Restaurant with Commercial
For Sale
$750,000
515 27TH Street E, Bradenton, FL 34208
Commercial Sale, BRADENTON, FL
Property Size2,400 SF
Lot Size0.05 Acres
Price / SF$312.50
Days on Market73
Property Features for 515 27TH Street E
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
BR_UCC
Security features
Security Lighting
Window features
Insulated Windows, Tinted Windows, Window Treatments, ENERGY STAR Qualified WIndows
Appliances
Dishwasher, Microwave, Refrigerator
Subdivision
TWO RIVERS BUSINESS PARK
Lot features
Corner Lot, Curb and Gutters, Industrial Condo, Shopping Center, Sidewalk, Street Lights, Paved
Directions
I-75 exit 220 for SR64 head west to 27th street east and turn left and again left at the access road to unit on right.
Standard status
Active
APN
1158401259
Size
2,400 SF
Lot size
0.05 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
Two Rivers Business Park a Condo Property id's 11584.01259,11584.01209,11584.01309
Tax Annual Amount
2184
Legal Description
Two Rivers Business Park a Condo Property id's 11584.01259,11584.01209,11584.01309
Utilities
Sewer type
Public Sewer
Heating system
Zoned, Natural Gas, Central
Cooling system
Central Air
Water source
Public
Building Details
Year built
2005
Floors in Building
1
Number of units
16
Flooring type
Tile
Building materials
Block, Stucco
Roof type
Built-Up
Listing Agency:
PREFERRED SHORE LLC
(941) 999-1179
Listed By:
Ciro Rocco · License #3575050
(716) 908-9692
Added: Jun 11
Changed: Aug 21
Last Checked: Aug 22 at 12:06AM
MLS# A4696887
Copyright © 2026 Stellar MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This 2,400-square-foot restaurant property combines three connected commercial condominium units at Two Rivers Business Park. The second-generation layout includes an open dining area, dedicated bar lounge, two updated ADA restrooms, and a fully equipped commercial kitchen with a dishwasher, microwave, and refrigerator. Tile flooring, block and stucco construction, public water and sewer, and central air are also in place.
An active SFS 4COP Full Liquor License is tied to the property and supports indoor and outdoor alcohol service. Building improvements include a new built-up commercial roof installed in 2025 and a three-zone high-efficiency HVAC system. The property is zoned BR_UCC and offers immediate occupancy in Bradenton, Florida.
An active SFS 4COP Full Liquor License is tied to the property and supports indoor and outdoor alcohol service. Building improvements include a new built-up commercial roof installed in 2025 and a three-zone high-efficiency HVAC system. The property is zoned BR_UCC and offers immediate occupancy in Bradenton, Florida.
Key Highlights
- 2,400‑square‑foot restaurant across three integrated commercial condo units
- Active SFS 4COP Full Liquor License tied to the location
- Open dining area, bar lounge, two updated ADA restrooms, and equipped commercial kitchen
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$31,622
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.22%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$632,440
$632.4K
Cap Rate 7%
$451,743
$451.7K
Cap Rate 9%
$351,356
$351.4K
Market Conditions
NOI Build-Up for 2,400 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$43.2K $18.00/SF
− Vacancy
−$1.0K −$0.43/SF
EGI
$42.2K $17.57/SF
− OpEx
−$10.5K −$4.39/SF
NOI
$31.6K $13.18/SF
Area
Manatee County, FL
Vacancy
2.40%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$632,440
Cap Rate 7%
$451,743
Cap Rate 9%
$351,356
Alternative Uses
Best Use
Specialty Retail
$451.7K
$395.3K – $527.0K
NOI $31,622 @ 7.0% cap · market cap 4.22%
Second Best
Industrial
$288.4K
$252.4K – $336.5K
NOI $20,191 @ 7.0% cap · market cap 2.69%
Theoretical Best
Office A
$705.8K
$617.6K – $823.4K
NOI $49,404 @ 7.0% cap · market cap 6.59%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
314
Businesses Nearby
16k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 85%
Electronics 15%
Food Mart
Shops & Services
5,146 visits/mo
0.0 miles
BP
Shops & Services
4,730 visits/mo
0.1 miles
Citgo
Shops & Services
2,806 visits/mo
0.3 miles
Metro by T-Mobile
Electronics
2,362 visits/mo
0.2 miles
StorQuest Self Storage
Shops & Services
655 visits/mo
0.2 miles
Demographics for 34208, FL
38,522
Population
17,056
Households
2.3
Avg Household Size
38
Median Age
22%
College-Educated
80%
High-School Grad
16.5 sq mi
ZIP Area
2,335
Density / Sq Mi
$59,899
Median Household Income
$37,489
Median Earnings
$1,409
Median Rent
$303,600
Median Home Value
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Conventional restaurant - Three connected condo units offer a ready-to-operate dining, bar, and kitchen layout in Two Rivers Business Park.
Where is this conventional restaurant located?
The property is located at 515 27TH Street E Bradenton, FL.
What is the asking price?
The asking price for this property is $750,000.
What are key features of this property?
This property features: 2,400‑square‑foot restaurant across three integrated commercial condo units; Active SFS 4COP Full Liquor License tied to the location; Open dining area, bar lounge, two updated ADA restrooms, and equipped commercial kitchen
