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Property profile & analytics
OFF-MARKET
Manufacturing properties

1511 24th E Ave Palmetto, FL 34221-6530

13,152 SF 10.6 ac lot Built 1976
Entity Owned 15-yr Hold Absentee Owner Free & Clear
Property ID
US18-3253810
Property summary
AI-generated overview

This exceptional 19,492-square-foot industrial property in Palmetto, Florida, presents a compelling investment opportunity. Located at 1511 24th Ave E, this vacant building sits on a substantial 10.6-acre lot, offering significant potential for expansion or redevelopment. The property's flexible zoning, designated as Light Manufacturing (LM), allows for a wide range of industrial uses. Its strategic location less than a block from US 301 provides excellent access to major transportation routes, enhancing its logistical advantages. The asking price is $7,000,000, translating to $359.12 per square foot. The property features a single building and is situated in Manatee County, Florida, with a zip code of 34221. The ample acreage provides considerable buildable land, making it ideal for new construction or expansion projects. This property is perfect for businesses seeking a strategic location with significant growth potential in a thriving industrial area. The property's versatility, combined with its prime location and substantial land area, makes it a highly attractive investment prospect. The property's APN is 10002-1010-2. This is a rare opportunity to acquire a significant industrial asset in a rapidly developing area.

Property profile
Verified
Property type Manufacturing properties
Use group FOOD PACKING, PACKING PLANT
Year built 1976
Construction CONCRETE
Total area 13,152 SF
Lot 10.6 ac (461,736 SF)
Zoning code HM
APN 10002.1010-2
UPID US18-3253810
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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Comparable Approach Comparable
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Blend (final) Blend
by Request
Owner & transaction history
Falkner I LLC · 15 yrs held
Falkner I LLC
since 2010
2 recorded transactions
2010
Price N/A
2009
Price N/A
Zoning & alternative use
HM · Palmetto, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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