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33161561
33161559

401 Manatee Ave E, Bradenton, FL 34208 For Sale

AD
FL FL 3271713
American Property Group of Sarasota Inc
Listed by American Property Group of Sarasota Inc
$3,750,000
317 days on market
Updated 22 days ago
Opportunity zone

Class A Medical Building 1 Block from Manatee Memorial

Details
APN 3161600055, 3161300003, 3161200005
Property Type Mixed Use, Office
Sub Type Medical Office
Square Footage 10,462
Net Rentable (SqFt) 10,462
Units 2
Occupancy 40%
Lease Type NNN
Lease Term 10
Lease Expiration 10/31/2033
Remaining Term 7.3
Rent Bumps Yes
Lease Options 1
Pro-Forma Cap Rate 8.05%
Pro-Forma NOI $302,045
Class A
Year Built 1992
Year Renovated 2023
Buildings 1
Stories 2
Acreage 0.900
Zoning T5
Parking Spaces 44 spaces
Parking per 1,000 SqFt 4.21
Investment Type Value Add
Lease Commencement 11/01/2023
Occupancy Date 10/10/2023

Class A Medical Building 1 Block from Manatee Memorial

Marketing description

American Property Group of Sarasota, Inc. presents 401 Manatee Ave E, Bradenton, FL

Property Type: Medical Office Owner User or Investment Property

Property Size: ± 10,462 SF

1st Floor +/- 6,230 SF net rentable (Vacant) - Cancer Treatment was the prior use.

2nd Floor +/- 4,232 SF net rentable (Phys Med on Lease) Physical Therapy

Located just one block from Manatee Memorial Hospital, this Class A medical office building offers an exceptional opportunity for both owner-users and investors. Positioned along Manatee Avenue this building provides strong visibility and accessibility in the heart of Bradenton’s medical corridor.

The first floor, totaling approximately 6,230 SF net rentable, is vacant and ready for immediate occupancy. The new owner can split the first floor into two suite as permits are in place. The current medical buildout includes exam rooms, doctor’s offices, CT treatment areas, patient changing rooms, and multiple restrooms, making it ideal for healthcare providers seeking a turnkey space.

The second floor, approximately 4,232 SF net rentable, is fully leased to Phys Med (www.physmed.com) a physical therapy medical company with 7 locations. Phys Med is on a strong NNN lease in place through February 28, 2034, providing steady income and long-term stability for investors/owner users. Private elevator access connects the common lobby to the tenant’s suite.

This site has 44 parking spaces (4.2 parking spaces per 1,000 sf).

For information regarding the lease on the second floor suite please complete the NDA included in the brochure.

Investment highlights

  • Prime location just one block from Manatee Memorial Hospital

  • Vacant 1st floor ± 6,230 SF medical office suite

  • Permits in place to divide 1st floor into two units

  • Leased 2nd floor ± 4,232 SF (Phys Med – lease through 2034)

  • Common lobby with a motion activated sliding door

  • Waiting area, check-in/check-out, 4 exam rooms, 2 doctor offices

  • Patient changing room, 2 CT rooms, large treatment vault

  • Handicap restroom + 2 additional restrooms on 1st floor

  • Two parking lots with approximately 44 spaces

Listing Contacts

AD
FL FL 3271713
American Property Group of Sarasota Inc
Listed by American Property Group of Sarasota Inc

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Additional Information

Name
Adam Doak
License
FL 3271713
Brokerage Address
7750 South Tamiami Trail
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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