1128 Manatee Ave Bradenton, FL 34208
This exceptional 5,972 square foot boutique hotel, known as Manatee Palms, presents a lucrative investment opportunity in Bradenton, Florida. Located in the heart of the historic district, this two-story property boasts a prime location less than a mile from downtown Bradenton. Its strategic positioning offers easy access to a multitude of amenities, including the Manatee River (just two blocks away), a vibrant selection of local restaurants within a short walking distance, and proximity to the courthouse and hospitals. The hotel operates under a C1A permitted zoning classification. The asking price for this established business is $2,000,000, translating to a price per square foot of $334.90. This represents a compelling value proposition for investors seeking a well-situated hospitality asset in a thriving Florida market. The property's central location ensures convenient access to a wide range of businesses and attractions, making it an ideal choice for both leisure and business travelers. This turnkey operation is offered for sale by owner, providing a streamlined acquisition process. The Manatee Palms hotel offers a unique blend of historical charm and modern convenience, making it a highly desirable investment. Detailed financial information is available upon request.
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Manatee Palms Hotel & Motel
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.