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Office/Retail Investment or Development site!

$2,500,000

701 8th Ave W, Palmetto, FL 34221

Active
Last Updated: 02/17/2025

11,652 sqft

Building Size

0.52 acres

Lot Area

Details:
Building Size:    11,652 sqft
Lot Area:    0.52 acres
Class:    C
Units:    6
Year Built:    1955
Floors:    1
Description:

Unlock the potential of this versatile retail and office center! Ideally situated in the heart of downtown Palmetto, just steps from the picturesque Manatee River and boasting a dynamic mix of tenants, this property offers compelling value-add opportunities.

The unusually large size and location of the parcel also make it a prime candidate for an amazing redevelopment opportunity, benefitting from its position at a signalized intersection and high traffic counts.

Whether you're seeking a lucrative investment or envisioning a transformative redevelopment project, this property presents a compelling canvas for success in a thriving commercial hub.

Conveniently positioned at a signalized intersection on a main north/south thoroughfare in downtown Palmetto, this prime location offers easy access to the bustling heart of Palmetto. Situated near the picturesque Manatee River, the surrounding area provides a perfect blend of urban convenience and natural beauty. The signalized intersection ensures maximum visibility, making the location easily accessible for visitors and commuters. With its central downtown location, this area presents an appealing opportunity for businesses seeking high visibility and accessibility in a thriving commercial district.

Urban area, downtown Palmetto, lighted intersection. Building is direct street frontage with large parking lot in rear

LOT 1 LESS N 70.4 FT, [INSERT "LESS W 12 FT BLK 1 ZEHNERS ADD"]; TOG WITH THAT PART INCL IN OR 1252/2599 LYING W OF AND ADJ TO THE ABOVE DESC PARCEL: COM AT THE NE COR OF LOT 4, TH S 00 DEG 25 MIN 14 SEC W, 16.29 FT; TH S 89 DEG 56 MIN 35 SEC W, 15 FT TO THE PT OF INTERSECTION OF THE W R/W LN OF 8TH AVE W, & THE S R/W LN OF 8TH ST W; TH CONT S 89 DEG 55 MIN 35 SEC W, ALG SD S R/W LN OF 8TH ST W, 187.57 FT; TH S 00 DEG 20 MIN 04 SEC W, 190.94 FT, M/L; TH S 89 DEG 38 MIN 57 SEC E, 1 FT; TH S 00 DEG 20 MIN 04 SEC W, 50 FT FOR A POB; TH CONT S 00 DEG 20 MIN 04 SEC W, 133.34 FT TO THE N R/W LN OF 7TH ST W; TH N 89 DEG 32 MIN 10 SEC W, ALG SD N R/W LN OF 7TH ST W, 23 FT; TH N 00 DEG 20 MIN 04 SE E, 133.29 FT; TH S 89 DEG 38 MIN 57 SEC E, 23 FT TO THE POB; SUBJ TO EASMT OVER THE W 12 FT IN OR 1252/2601; LESS THAT PART FOR RD R/W: PARCEL 117.1: BEG AT THE INT OF THE S LN OF SD LOT 1 AND THE W EXSTG R/W LN OF SR 45; TH ALG SD S LN, N 89 DEG 36 MIN 49 SEC W, 15.01 FT; TH N 46 DEG 02 MIN 33 SEC E, 13.80 FT; TH N 00 DEG 25 MIN 26 SEC E, 95.23 FT; TH N 02 DEG 04 MIN 32 SEC E, 29.45 FT; TH S 89 DEG 58 MIN 48 SEC E, 4.25 FT, TO SD W EXSTG R/W LN OF SR 45; TH ALG SD W EXSTG R/W LN, S 00 DEG 24 MIN 05 SEC W, 134.35 FT TO THE POB, CONT 724 SF M/L. PI#26998.0000/5

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