Presented By: SVN COMMERCIAL ADVISORY GROUP with 941-387-1200. - 941-387-1200
MLS# A4614615
06/20/2024
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SQFT • 5,940
Home Details
Great opportunity to purchase a net leased investment along the hot I-75 corridor in the Bradenton-Sarasota area. Part of an eight building office complex with Owners Association set up for all exterior maintenance including roofs, pressure washing, painting and parking lot maintenance. Replacement reserves in CAM to handle these items.
Current Landlord has been subsidizing the CAM by charging below current expenses as well as below current market rates. Great opportunity to increase NOI by $8,500 by increasing CAM over time to current expenses. This would increase CAP rate to 7.4%.
Beautiful, well maintained, fully leased income producing office building for sale. Located on the high-traffic and high-visibility SR 64 corridor just west of I-75 and Lakewood Ranch. This building is located in the southwest corner of the Braden River Office park, closest to the Braden River Plaza which features tenants such as Gecko's, Anytime Fitness, and Tractor Supply Co. This business center overlooks a small lake with fountain, drawing attention from SR 64.
Consisting of 5,940+/- SF, this building is a fully occupied two unit building. With beautiful large columns in the front of the building, brick facade, ample parking spaces, Electric Vehicle Charging Stations, and well maintained landscape; this is a beautiful setting for any professional or medical office tenant.
Presented By: SVN COMMERCIAL ADVISORY GROUP with 941-387-1200. - 941-387-1200
Interior Features for 4740 SR-64
Bathrooms
Total Baths
Other Interior Features
LivingAreaSourcepublic records
Air Conditioning Y/NYes
General for 4740 SR-64
Additional Parcels Description11272122259
Additional Parcels Y/NYes
Building Area Unitssquare feet
Citybradenton
Construction Materialsbrick
Coolingcentral air
Countymanatee
Directionsfrom interstate 75 and state road 64, head east on state road 64. the property will be on the left.
Flood Zone Codex
Flood Zone Code XY
HOANo
Legal Descriptionlot 4 1st national business center, a commercial subd pi#11272.1220/9
Living Area Unitssquare feet
Lot Size Square Feet22268
Lot Size Unitssquare feet
MLS Area34208 - bradenton/braden river
ModificationTimestamp2025-03-03t18:25:11.533z
New ConstructionNo
Ownershipcorporation
Property Subtypeoffice
Property Typecommercial sale
Roofshingle
Standard Statuspending
Statuspending
Subdivision Name1st national bus center
Tax Annual Amount8214
Tax Lot4
Tax Year2023
Water Access Y/NNo
Water View Y/NNo
Waterfront Y/NNo
Year Built2001
Zoningpdp
Exterior for 4740 SR-64
Building Area Total5940
Foundation Detailsslab
Lot Size Acres0.51
Lot Size Area22268
Number of Buildings1
Number of Lots2
Road Frontage Typemain throrughfare, private road, state road
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