103 Cortez W Rd Bradenton, FL 34207-1538
- Bars
- 2,452 SF
- 0.76 lot acres
Aug 14, 2024
Current Use by Public Records
- Oneco Rose Bar and Package / Bar / Liquor Store
Property Details for 103 Cortez W Rd
- Year built
- 1977
- Lot size
- 0.76 lot acres
- Property size
- 2,452 SF
- Zone code
- GC
- Property type
- Bars
- APN
- 53356.1000-1
- APU
- 5335610001
Description
This exceptional investment opportunity presents a thriving bar and package liquor store located at 103 Cortez Rd WEST, Bradenton, FL 34207. The property, situated on a 0.76-acre lot, boasts 2,500 square feet of space within a single-story building constructed in 1979. The property is zoned for commercial use and includes a sought-after liquor license, a significant asset for any prospective buyer. The business itself is well-established and highly popular, featuring a large bar area complete with a bandstand and pool table, as well as a convenient drive-up window. The asking price is $1,950,000, translating to $780 per square foot. This turnkey operation offers immediate income generation with significant potential for future growth and expansion. The substantial parking available adds to the property's appeal. The sale includes the real estate, the established business, and the valuable liquor license, presenting a rare opportunity to acquire a profitable and well-positioned business in a desirable location. This prime cash business offers untapped potential for both business expansion and real estate development, making it an attractive investment for discerning buyers. The property's location in Manatee County, Florida, provides easy access to local amenities and a strong customer base.
Value Estimations
-
AI approach
- Method
- Estimation
- Statistic approach
- $550,000
- ML approach
- $550,000
-
Comparable approach
- Method
- Estimation
- AI Estimate
- $487,000
Market price range: $205k - $528k -
Alternative Use
- Use
- Estimation
- NIGHTCLUB (COCKTAIL LOUNGE)
- $340,000 Current use
- OFFICE BUILDING
- $460,000 Change: +36% Conversion: Difficult
- AUTO REPAIR, GARAGE
- $355,000 Change: +5% Conversion: Difficult
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Location Insight
- Map
- Local Demand
- City
- Bradenton
- County
- Manatee
- State
- Florida
- Longitude
- -82.5634
- Latitude
- 27.4618
- CBSA code
- 35840
- CBSA name
- NORTH PORT-SARASOTA-BRADENTON, FL METROPOLITAN STATISTICAL AREA