Property Details for 4730 Fl-64

Year built

2001

Lot size

2.31 lot acres

Property size

27,390 SF

Property type

Office properties & Spaces

Property subtype

Medical Office Space

Description

This exceptional Class A, multi-tenant office building presents a compelling investment opportunity in Bradenton, Florida. Located at 4730 FL-64, this 27,390 square foot property boasts a 100% occupancy rate across six units, generating a substantial net operating income (NOI) of $355,485, representing a 6.77% cap rate. The asking price is $5,250,000, or $191.68 per square foot, and $875,000 per unit. Built in 2001, this single building sits on a 2.31-acre lot within the Suburban Commercial Corridor (SCC) zoning, offering ample parking and visibility. The property benefits from a triple-net (NNN) lease structure, minimizing landlord responsibilities. Situated on the high-traffic SR 64 corridor, near I-75 and Lakewood Ranch, this location provides excellent visibility and accessibility. The building's attractive design, including large columns and landscaping, enhances its appeal. Current below-market rents and CAM charges offer a significant value-add potential for future income growth. The property is part of an eight-building office complex with an active owners association maintaining replacement reserves for exterior upkeep. This is a truly exceptional opportunity to acquire a high-performing, well-maintained office investment in a prime location. The property's APN is 1127212159.

Location Insight

City

Bradenton

County

Manatee

State

Florida

Longitude

-82.5036

Latitude

27.4965