Three-Story Mixed-Use
New
For Sale
$1,199,000
420 12TH W, Bradenton, FL 34205
The interior has been stripped back, with exposed brick, replacement windows, new subfloors, and high ceilings in place.
Property Size6,450 SF
Price / SF$185.89
Days on Market1
Property Features for 420 12TH W
General Information
Standard status
Active
Size
6,450 SF
Property subtype
Commercial
Zoning
Urban Core (T5)
Taxes and HOA fees
Annual Taxes
$7,518
Building Details
Building Size
6,450 SF
Year Built
1900
Buildings
1
Stories
3
Construction
brick
Listing Agency:
Wagner Realty
Listed By:
Ryan Hoffman · License #3051574
(941) 773-9184
Source:
Elliman
Added: Oct 11
Last Checked: Oct 11 at 5:05AM
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 Wagner Realty
Investment Insights
Based on property information with market context.
This three-story mixed-use property in downtown Bradenton offers approximately 6,450 square feet. The interior has been taken back to its structural elements, while exposed brick, new impact windows, new subfloors, and high ceilings are in place. Urban Core (T5) zoning supports mixed-use development, and the interior can be configured for a future project.
The property is in a downtown area with restaurants, bars, and retail shops nearby. The Bradenton Riverwalk is also a short distance away, and pedestrian activity is present in the surrounding district.
The property is in a downtown area with restaurants, bars, and retail shops nearby. The Bradenton Riverwalk is also a short distance away, and pedestrian activity is present in the surrounding district.
Key Highlights
- Approximately 6,450 SF across three stories
- Urban Core (T5) zoning
- Restored exposed brick, new impact windows, and new subfloors
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$79,320
Cap Rate
6.62%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,586,400
$1.6M
Cap Rate 7%
$1,133,143
$1.1M
Cap Rate 9%
$881,333
$881.3K
Market Conditions
NOI Build-Up for 6,450 SF
Gross rent
$116.1K $18.00/SF
− Vacancy
−$2.8K −$0.43/SF
EGI
$113.3K $17.57/SF
− OpEx
−$34.0K −$5.27/SF
NOI
$79.3K $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%
$1,586,400
Cap Rate 7%
$1,133,143
Cap Rate 9%
$881,333
Alternative Uses
Best Use
Mixed Use
$1.62M
$1.41M – $1.88M
NOI $113,077 @ 7.0% cap · market cap 9.43%
Second Best
Retail
$1.13M
$991.5K – $1.32M
NOI $79,320 @ 7.0% cap · market cap 6.62%
Theoretical Best
Office A
$1.90M
$1.66M – $2.21M
NOI $132,772 @ 7.0% cap · market cap 11.07%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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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
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
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Frequently Asked Questions
What type of property is this?
Mixed-use property - The interior has been stripped back, with exposed brick, replacement windows, new subfloors, and high ceilings in place.
Where is this mixed-use property located?
The property is located at 420 12TH W Bradenton, FL.
What is the asking price?
The asking price for this property is $1,199,000.
What are key features of this property?
This property features: Approximately 6,450 SF across three stories; Urban Core (T5) zoning; Restored exposed brick, new impact windows, and new subfloors
