Services
8,388 visits/mo
0.3 miles
Hampton Inn & Suites-Bradenton Downtown Historic District
Hotels & Casinos
5,151 visits/mo
0.1 miles
Truist
Shops & Services
3,775 visits/mo
0.1 miles
Champs Sports
Apparel
364 visits/mo
0.4 miles
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
Market
Vacancy Rate% for Retail in South region
Frequently Asked Questions
What type of property is this?
Mixed-use property - Gutted interior with restored brick, impact windows, new subfloors, and high ceilings supports a customized redevelopment plan.
Where is this mixed-use property located?
The property is located at 416-420 12th St W Bradenton, FL.
What is the asking price?
The asking price for this property is $2,600,000.
What are key features of this property?
This property features: Urban Core (T5) zoning district; Interior gutted to the studs for redevelopment; Restored brick walls, impact windows, and new subfloors
