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    OFF-MARKET
    Grocery and convenience stores

    7219 Us Hwy 41st N, Palmetto, FL 34221-9610

    4,400 SF 1.75 ac lot Built 2007
    Entity Owned 2-yr Hold ~ Est. High Equity
    Property ID
    US18-4857127
    Property summary
    AI-generated overview

    This exceptional 7.61-acre industrial property in Palmetto, Florida, offers unparalleled commercial potential. Boasting 333,000 square feet and approximately 610 feet of direct frontage on US Highway 41 North, this site benefits from exceptional visibility and accessibility. Located just 2.4 miles from the I-75 and I-275 intersection and a mere 0.5 miles from I-275 exit #2, this location provides seamless connectivity to major transportation arteries. The property is already zoned PD-I, allowing for a wide range of commercial uses. High traffic counts are a significant advantage, with Florida Department of Transportation reporting an average daily traffic count of 33,000 vehicles on US Highway 41 North in 2021. The property's strategic location, only 20 miles from both St. Petersburg and Sarasota's vibrant downtowns and 17 miles from Sarasota-Bradenton International Airport, further enhances its appeal. This prime location is within a rapidly growing area, experiencing significant commercial development along the bustling I-75 corridor. The seller is open to considering the division of the property, with approximately 2.5 acres of outparcels available along US Highway 41 North. This presents a unique opportunity for investors and developers seeking a high-impact commercial investment in a thriving market.

    Property profile
    Verified
    Property type Grocery and convenience stores
    Use group CONVENIENCE STORE
    Year built 2007
    Total area 4,400 SF
    Lot 1.75 ac (76,056 SF)
    Zoning code PD-I
    APN 6767.0020-9
    UPID US18-4857127
    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
    • US Post Office CPU Post Office
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
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    Comparable Approach Comparable
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    Blend (final) Blend
    by Request
    Owner & transaction history
    Circle K Stores INC · 2 yrs held
    Circle K Stores INC
    since 2023
    Last sale
    $10.9M
    7 recorded transactions
    2023
    $10.9M
    2022
    $5.9M
    2006
    1969
    1969
    1969
    1969
    Zoning & alternative use
    PD-I · Palmetto, FL
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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