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Property profile & analytics
OFF-MARKET Estimated value $3,200,000
Distribution centers

515 7th W St Palmetto, FL 34221-4729

44,080 SF 4.57 ac lot Built 1977
Entity Owned 22-yr Hold Absentee Owner ~ Est. High Equity
Property ID
US18-2736856
Property summary
AI-generated overview

This exceptional 3,500-square-foot retail space, located at 515 7th St W in Palmetto, Florida (Manatee County, zip code 34220), presents a unique investment opportunity. The property is a single-tenant strip center, completely vacant and ready for immediate occupancy. Built in 2015, the building has undergone renovations, ensuring modern amenities and a fresh aesthetic. The property's location in Palmetto offers excellent visibility and accessibility, situated within a thriving market. A ground lease option is available for qualified buyers, providing flexibility in development plans. The site is ideally suited for new retail development, capitalizing on the high demand for commercial space in this desirable area. This presents a chance to establish a business in a strong market with significant growth potential. The property's size and location make it an attractive option for a variety of retail businesses seeking a prominent presence in Palmetto. The entire 3,500 square feet is currently vacant, allowing for complete customization to suit a tenant's specific needs. This turnkey opportunity combines a renovated building with a prime location, offering a compelling investment proposition for discerning buyers. The potential for significant return on investment is high, given the favorable market conditions and the flexibility offered by the ground lease option. This is a rare chance to acquire a fully vacant, renovated retail space in a desirable location.

Property profile
Verified
Property type Distribution centers
Use group DISTRIBUTION WAREHOUSE
Year built 1977
Total area 44,080 SF
Lot 4.57 ac (199,200 SF)
Zoning code PL_CG
APN 27740.0005-9
UPID US18-2736856
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
Current use
Occupant on record · Public records
  • Winn-Dixie Grocery & Convenience Store Food Market
  • Winn-Dixie Pharmacy Grocery & Convenience Store Food Market
  • Burns Patrick M Pharmacy
  • Redbox Cinema (Bike/Boat/Book/etc) Store
  • Blue Rhino Propane Exchange Propane Supplier
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$4.02M
Blend (final) Blend
$3.20M
Owner & transaction history
Marlin Investments LLC · 22 yrs held
Marlin Investments LLC
since 2003
1 recorded transaction
2003
$1.8M
Zoning & alternative use
PL_CG · Palmetto, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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