1511 24th E Ave Palmetto, FL 34221-6530
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
HM · Palmetto, FLPalmetto. Always verify with local authorities before improvements.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.