518 7th Avenue West, Palmetto, FL 34221

Listing Agency: COASTAL CONNECTION REALTY

Listed By: Jeff Greenway · License FL #528291 Show Phone

Source: Compass

Added: Feb 21, 2025 Changed: Nov 6 Last Checked: Nov 8 at 7:47AM

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Investment Insights

Based on property information with market context.

This property is a rare duplex lot located in downtown Palmetto, Florida. It presents an opportunity to build a generational two-family home or to live in one home and generate rental income from the second. Palmetto is situated on the west coast of Florida. Palmetto and Bradenton host multiple festivals and events centered on the Manatee River. Boat races, farmers markets, and food and music festivals are part of the riverside town experience. A new beach ferry service from the Bradenton Riverwalk provides access to the beaches of Anna Maria Island.

Key Highlights

• Rare duplex lot in downtown Palmetto, FL
• Potential for generational 2‑family home or rental income
• Located on Florida's West Coast in Palmetto

Property Analytics

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Open Analytics

Suggested Use

Top Pick Locksmith Catering Service (Bike/Boat/Book/etc) Store Acupuncture Butcher Carpet & Flooring Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

967

Businesses Nearby

Explore this area Business Placement

Demographics for 34221, FL

48,082

Population

24,812

Households

1.9

Avg Household Size

45

Median Age

28%

College-Educated

91%

High-School Grad

53.9 sq mi

ZIP Area

892

Density / Sq Mi

$74,314

Median Household Income

$40,072

Median Earnings

$1,459

Median Rent

$298,200

Median Home Value

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Frequently Asked Questions

What type of property is this?

Residential land & home lot - Rare duplex lot suitable for generational home or rental income.

Where is this residential land & home lot located?

The property is located at 518 7th Avenue West Palmetto, FL.

What is the asking price?

The asking price for this property is $130,000.

What are key features of this property?

This property features: Rare duplex lot in downtown Palmetto, FL; Potential for generational 2‑family home or rental income; Located on Florida's West Coast in Palmetto