Office•Office Building•For Sale

The Crusader Building

323 10th Ave, Palmetto, Florida 34221

Sale Price $1,495,000
Sale Type Investment
Zoning Commercial General
Bldg Type Multi-Tenant
Class B
Status Existing
Year Built 1923
Year Renovated 2018
Stories 3
Vacancy 100%
Annual Taxes $18,099.00
Gross Bldg 14,526 SqFt
RBA 9,489 SqFt
Land Area .26 Acres
Ceiling Height 9.0 Ft
Market Palmetto
Sub-Market SW Florida
Legal Descr COM AT THE NE COR OF BLK L, LAMBS PLAT, AS PER PLAT THEREOF REC IN DB 1 P 164, TH S 305 FT FOR A POB; TH W 100 FT; TH S 110 FT; TH E 100 FT; TH N 110 FT TO THE POB, LESS 15 FT OFF E FOR ST, ALSO: COM AT A PT OF INTERSECTION OF S LN OF 4TH ST & W LN OF 10TH AVE & GO W ALG S LN OF 4TH ST, 85 FT; TH S & PARALLEL TO 10TH AVE 326.6 FT FOR A POB; TH CONTINUE S 50 FT; TH W 50 FT; TH N 50 FT; TH E 50 FT; TO A POB. LESS & EXCEPT THAT PORTION OF THE ABOVE DESC PROP LY S OF THE FOLLOWING DESC LN: BEG AT A CONC MON ON THE E R/W OF 11TH AVE W, IN THE CITY OF PALMETTO, (SD MON MARKING THE SW COR OF THE N 36.9 FT OF LOT 7 OF "SUB OF A PART OF BLK L, LAMBS FRACTIONAL SUB", AS REC IN PB 7 P 20; TH N 89 DEG 29 MIN 05 SEC E, ALG THE S LN OF SD N 36.9 FT & THE S LN OF LOT 3 OF SD SUB, (PASSING THROUGH A CONC MON MARKING THE SE COR OF LOT 3, AT 268.20 FT) A TOTAL DIST OF 318.20 FT; TH S 00 DEG 10 MIN 00 SEC E, PARALLEL WITH THE E R/W OF SD 11TH AVE W 33.81 FT; TH S 89 DEG 59 MIN 43 SEC E, 84.48 FT TO AN IRON PIPE MARKING THE INTERSECTION WITH THE OCCUPIED W R/W OF 10TH AVE W, BEING & LYING IN SEC 23 (OR 1405 P 4020) PI#31211.0000/6
Enjoy steady cash flow from this 100% occupied building. The historic Crusader Building originally built in 1923 has been tastefully updated in its original charm with new roof, high impact windows, decorative awnings, air conditioning and more. A nice mix of office and professional tenants with the State of Florida's Department of Motor Vehicles, your anchor whose current lease runs through the end of December 2025. Located at Regatta Point and the Central Business District in the City of Palmetto, there is consistent high demand to be situated in this area. The Palmetto Community Redevelopment Agency recently acquired nearly two acres to build a parking garage downtown. Funding has also been approved for revitalization to the roads, sidewalks and lighting structures along 10th Avenue and the immediate surrounding area. Ideally situated next to Regatta Point in the Central Business District of Downtown Palmetto. Downtown Bradenton is just over the Manatee River and US 301 connecting to I-75 is a short 5 minute ride from the subject.
  • 100% Occupied Steady Income Producing Building
  • High Impact Windows and Newer Roof.
  • Central Business Location
  • Close To Major Roadway Arteries
2/24/2020 3:16:01 PM 3/12/2020 6:08:45 PM
Mike Migone
Senior Investment Advisor
SVN Commercial Advisory Group
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