DREZNIN PAPPAS COMMERCIAL REAL ESTATE LLC

Investment Highlights

Motivated Sellers - Prefer to sell outright as ownership has been involved in property for the past 3 decades. This is a fantastic and rare opportunity to acquire a well put together property. There had been a tenant in place operating an ILF for the past 5 years. That tenant has vacated the space and ownership is actively in the process of repairing, enhancing and improving the space and future of this building for a user or investor.
Ahead of recovering the interior space ownership put new roofs on each building within the past 12 months and have continuously maintained a 22KW Generator with 200 AMPs, main building sprinkler system and other important equipment (HVAC's, plumbing, electric, etc). They have also had the main building tested for WDO (termites) and it received a written clean bill of health.
Plenty of area for serene outdoor settings are on this .44 acre site as well. Featuring a large, shaded backyard garden area with majestic Oaks providing the canopy, and storage sheds, as well as additional land and a 2nd building on the south side of the property. Providing plenty of room for future expansion. And easy conversion to additional rooms or staff housing. Call Dreznin Pappas Commercial Real Estate @ 941-961-8199 today to view some videos, review the Offering Memorandum or discuss this amazing property before it's SOLD!
The main building is available and can be utilized for your vision. The cottage is rented month to month to a family friend of owner who maintains property. The cottage can be made available if desired. The cottage and land at the Southern end of the property are now on their own parcel and the main building with its fenced in yard is on its own parcel as well. The are being sold together, although if the main building is only preferred, we can discuss selling the main building by itself.

Property Opportunity & Highlights

Ownership is looking to exit the property they enhanced and built in 1997-1998 and pass the potential to a new owner to keep momentum toward a successful finish line! We are considering leasing the space but for the time at hand, we believe keeping the space available for a user may be in the best and highest use parameters. Contact Dreznin Pappas Commercial Real Estate @ 941-961-8199 today to view some videos, review the Offering Memorandum or discuss this amazing property before it's SOLD!

Location Summary

Bayshore Gardens is a census-designated place (CDP) and planned community in Manatee County, Florida, United States. The population was 16,323 at the 2010 census. It is part of the Bradenton–Sarasota–Venice Metropolitan Statistical Area.
In 1955, a New York syndicate led by developer Sydney R. Newman purchased the area now known as Bayshore Gardens on the west side of U.S. 41 along the eastern shore of Sarasota Bay, just north of the Sarasota/Manatee county line, and platted an area between what was dubbed Bayshore Gardens Parkway running from U.S. 41 to 26th Street West and Sarasota Bay that would become Bayshore Gardens. The property was purchased for about 2 million dollars, making it the most expensive land purchase in the area since the 1920s. This 3,200-acre area, once fields for growing tomatoes, would include recreation areas and a marina, schools, churches, shopping centers and medical facilities as well as homes.
Bradenton’s economy is primarily driven by tourism due to its close proximity to gulf coast beaches, the Tampa Bay Area and other agricultural preserves The Bradenton tourism industry employs nearly 26,100 residents, creates $1.3 billion in economic impact and contributes $54.4 million in sales tax
• TOP AREA EMPLOYERS COMPANY EMPLOYEES Manatee County School District 6,900 Beall’s Inc. 4,100 Manatee County Government 3,081 Manatee Memorial Hospital 1,545 Goodwill Industries Manasota Inc. 1,279 Tropicana Products 1,000