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    OFF-MARKET
    Grocery and convenience stores

    1408 8th W Ave, Palmetto, FL 34221

    1,440 SF 0.6 ac lot Built 1962
    Entity Owned 5-yr Hold ~ Est. High Equity
    Property ID
    US18-2669288
    Property summary
    AI-generated overview

    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.

    Property profile
    Verified
    Property type Grocery and convenience stores
    Use group CONVENIENCE STORE (W/FUEL PUMP)
    Year built 1962
    Total area 1,440 SF
    Lot 0.6 ac (26,214 SF)
    Zoning code PL_CG
    APN 26287.0000-3
    UPID US18-2669288
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
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    Blend (final) Blend
    by Request
    Owner & transaction history
    Sarasota Security Patrol INC · 5 yrs held
    Sarasota Security Patrol INC
    since 2021
    Last sale
    $415,000
    2 recorded transactions
    2021
    $415,000
    2021
    Zoning & alternative use
    PL_CG · Palmetto, FL
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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