239 US Hwy 301 E - Office FOR SALE


Bradenton, FL 34208
$1,750,000 USD
813-629-0997
239 US Hwy 301 E, Bradenton, FL for Sale
$1,750,000 USD
Office - FOR SALE
1/13
null | 7.98% Cap Rate

239 US Hwy 301 E
Bradenton, FL 34208


HIGHLIGHTS

  • Located near US 41 and Highway 301 for high visibility
  • Abundant Parking
  • Solid Block Construction
  • Positioned in a growing Bradenton corridor with regional connectivity

OVERVIEW

Strategically positioned just off the high-traffic intersection of US 41 and Highway 301 Boulevard in Bradenton, Florida, the DeSoto Professional Building offers investors a rare opportunity to acquire a fully leased office asset with immediate upside potential. Spanning 10,860 square feet, the property comprises eight individual office suites ranging from 1,200 to 1,680 square feet, all occupied by long-standing tenants who currently pay below-market rents. Approximately half of the tenants are on month-to-month leases, presenting a clear path to restructure lease terms into Triple Net (NNN) agreements. This transition would shift key operating expenses, including property taxes, insurance, and maintenance, onto tenants, significantly improving net operating income over time. The remaining tenants are scheduled for renewal in 2024, offering further flexibility to implement NNN terms across the board. The building’s location benefits from strong visibility and accessibility, with proximity to major commercial corridors, retail centers, and residential neighborhoods. Bradenton continues to attract business growth due to its favorable tax climate, expanding population base, and proximity to Sarasota and Tampa markets. This asset is well-positioned to capitalize on rising office demand and rental rate growth in the region. Whether you're seeking stable cash flow or value-add potential through lease restructuring, the DeSoto Professional Building delivers both in a thriving Gulf Coast market.

FOR SALE DETAILS

PRICE

$1,750,000 USD

PRICE/SF

$161 USD /SF

CAP RATE

7.98%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Office

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

C

YEAR BUILT

1983

SPRINKLERS

-

PARKING SPACES

52

LAND DETAILS

LAND ACRES

1.33 AC

LAND SF

57,935 SF

ZONING

GC

APN/PARCEL ID

47790-0000-1

ASK ABOUT THIS PROPERTY

Austin PenningtonGulf Atlantic Real EstateMore Info
813-629-0997

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Austin PenningtonGulf Atlantic Real EstateMore Info
813-629-0997

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.