515 7th W St Palmetto, FL 34221-4729
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.
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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
PL_CG · 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.