4427 Caruso Rd Bradenton, FL 34203
This exceptional 1.55-acre commercial land parcel in Bradenton, Florida, presents a remarkable development opportunity. Located at the highly visible corner of 60th Street East and 44th Avenue, this nearly perfectly rectangular site boasts 229 feet of frontage on 44th Avenue and a depth of 295 feet. The property is situated within Manatee County, with APN 1724700059, and benefits from A-1 zoning, offering potential for retail zoning in the future given its proximity to a commercial node. 44th Avenue is undergoing significant development as a major east-west corridor, improving connectivity between eastern Manatee County, Lakewood Ranch, and Bradenton's western beaches. Road completion is anticipated by the end of Spring 2025, with only an I-75 flyover remaining. This location is poised to benefit from the substantial growth of Lakewood Ranch, a nationally recognized top-performing master-planned community. The projected Annual Average Daily Traffic (AADT) of 35,000 vehicles will provide exceptional visibility and accessibility. Utilities are readily available, making this site ideal for immediate development. The asking price is $1,295,000. Don't miss this chance to capitalize on the explosive growth in this thriving area.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
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Property description
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