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    9750 Bud Rhoden Rd Palmetto, FL 34221

    Sponsored
    For Sale
    $2,400,000

    8.33 Acres, Prime Commercial Zoning

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    395
    This 8.33-acre parcel in Palmetto, Florida (34221), located at 9750 Bud Rhoden Rd, presents a unique development opportunity. Zoned Neighborhood Commercial - Medium (NC-M) within unincorporated Manatee County, this site allows for a diverse range of commercial uses, with a maximum building square footage of 30,000 square feet. Permitted uses include retail, personal services, small shopping centers, mixed-use projects, restaurants, medical marijuana dispensaries, clinics, offices, vehicle repairs, and schools. The property's Future Land Use designation of Res-6 permits up to six units per acre, potentially yielding approximately 50 units. Manatee County's affordable housing density bonuses could further increase density to 12 units per acre, making this site ideal for townhomes, apartments, or residential houses. The asking price is $2,400,000, translating to $288,115 per acre. The potential for assembling additional acreage exists. This property offers significant upside for investors seeking a versatile commercial or residential development project in a rapidly growing area.

    Property Features for 9750 Bud Rhoden Rd

    General Information

    Property type
    Land
    Lot Size
    362,855 SF

    HighLights

    • 8.33‑acre parcel in Palmetto, FL (34221) at 9750 Bud Rhoden Rd.
    • Neighborhood Commercial - Medium (NC‑M) zoning allows diverse commercial uses, up to 30,000 sq ft.
    • Future Land Use (Res‑6) allows up to 6 units/acre (potential for ~50 units), with density bonus potential up to 12 units/acre.
    • $2,400,000 asking price ($288,115/acre).
    • Potential for land assemblage.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Restaurant Spa & Massage Dental Office Nail Salon Auto Repair Shop Wholesale Shop Skin Care Clinic Auto Parts Store Daycare Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Palmetto
    County
    Manatee
    State
    Florida
    Longitude
    -82.52603
    Latitude
    27.602349

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    FAQs

    What type of property is this?
    Land - 8.33 Acres, Prime Commercial Zoning
    Where is this land located?
    The property is located at 9750 Bud Rhoden Rd Palmetto, FL.
    What is the asking price?
    The asking price for this property is $2,400,000.
    What are key features of this property?
    This property features: 8.33-acre parcel in Palmetto, FL (34221) at 9750 Bud Rhoden Rd.; Neighborhood Commercial - Medium (NC-M) zoning allows diverse commercial uses, up to 30,000 sq ft.; Future Land Use (Res-6) allows up to 6 units/acre (potential for ~50 units), with density bonus potential up to 12 units/acre.
    (941) 387-1200
    Request Owner's contact information
    9750 Bud Rhoden Rd 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
    9750 Bud Rhoden Rd Palmetto, FL 34221
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