525 8Th St W Bradenton, FL 34205
- Office buildings
- 4,204 SF
- 0.32 lot acres
Current Use by Public Records
- NatuHerbs / (Bike/Boat/Book/etc) Store / Pharmacy
Property Details for 525 8Th St W
- Year built
- 1998
- Construction
- TYPE NOT SPECIFIED
- Lot size
- 0.32 lot acres
- Property size
- 4,204 SF
- Zone code
- BR_FBC,BR_T6
- Property type
- Office buildings
- APN
- 32653.0010-9
- APU
- 3265300109
Description
This 4,500 square foot, two-story mixed-use office building in Bradenton, Florida, presents a unique investment opportunity. Built in 1998 and renovated in 2011, the property boasts a charming Key West style exterior with lush landscaping and ample parking (approximately 15-18 spaces). The interior features a welcoming reception area, ten plus established offices spread across two levels, a large boardroom/conference room, an expansive open workspace, and a sizable storage area accessible via a 12-foot roll-up door. The building includes separate men's and women's restrooms and a Generac emergency power generator. The central open space offers flexibility for various uses, such as assembly, administrative functions, or even a nurses' station. The property sits on a 0.32-acre lot and is zoned C1/UCBD/T6. The asking price is $1,900,000, making it an attractive owner/user investment. This Class B building offers a blend of Key West charm and modern functionality, ideal for a thriving business. The property is located at 525 8th St W, Bradenton, FL 34205, and features a striking wood plank ceiling and a circular staircase leading to an open-air executive office area.
Value Estimations
-
CAP approach
- CAP Return
- Estimation
- 6%
- $1,220,000
- 6.5%
- $1,125,000
- 7%
- $1,045,000
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $861,000
- AI Estimate
- $616,000
Market price range: $513k - $1.22MMarket price range: $379k - $878k -
Alternative Use
- Use
- Estimation
- OFFICE BUILDING
- $860,000 Current use
- RETAIL STORES
- $1,260,000 Change: +46% Conversion: Moderate
- COMMERCIAL (GENERAL)
- $995,000 Change: +15% Conversion: Easy
- AUTO REPAIR, GARAGE
- $940,000 Change: +9% Conversion: Difficult
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Location Insight
- Map
- Local Demand
- City
- Bradenton
- County
- Manatee
- State
- Florida
- Longitude
- -82.5697
- Latitude
- 27.4946
- CBSA code
- 35840
- CBSA name
- NORTH PORT-SARASOTA-BRADENTON, FL METROPOLITAN STATISTICAL AREA