7219 Us Highway 41 Palmetto, FL 34221
- Grocery and convenience stores
- 4,400 SF
- 1.75 lot acres
Current Use by Public Records
- US Post Office CPU / Post Office
Property Details for 7219 Us Highway 41
- Year built
- 2007
- Lot size
- 1.75 lot acres
- Property size
- 4,400 SF
- Zone code
- PD-I
- Property type
- Grocery and convenience stores
- APN
- 6767.0020-9
- APU
- 676700209
Description
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.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $9,045,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $11,785,000
- 6.5%
- $10,565,000
- 7%
- $9,960,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $9,225,000
- Geo Method
- $11,880,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $8,470,000
- Retail
- $8,540,000
- Mixed-Use
- $9,135,000
- Hospitality
- $9,480,000
- Educational
- $9,205,000
- Residential Income
- $8,705,000
- Energy
- $10,025,000
- Income-Based Land
- $9,440,000
- Food Service
- $8,340,000
Location Insight
- Map
- Local Demand
- City
- Palmetto
- County
- Manatee
- State
- Florida
- Longitude
- -82.541
- Latitude
- 27.5787
- CBSA code
- 35840
- CBSA name
- NORTH PORT-SARASOTA-BRADENTON, FL METROPOLITAN STATISTICAL AREA
