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    1321 77Th St Palmetto, FL 34221

    Sponsored
    For Sale
    $10,500,000

    52 Acres, Multi-Zoned, Investment Opportunity

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 52-acre industrial land assemblage in Palmetto, Manatee County, Florida, presents a compelling investment opportunity. The property, located at 1321 77th St E, 34221, boasts a prime location with convenient access to I-275, I-75, and US Hwy 41. Zoned A-1 (Suburban Agriculture), LM (Light Manufacturing), and HM (Heavy Manufacturing), this expansive site offers significant development potential. Existing improvements include a substantial 16,443.50-square-foot main steel building constructed in 1978, featuring a 30-foot ceiling height and three large overhead doors (20'x46', 20'x24', and 20'x20'). This main building also includes an 850-square-foot office space. Two additional metal storage buildings, totaling 3,671 square feet (2,231 sq ft and 1,440 sq ft), provide ample supplementary space. A 1,056-square-foot modular office building and a 720-square-foot on-site security residence trailer further enhance the property's functionality. The asking price for this remarkable opportunity is $10,500,000. APN: 2073800001 | 2073000008 | 676100100 | 67100050. This property is ideal for developers and investors seeking a high-potential asset in a thriving market.

    Property Features for 1321 77Th St

    General Information

    Property type
    Land
    Lot Size
    2,265,120 SF

    HighLights

    • 52‑acre contiguous industrial land assemblage in Palmetto, FL.
    • Light and Heavy Industrial zoning; future land use designated as Heavy Industrial.
    • 16,443.5 SF main steel building (1978 construction) with 30' ceilings and three large overhead doors (20'x46', 20'x24', 20'x20').
    • Additional improvements include two metal storage buildings totaling 3,671 SF, a 1,056 SF modular office building, and a 720 SF security residence.
    • Excellent highway access via I‑275, US Hwy 41, and I‑75.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Realty agency Building Supply Spa & Massage Wholesale Shop Auto Repair Shop Hair Salon Clothing Store Nail Salon Hotel & Motel

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Palmetto
    County
    Manatee
    State
    Florida
    Longitude
    -82.550408397533
    Latitude
    27.582891080361

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    FAQs

    What type of property is this?
    Land - 52 Acres, Multi-Zoned, Investment Opportunity
    Where is this land located?
    The property is located at 1321 77Th St Palmetto, FL.
    What is the asking price?
    The asking price for this property is $10,500,000.
    What are key features of this property?
    This property features: 52-acre contiguous industrial land assemblage in Palmetto, FL.; Light and Heavy Industrial zoning; future land use designated as Heavy Industrial.; 16,443.5 SF main steel building (1978 construction) with 30' ceilings and three large overhead doors (20'x46', 20'x24', 20'x20').
    Request Owner's contact information
    1321 77Th St Palmetto, FL 34221
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    Palmetto, FL 34221
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1321 77Th St Palmetto, FL 34221
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