337 8Th Ave Palmetto, FL 34221
- Retail properties
- 6,060 SF
- 0.76 lot acres
Current Use by Public Records
- FemBoy Hooters / Restaurant
Property Details for 337 8Th Ave
- Year built
- 1923
- Lot size
- 0.76 lot acres
- Property size
- 6,060 SF
- Property type
- Retail properties
Description
This iconic 1923 building at 337 8th Avenue West in Palmetto, Florida, presents a unique investment opportunity. Boasting 6,060 square feet on a 0.76-acre lot, this property enjoys a highly visible location with an estimated daily traffic count exceeding 34,000 vehicles. Ample parking is available with 52 spaces on-site. Originally constructed as a residence, the building has been thoughtfully adapted for commercial use, ideally suited for a restaurant or similar establishment. The ground floor features a fully equipped kitchen area, including a substantial walk-in 10x10 freezer and a 10x10 refrigerator. The upper level, approximately 1,930 square feet, offers six bedrooms/offices and three fireplaces, providing versatile space for various business needs. The property's rich history and charming character are undeniable assets. Furthermore, its strategic location benefits from the recent Palmetto Community Redevelopment Agency approval of a mixed-use development on adjacent lots to the south. This development will include "resort-style" apartments and ground-floor retail space, promising increased foot traffic and enhanced visibility for this exceptional property. Priced at $1,200,000, this is a chance to own a piece of Palmetto's history and capitalize on its exciting future. Six fireplaces are located throughout the building.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Palmetto
- County
- Manatee
- State
- Florida
- Longitude
- -82.57333
- Latitude
- 27.51369
