$995,000
Description
**Prime Redevelopment Opportunity at the US301/41 Junction!** Situated in a bustling area, this property is poised for exceptional growth and opportunities. Directly across from our location, the upcoming Marriott Palmetto Resort and Spa, an impressive eight-story, 252-room development, is set to open in Spring 2024, adjacent to the Bradenton Convention Center. Furthermore, the Bradenton Convention Center itself is slated to undergo a significant $48 million expansion. This project, expected to complete by Spring 2025, will add an additional 14,000 square feet of event space, significantly increasing foot traffic and business potential in the vicinity. This property boasts an exceptional commercial location with approximately 200 feet of coveted frontage along US HWY 301 / U.S. Hwy 41. It's just a few steps from the Bradenton Area Convention Center, Desoto Bridge, and several luxury high-rise condos. Located at the northwest corner of the recently upgraded 4-way traffic light intersection of US HWY 301 / U.S. Hwy 41 & 7th St West, the site offers excellent visibility and accessibility. According to FDOT's 2022 data, this area experiences an annual average daily traffic (AADT) count of 62,000 vehicles, underscoring its high commercial potential. Zoned for CG Business and Light Commercial use, this site can accommodate a diverse range of retail and commercial services. Possible uses include gas stations, convenience stores, restaurants, liquor stores, business office centers, churches, auto or boat sales, and even hotel/motel lodging. Additionally, this property is located in Palmetto's Redevelopment Zone, potentially qualifying for commercial incentives through the Palmetto Community Redevelopment Agency. We are open to discussions with AAA corporate tenants interested in a NNN lease, particularly those willing to undertake their own build-out projects. **Exciting Local Developments:** Ask your Realtor for the Recent News Articles on Area Development that is anticipated to boost area business here.
Listed by Wes Eaves, .
Property Highlights
- Acres: 0.60
- County: Manatee
- Year Built: 1965
- Property Type: Commercial, Retail
- MLS #: A4596776
Property Features
| Interior Square Footage | 1,134 |
| Lot Size Acres | 0.6 |
| Lot Size Square Feet | 26,249 |
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