SOLD for $869,000 on October 18, 2021
Listing Price: $899,900Sold Price: $869,000Sold Price/List Price: 97%
Sold Price/Original List Price: 93.95%
Description of Property
Ranch Lake Business Center Jem fully leased centrally located right off ST. Rt. 70 just outside Lakewood Ranch. This 3600 sq. ft. building is a prime location. Very stable investment with long time tenants in place. Current space is a combination of offices and open work spaces, reception area, and multiple bathrooms with two kitchen/brake area's. The condominium association is very stable and and does a wonderful job with the business park. There is ample parking and location provides easy axis for clients to find. This is a excellent investment carrying a current cap rate of 8% with the potential for upside.
Property Details At A Glance
Property Type: Commercial Sale
Property Use or Sub Type: Office
City: Bradenton
County: Manatee
Subdivision: Ranch Lake Bus Center Ph 1
Sq. Ft. Gross: 3,600
Sq. Ft. Living Area: 3,240
Cost per (heated) sqare foot: $278
Year built: 2002
Annual Tax: $7,404
Condo Fee: $695 Quarterly
Taxes and fees can change periodically, and other fees may apply. Please check with your Realtor for more details.
Appliances:
- Dryer
- Microwave
- Refrigerator
- Washer
Accessibility Features:
Window Features:
Additional Rooms:
Ceiling Type: Drywall
Flooring:
- Bamboo
- Ceramic Tile
- Vinyl
Waterfront Info
Pool Features:
Spa Features:
Water Frontage:
Water Access: Not specified
Water Access Type:
Water View:
Exterior & Construction
Architectural Style:
Construction: Block, Stucco
Foundation: Slab
Roof: Shingle
Exterior Features:
Parking Features: Common, Ground Level
Floors Total: 1
Floors in Unit: One
Cooling: Central Air
Heating & Fuel: Central, Heat Pump
Electric:
Patio & Porch Features:
Security Features: Smoke Detector(s)
Other Structures:
View:
Fencing:
Utilities:
- Phone Available
- Public
- Water Connected
Sewer: Public Sewer
Water Source: Public
Community Features:
Association Amenities:
Lot Information
Lot Features:
Lot Size (acres): 0.3
Lot Size (sq. ft.): 12,998 square feet
Road Frontage: Business District
Adjoining Property:
Current Adjacent Use:
Legal Description & Other Information
Financing Available: Cash, Conventional
Parcel Number: 1730941509
Zoning: PDC
Tax Legal Desc.: UNIT E RANCH LAKE BUSINESS CENTER A LAND CONDO PI#17309.4150/9
Listing courtesy of COLDWELL BANKER REALTY. The information relating to real estate for sale on this website comes in part from the My Florida Regional MLS DBA Stellar MLS. This information is provided exclusively for consumers' personal, non-commercial use. It may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data is deemed reliable but is not guaranteed accurate by the MLS.