$1,495,000
$1,495,000
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323 10TH AVE W Palmetto, FL 34221
14,526 SqFt
Key Details
Sold Price $1,495,000
Property Type Commercial
Sub Type Office
Listing Status Sold
Purchase Type For Sale
Square Footage 14,526 sqft
Price per Sqft $102
Subdivision Lambs
MLS Listing ID A4475036
Sold Date 12/11/20
HOA Y/N No
Year Built 1923
Annual Tax Amount $19,104
Lot Size 0.270 Acres
Acres 0.27
Property Description
Enjoy steady cash flow from this 100% occupied building. The historic Crusader Building originally built in 1923 has been tastefully updated in its original charm with new roof, high impact windows, decorative awnings, air conditioning and more. A nice mix of office and professional tenants with the State of Florida's Department of Motor Vehicles, your anchor whose current lease runs through the end of December 2025. Located at Regatta Point and the Central Business District in the City of Palmetto, there is consistent high demand to be situated in this area. The Palmetto Community Redevelopment Agency recently acquired nearly two acres to build a parking garage downtown. Funding has also been approved for revitalization to the roads, sidewalks and lighting structures along 10th Avenue and the immediate surrounding area.
Location
State FL
County Manatee
Community Lambs
Zoning CG
Direction W
Interior
Heating Electric
Cooling Central Air
Exterior
Utilities Available Electricity Available, Public, Water Connected
Waterfront false
Building
Foundation Crawlspace
Lot Size Range 1/4 to less than 1/2
Sewer Public Sewer
Structure Type Concrete
New Construction false
Others
Ownership Corporation
Special Listing Condition None
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Bought with SVN COMMERCIAL ADVISORY GROUP