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Prime commercial opportunity located at 1001 Manatee Avenue East in old downtown Bradenton, Florida. The property offers approximately 52 feet of frontage along Manatee Avenue East with excellent visibility and an AADT of approximately 22, 500 vehicles per day. The site includes approximately 21 shared on-site parking spaces (with the property at 1007 Manatee Avenue) and is conveniently located minutes from Downtown Bradenton, US-41, and nearby residential neighborhoods. The property is zoned BR (Business/Residential) and T4-O (Transect 4 – Open) which support neighborhood-scale commercial, office, residential, and mixed-use development consistent with the City of Bradenton Comprehensive Plan. Uses and development standards are subject to City review and approval. Located in central Manatee County and near new multifamily development and just south of the Bradenton Riverwalk, this property presents a strong opportunity for owner-users or investors seeking a well-positioned commercial asset. The property features an updated one-story building totaling approximately 2, 100 square feet of open space. The space is well suited for a boutique, studio, shared workspace, or a variety of commercial or event-related uses. The interior includes multiple private rooms and one restroom. Located east of the building is a covered tiki hut measuring approximately 30’ x 70’ (±2, 100 square feet), providing a courtyard-style event area. The property has a proven history of use for weddings, meetings, and private celebrations, with seating capacity for approximately 80 guests. The property at 1007 Manatee Avenue East is also available for sale and includes a s 2 story office building. Owner financing maybe available. There is also a food truck that is available for $40, 000.
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$699,000
William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
RVP, Mortgage Banker
William Raveis Mortgage, LLC
Phone: 917.838.7300
Melissa.Cohn@raveis.com
NMLS Mortgage Loan Originator ID 16953
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5/6 (30 Yr) Adjustable Rate Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
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|---|---|---|---|
| Loan Amount | $559,200 | $559,200 | $559,200 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 6.250% | 6.490% | 5.750% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.507% | 6.649% | 6.026% |
| Monthly Tax Payment | $357 | $357 | $357 |
| H/O Insurance Payment | $92 | $92 | $92 |
| Initial Principal & Interest Pmt | $3,443 | $3,531 | $4,644 |
| Total Monthly Payment | $3,892 | $3,980 | $5,093 |
* The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan.
** Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable rate mortgages [if applicable], are subject to change without prior notice.
The rates and Annual Percentage Rate (APR) cited above may be only samples for the purpose of calculating payments and are based upon the following assumptions: minimum credit score of 740, 20% down payment (e.g. $20,000 down on a $100,000 purchase price), $1,950 in finance charges, and 30 days prepaid interest, 1 point, 30 day rate lock. The rates and APR will vary depending upon your unique credit history and the terms of your loan, e.g. the actual down payment percentages, points and fees for your transaction. Property taxes and homeowner's insurance are estimates and subject to change.