711 Us Highway 301Palmetto, FL 34221Price: $995,000

  • Price: $995,000
  • 37 Days on Market
$
$
%
$/month over payments
Federal 30-year interest rate: 6.9% last updated on Feb 22, 2024
* All Figures are estimates. Check with your bank or proposed mortgage company for actual interest rates.
This product uses the FRED® API but is not endorsed or certified by the Federal Reserve Bank of St. Louis.
  • $995,000List Price
  • 0.6Acreage
  • 1,134Square Feet

Listing Tools

Under contract-accepting backup offers. **Prime Redevelopment Opportunity at the US301/41 Junction!** Situated in a bustling area, this property is poised for exceptional growth and opportunities. Directly across from our location, the upcoming Marriott Palmetto Resort and Spa, an impressive eight-story, 252-room development, is set to open in Spring 2024, adjacent to the Bradenton Convention Center. Furthermore, the Bradenton Convention Center itself is slated to undergo a significant $48 million expansion. This project, expected to complete by Spring 2025, will add an additional 14,000 square feet of event space, significantly increasing foot traffic and business potential in the vicinity. This property boasts an exceptional commercial location with approximately 200 feet of coveted frontage along US HWY 301 / U.S. Hwy 41. It's just a few steps from the Bradenton Area Convention Center, Desoto Bridge, and several luxury high-rise condos. Located at the northwest corner of the recently upgraded 4-way traffic light intersection of US HWY 301 / U.S. Hwy 41 & 7th St West, the site offers excellent visibility and accessibility. According to FDOT's 2022 data, this area experiences an annual average daily traffic (AADT) count of 62,000 vehicles, underscoring its high commercial potential. Zoned for CG Business and Light Commercial use, this site can accommodate a diverse range of retail and commercial services. Possible uses include gas stations, convenience stores, restaurants, liquor stores, business office centers, churches, auto or boat sales, and even hotel/motel lodging. Additionally, this property is located in Palmetto's Redevelopment Zone, potentially qualifying for commercial incentives through the Palmetto Community Redevelopment Agency. We are open to discussions with AAA corporate tenants interested in a NNN lease, particularly those willing to undertake their own build-out projects. **Exciting Local Developments:** Ask your Realtor for the Recent News Articles on Area Development that is anticipated to boost area business here.

Property Details of 711 Us Highway 301

Property Details

Interior Features

Exterior Features

Map Location

Driving Directions

Listed by LIKE IT REALTY

Based on information submitted to StellarMLS as of March 1, 2024 . All data is obtained from various sources and has not been, and will not be, verified by broker or StellarMLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. NOTICE: Many homes contain recording devices, and buyers should be aware they may be recorded during a showing.

Hi there! How can we help you?

Contact us using the form below or give us a call.

Send Us A Message:

Do not fill in this field:

Hi there! How can we help you?

Contact us using the form below or give us a call.

Send Us A Message:

Do not fill in this field:

Hi there! How can we help you?

Contact us using the form below or give us a call.

Send Us A Message:

Do not fill in this field:

Do not fill in this field:

Do not fill in this field:

Do not fill in this field:

$

Do not fill in this field: