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Lake Wales, FL 33859

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5337 GULF DRIVEHolmes Beach, FL 34217 0

$5,650,000
Commercial
Status: Active
  • Sqft:
  • Lot:0.22 acre
  • MLS#: A4447346
27.506099700927734-82.715347290039062
Courtesy Of AMI REAL ESTATE INC

Description:

Great investment opportunity ,100% leased, rarely available prime A+ commercial property in the center of Anna Maria Island .The Property is zoned commercial C 3 with mixed use, the highest use zoning in the city also allowing residential over retail .Four short term apartments where approved by the city in 2017 but permission has now lapsed and must be reapplied for permits to allow construction. Currently the property is home to 10 commercial business with a good mix of business types.The property was originally constructed in the late 1950,s , expanded again in the 1970,s and 2008.Most of the property has been remodeled and brought up to code with 99% of the electrical, plumbing , glazing and roofing all being updated over the current ownership.An opportunity now exists to either partner with the current owner to develop the residential apartments or purchase the property outright , the property is being listed at LESS than a recent appraisal with a 6.5% cap and allowance of the apartment planning.The Parking lot located at 5374 Gulf drive is also included with this sale and is grandfathered use of parking for the C3 zoning bringing the parking spots to 38 number spaces.Another adjacent property under the same ownership may be available if the buyer wanted more parking (17+ )or a mixed use property with Gulf views

Main Features:

Listing Status Active Year Built 2008
County Manatee County Taxes $22,429.00
Tax Year 2018 Rental Price $0
Zoning C3

Additional Features:

Acreage Range 889 Sq. Ft.
Up to 10
Building Area Source Builder
Business Type Bar/Tavern/Lounge
Commercial
Residential
Restaurant
Cooling Central Air
Mini-Split Unit(s)
Property Subtype Mixed Use
Road Frontage Business District
City Street
Main Throrughfare

Extra Features:

Building Expenses 10600.00 CDOM 44
Flood Zone ae Legal Description LOT 5, BLK E, HOLMES BEACH ELEVENTH UNIT P-62-A-S PI#72122.0005/9
Listing URL https://www.state27homes.com/search/listing/A4447346 Lot Size Acres 0.22
Lot Size Square Feet 16500 Number of Buildings 1
Office URL http://www.AMIsunshine.com

Listing information courtesy of My Florida Regional MLS DBA Stellar MLS. All listing information is deemed reliable but not guaranteed and should be independently verified through personal inspection by appropriate professionals. Listings displayed on this website may be subject to prior sale or removal from sale; availability of any listing should always be independently verified. Listing information is provided for consumer personal, non-commercial use, solely to identify potential properties for potential purchase; all other use is strictly prohibited and may violate relevant federal and state law.
Information deemed reliable but not guaranteed.
Copyright© 2019 My Florida Regional MLS DBA Stellar MLS. All Rights Reserved.
Last Updated On: 11/12/2019 9:04:18 PM

5337 GULF DRIVE, Holmes Beach, FL 34217

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Listing information courtesy of My Florida Regional MLS DBA Stellar MLS. All listing information is deemed reliable but not guaranteed and should be independently verified through personal inspection by appropriate professionals. Listings displayed on this website may be subject to prior sale or removal from sale; availability of any listing should always be independently verified. Listing information is provided for consumer personal, non-commercial use, solely to identify potential properties for potential purchase; all other use is strictly prohibited and may violate relevant federal and state law.
Information deemed reliable but not guaranteed.
Copyright© 2019 My Florida Regional MLS DBA Stellar MLS. All Rights Reserved.
Last Updated On: 11/12/2019 9:04:18 PM

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