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17622250
17622257

5426 18th St W, Bradenton, FL 34207 For Sale

SD
FL FL SL3233805
Dreznin Pappas Commercial Real Estate LLC
Listed by Dreznin Pappas Commercial Real Estate LLC
$1,395,000
1787 days on market
Updated 1 day ago

The time has finally come to make a deal on this property!

Details
APN 6039700159
Property Type Hospitality, Mixed Use (+3)
Sub Type Motel, Religious/Church (+1)
Square Footage 6,539
Units 9
Beds 18
Tenancy Multi
Lease Type Gross
Lease Expiration 09/01/2025
Lease Options N/A
Pro-Forma Cap Rate 10.39%
Pro-Forma NOI $145,000
Price per SqFt $213
Class B
Year Built 1997
Year Renovated 2026
Buildings 2
Stories 1
Acreage 0.700
Zoning 7400; Homes for the Aged
Investment Type Value Add
Lease Commencement 11/01/2021
Ground Lease No
Ownership Fee Simple

Refreshed space now available to a user or investor - Let's Connect & discuss the possibilities.

Marketing description

Motivated Sellers - Prefer to sell outright as ownership has been involved in property for the past 3 decades.

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.

Ownership is looking to exit the property they built in 1997-1998 and finally pass the baton to a new owner to keep running toward the 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.

Investment highlights

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 maintained a 22KW Generator with 200 AMPs.

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!

Listing Contacts

SD
FL FL SL3233805
Dreznin Pappas Commercial Real Estate LLC
Listed by Dreznin Pappas Commercial Real Estate LLC

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Additional Information

Name
Sean Dreznin
License
FL SL3233805
Brokerage Phone
941-961-8199
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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