1408 8th W Ave Palmetto, FL 34221
- Grocery and convenience stores
- 1,440 SF
- 0.60 lot acres
Current Use by Public Records
- Grocery and convenience stores
Property Details for 1408 8th W Ave
- Year built
- 1962
- Lot size
- 0.60 lot acres
- Property size
- 1,440 SF
- Zone code
- PL_CG
- Property type
- Grocery and convenience stores
- APN
- 26287.0000-3
- APU
- 2628700003
Description
This exceptional 1,440-square-foot standalone building in Palmetto, FL, presents a versatile investment opportunity. Situated on a lot with fenced outside storage, the property boasts a highly functional interior layout ideal for a variety of uses. Previously occupied by a towing and security company, the building is meticulously maintained and features recent interior updates. The current configuration includes a welcoming reception/waiting area, a dedicated conference room, a spacious open work area perfect for collaborative projects, a convenient kitchen/break room, and several private offices, providing ample space for individual work or client meetings. Ample parking is available on-site. The property's CG zoning allows for a broad range of commercial uses, including but not limited to retail, medical offices, vehicle or boat sales, restaurants, childcare facilities, veterinary clinics, and liquor stores. Prospective buyers are encouraged to verify permitted uses with the local City and County zoning departments. Approximate pro rata property taxes and insurance total $785.30 monthly. This property offers a unique blend of office space and secure outdoor storage, making it an attractive option for entrepreneurs and investors seeking a well-maintained, adaptable commercial space in a desirable location. The flexible layout and diverse zoning possibilities ensure a high return on investment.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $470,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $455,000
- 6.5%
- $480,000
- 7%
- $510,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $550,000
- Geo Method
- $540,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $515,000
- Retail
- $460,000
- Mixed-Use
- $490,000
- Hospitality
- $395,000
- Educational
- $395,000
- Residential Income
- $525,000
- Energy
- $470,000
- Income-Based Land
- $530,000
- Food Service
- $415,000
Location Insight
- Map
- Local Demand
- City
- Palmetto
- County
- Manatee
- State
- Florida
- Longitude
- -82.5725
- Latitude
- 27.5263
- CBSA code
- 35840
- CBSA name
- NORTH PORT-SARASOTA-BRADENTON, FL METROPOLITAN STATISTICAL AREA
