700 8th Ave W, Palmetto, FL 34221

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Building Details:

700 8th Ave W is located in Palmetto, FL.

MOTIVATED SELLERS ....MAKE AN OFFER BASED ON CURRENT INCOME AND BENEFIT FROM ADDED VALUE AS VACANT SPACE IS LEASED.

Building is anchored by BOA (10,537 +/- sf plus 4,704 +/- sf drive thru facility). Current lease is in effect until Sept 2016 with additional options thru 2035.
Current first floor vacant office space amounts to 11,737 +/- sf. ESTIMATED NET INCOME RESULTING FROM LEASEING THE CURRENTLY VACANT SPACE AMOUNTS TO $ 74,000.00 PER YEAR This space can be ivided into three suites. All are in usable condition and ready for occupancy.
Projected NOI for FY 2011 IS APPROX $ 59,440.00
Two surplus land parcels are included; 1.25 acres zoned for commercial usage, and 45,000 sf zoned for residential use. Both parcels are separately deeded and can be sold outright or developed.
Site contains 171 parking spaces. Pro forma and floor plans attached.