Great opportunity to purchase a net leased investment along the hot I-75 corridor in the Bradenton-Sarasota area. Part of an eight building office complex with Owners Association set up for all exterior maintenance including roofs, pressure washing, painting and parking lot maintenance. Replacement reserves in CAM to handle these items.
Current Landlord has been subsidizing the CAM by charging below current expenses as well as below current market rates. Great opportunity to increase NOI by $8,500 by increasing CAM over time to current expenses. This would increase CAP rate to 7.4%.
Beautiful, well maintained, fully leased income producing office building for sale. Located on the high-traffic and high-visibility SR 64 corridor just west of I-75 and Lakewood Ranch. This building is located in the southwest corner of the Braden River Office park, closest to the Braden River Plaza which features tenants such as Gecko's, Anytime Fitness, and Tractor Supply Co. This business center overlooks a small lake with fountain, drawing attention from SR 64.
Consisting of 5,940+/- SF, this building is a fully occupied two unit building. With beautiful large columns in the front of the building, brick facade, ample parking spaces, Electric Vehicle Charging Stations, and well maintained landscape; this is a beautiful setting for any professional or medical office tenant.
Lot & Building Features
ConstructionBrick
CoolingCentral Air
Tax Year2023
Taxes Paid$8,214
Price History of 4740 SR-64, BRADENTON, FL
Date
Name
Price
Difference
12/31/1969
Listing Price
$1,450,000
N/A
*Information provided by REWS for your reference only. The accuracy of this information cannot be verified and is not guaranteed.
4740 SR-64 (MLS #A4614615) is a commercial listing located in BRADENTON, FL.
This is a commercial listing with a lot of 22,216 sqft (or 0.51 acres). This property was listed on 09/20/2024 and has been priced for sale at $1,450,000.
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Listing information courtesy of: SVN COMMERCIAL ADVISORY GROUP