Renovated Mixed-Use
For Sale
$1,250,000
Pending
4219 60TH STREET W, Bradenton, FL 34209
General Commercial zoning accompanies residential apartments, a studio, and leased garage/storage spaces.
Property Size3,080 SF
Days on Market50
Property Features for 4219 60TH STREET W
General Information
Standard status
Pending
Size
3,080 SF
Property subtype
Commercial
Zoning
General Commercial
Units
Unit Mix
1 x studio, 3 x 3BR/2BA
Multifamily Units
4
Taxes and HOA fees
Annual Taxes
$6,574
Building Details
Building Size
3,080 SF
Year Built
1978
Year Renovated
2020
Listed By:
Francesca Talamo Rossi, PLLC
(941) 744-7004
Source:
Elliman
Added: Aug 25
Changed: Oct 10
Last Checked: Oct 12 at 9:01PM
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 Francesca Talamo Rossi, PLLC
Investment Insights
Based on property information with market context.
Built in 1978, this mixed-use property contains 5,568 square feet under roof, including 3,080 square feet of finished living and business space. Substantial renovations were completed from 2018 through 2020. The upper level includes three updated apartments, each arranged with 3 bedrooms, 2 bathrooms, and individual washer and dryer hookups. Downstairs are four leased garage/storage spaces and a rented studio apartment, creating a combination of residential and commercial occupancy within the same property.
The site is zoned General Commercial and carries a multifamily/mixed-use designation. Located at 4219 60th Street W in Bradenton, the property is near Gulf beaches, IMG Academy, shopping, restaurants, medical facilities, and major transportation corridors across Manatee County. The residential units have historically been used for both annual and seasonal rentals.
The site is zoned General Commercial and carries a multifamily/mixed-use designation. Located at 4219 60th Street W in Bradenton, the property is near Gulf beaches, IMG Academy, shopping, restaurants, medical facilities, and major transportation corridors across Manatee County. The residential units have historically been used for both annual and seasonal rentals.
Key Highlights
- 5,568 square feet under roof with 3,080 square feet of finished living and business area
- Substantial renovations completed from 2018‑2020
- Three upstairs apartments, each with 3 bedrooms and 2 bathrooms
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$97,614
Cap Rate
7.81%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,952,280
$2.0M
Cap Rate 7%
$1,394,486
$1.4M
Cap Rate 9%
$1,084,600
$1.1M
Market Conditions
NOI Build-Up for 5,568 SF
Gross rent
$167.0K $30.00/SF
− Vacancy
−$10.9K −$1.95/SF
EGI
$156.2K $28.05/SF
− OpEx
−$58.6K −$10.52/SF
NOI
$97.6K $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%
$1,952,280
Cap Rate 7%
$1,394,486
Cap Rate 9%
$1,084,600
Alternative Uses
Best Use
Mixed Use
$1.39M
$1.22M – $1.63M
NOI $97,614 @ 7.0% cap · market cap 7.81%
Second Best
Apartment 5plus
$962.5K
$842.2K – $1.12M
NOI $67,372 @ 7.0% cap · market cap 5.39%
Theoretical Best
Office A
$1.64M
$1.43M – $1.91M
NOI $114,616 @ 7.0% cap · market cap 9.17%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
614
Businesses Nearby
Explore this area
Business Placement
Demographics for 34209, FL
32,940
Population
18,896
Households
1.7
Avg Household Size
58
Median Age
36%
College-Educated
93%
High-School Grad
12.6 sq mi
ZIP Area
2,614
Density / Sq Mi
$80,829
Median Household Income
$41,649
Median Earnings
$1,847
Median Rent
$357,300
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - General Commercial zoning accompanies residential apartments, a studio, and leased garage/storage spaces.
Where is this mixed-use property located?
The property is located at 4219 60TH STREET 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: 5,568 square feet under roof with 3,080 square feet of finished living and business area; Substantial renovations completed from 2018‑2020; Three upstairs apartments, each with 3 bedrooms and 2 bathrooms
