Property profile

103 Cortez W Rd Bradenton, FL 34207

OFF-MARKET
Bars & Pubs
Property ID
US18-4829163
2,452 SF 0.76 ac lot Built 1977
Entity Owned 2-yr Hold Absentee Owner ~ Est. High Equity
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Property summary

AI-generated overview

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.

Property profile

Verified
Property type Bars & Pubs
Use group NIGHTCLUB (COCKTAIL LOUNGE)
Year built 1977
Total area 2,452 SF
Lot 0.76 ac (33,106 SF)
Zoning code GC
APN 53356.1000-1
UPID US18-4829163

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Bar & Pub

Location

103 Cortez W Rd Bradenton, FL 34207-1538
Bradenton metro Census 201 NORTH PORT-SARASOTA-BRADENTON, FL METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$550k
CAP Approach CAP
by Request
Comparable Approach Comparable
$487k
Blend (final) Blend
$550k

Owner & transaction history

since 2024
Last sale
$550,000
7 recorded transactions
2024
Price N/A
2024
$550,000
2017
Price N/A
2015
$349,000
2012
$65,000
2004
$150,000
1969
Price N/A

Zoning & alternative use

GC · Bradenton, FL
Top alternative use upside
Office building $460,000 +35.7%
Auto repair, garage $355,000 +4.7%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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