Overview

Description

*Property is currently being split into separate parcel IDs and turned into Commercial Condos

Two Income-Producing Commercial Buildings

100% Occupied

602 & 606 Manatee Avenue West

Between 6th & 7th Streets

Bradenton, Florida 34205

Well-Located Handsome, Historic Manatee Avenue West Commercial Buildings. Great Street Presence, terrific visibility. On "Medical Row", opposite Manatee Surgical Center and Bradenton Cardiology Center and just steps from Ear Nose & Throat Associates, Manatee County Health Dept., The Eye Depot, Radiation Oncology Centers of Southwest Florida, West Coast Ob/gyn and other healthcare providers. Six blocks east of the Manatee Memorial Hospital complex on US41, 6 blocks west of downtown Bradenton. One block south of the Manatee riverfront "Riverwalk" Prominade. Between the new 700 units development “The Preserve at Riverwalk”, at east 10th Street & Manatee Avenue East and the 100 unit luxury “Allure” which just broke ground west of us at 1st street & Manatee Avenue West. Adjoins the historic & now closed 65 year old Tip Top Tavern, reported to be replaced by a new restaurant and bar called “The Railhouse”. Traffic count: 47,500 vehicles a day.

One 2-story and one 1-story buildings, Over $300,000 invested in a gut renovation of both buildings including new electric, plumbing, air conditioning, walls, dropped ceilings, storefronts, sprinkler & fire alarm system and new 800 amps electric service*. Shared parking easement with parking lot behind building.

Size: 602: 2,500 sq. ft., ground floor (& @ 400 sf inaccessible 2nd floor space, but included with One Tribe space)

606: 2,500 sq. ft., ground floor

2,500 sq. ft, 2nd floor

Total: 7,900 sq. ft.

Income:

602: ground floor store, One Tribe Fitness: $2,200./mo. Lease 2/1/219-4/30/22

606: ground floor store: Pesto Italian restaurant: $2,000/mo., Lease 8/1/18-7/31/2023 (Pesto Italian Restaurant is currently renovating the interior and will be officially re opening in November 2021.

606: 2nd floor: Bridget Lopez photography studio: $1,833./mo. Lease: 12/1/14-4/30/22

Est. Income: $72,396 p/a

Est. Expenses:

Property taxes: $ 2,577 (apportioned by sq.ft. from total)

Insurance: $ 4,800

Total*: $ 7,377

*As everything new, no repairs estimate, no landscaping.

Est. Profit: $ 65,079

Location

Located on Manatee Ave across from the Cancer Center.

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