5426 18th St W - Assisted Livings FOR SALE


Bradenton, FL 34207
$1,387,000 USD
941-961-8199
5426 18th St W, Bradenton, FL for Sale
$1,387,000 USD
Assisted Livings - FOR SALE
1/32
null | 10.45% Cap Rate

5426 18th St W
Bradenton, FL 34207


HIGHLIGHTS

  • Main building is available for Buyer/User or new tenant.
  • The ownership has put newer roofs on both buildings, updated HVAC's, a 22KW Generator with 200 AMPs and numerous other updates.
  • The main building is sprinklered w/ an FACP fire monitor system, as well as a security system & Mag-Lock operation doors on all main entries & exits
  • .44 Acres with a shaded backyard garden area w/ Majestic Oaks providing the Canopy, & Storage Sheds, as well as additional land & a 2nd house
  • Motivated Seller-Perfect for 1031-Negotiable-Open to Offers

OVERVIEW

The time has finally come to make a deal on this property! Refreshed space now available to a user or investor - Let's Connect & discuss the possibilities. This is a fantastic and rare opportunity to acquire a well put together property. There had been a tenant in place operating an ILF for the past 5 years. That tenant has vacated the space and ownership is actively in the process of repairing, enhancing and improving the space and future of this building for a user or investor. Ahead of recovering the interior space ownership put new roofs on each building within the past 12 months and maintained a 22KW Generator with 200 AMPs. They have also had the main building tested for WDO (termites) and it received a written clean bill of health. Plenty of area for serene outdoor settings are on this .44 acre site as well. Featuring a large, shaded backyard garden area with majestic Oaks providing the canopy, and storage sheds, as well as additional land and a 2nd building on the south side of the property. Providing plenty of room for future expansion. And easy conversion to additional rooms or staff housing. Call Dreznin Pappas Commercial Real Estate @ 941-961-8199 today to view some videos, review the Offering Memorandum or discuss this amazing property before it's SOLD! Motivated Sellers - Prefer to sell outright as ownership has been involved in property for the past 3 decades.? The main building is available and can be utilized for your vision.? The cottage is rented month to month to a family friend of owner who maintains property.? The cottage can be made available if desired.? The cottage and land at the Southern end of the property are now on their own parcel and the main building with its fenced in yard is on its own parcel as well.? The are being sold together, although if the main building is only preferred, we can discuss selling the main building by itself.? Ownership is looking to exit the property they built in 1997-1998 and finally pass the baton to a new owner to keep running toward the successful finish line! We are considering leasing the space but for the time at hand, we believe keeping the space available for a user may be in the best and highest use parameters.?

FOR SALE DETAILS

PRICE

$1,387,000 USD

PRICE/SF

$212 USD /SF

CAP RATE

10.45%

% LEASED

-

TENANCY

-

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

Bayshore Gardens Assisted Living Real Estate

PROPERTY TYPE

Health Care

PROPERTY SUBTYPE

Assisted Livings

ADD'L SUBTYPES

Congregate Senior Housing, Continuing Care Retirement Com

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

C

YEAR BUILT

1997

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.44 AC

LAND SF

19,166 SF

ZONING

RDD-6

APN/PARCEL ID

60397-0015-9

ASK ABOUT THIS PROPERTY

Sean DrezninDreznin Pappas Commercial Real Estate LLCMore Info
941-961-8199

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

Sean DrezninDreznin Pappas Commercial Real Estate LLCMore Info
941-961-8199

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