5502 Cortez Rd Bradenton, FL 34210
- Community centers
- 122,434 SF
- 15.42 lot acres
Current Use by Public Records
- The Toasted Yolk Bradenton / Breakfast Restaurant
Property Details for 5502 Cortez Rd
- Year built
- 1983
- Lot size
- 15.42 lot acres
- Property size
- 122,434 SF
- Zone code
- BR_SCC
- Property type
- Community centers
- APN
- 51111.2015-9
- APU
- 5111120159
Description
Cortez Commons, a two-building retail center in Bradenton, Florida, presents a compelling investment opportunity. Located at 5502 Cortez Rd W, this property boasts a prime location at the corner of 59th Street and Cortez Road West, experiencing high traffic volume with a combined 45,800 cars daily. The center offers multiple tenancy options, with a total of 15,900 square feet currently vacant, divisible into spaces ranging from 800 to 8,500 square feet. Five spaces are immediately available, ideal for a variety of retail or restaurant uses. The property underwent renovations in 2022, ensuring modern and attractive spaces for tenants. Its strategic location benefits from significant residential growth potential, with over 10,000 new homes planned within a two-mile radius. Furthermore, Cortez Commons enjoys high visibility across the street from the highest-volume Walmart Supercenter in Southwest Florida, guaranteeing substantial foot traffic and brand recognition. This exceptional location, combined with the available space and recent renovations, makes Cortez Commons an attractive proposition for businesses seeking a thriving retail environment in a rapidly expanding market. The property's address is 5502 Cortez Rd W, Bradenton, FL 34210.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $6,830,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $5,630,000
- 6.5%
- $5,860,000
- 7%
- $5,715,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $5,175,000
- Geo Method
- $6,150,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $5,135,000
- Retail
- $4,840,000
- Mixed-Use
- $4,540,000
- Hospitality
- $5,410,000
- Educational
- $4,575,000
- Residential Income
- $4,540,000
- Energy
- $5,340,000
- Income-Based Land
- $4,950,000
- Food Service
- $4,815,000
Location Insight
- Map
- Local Demand
- City
- Bradenton
- County
- Manatee
- State
- Florida
- Longitude
- -82.618
- Latitude
- 27.4637
- CBSA code
- 35840
- CBSA name
- NORTH PORT-SARASOTA-BRADENTON, FL METROPOLITAN STATISTICAL AREA