Fully Leased 7 cap Investment Office Property!

1111 9th Avenue West Bradenton, FL 34205

1111 9th Avenue West, Bradenton, FL, 34205
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FOR SALE
Property Type:
Multi Tenant Office
Amount:
$849,000
Last Verified:
Feb 25, 2024

Highlights

  • Fully Leased Building
  • 3 of 5 suites just renovated
  • NOI of $60k annually
  • Low Maintenance investment
  • Central Downtown Location

Description

In a market environment where very little inventory is left, we are
delighted to bring this amazing asset to market. This parcel is a
longstanding downtown core office building which is now
completely filled with tenants and generating solid and dependable
income streams for any savvy investor looking for a secure annual
return.
No-nonsense construction, low hassle upkeep and low
maintenance tenants equal a worry-free downtown investment in
an area that has been seeing steady and predictable value growth
year over year as Downtown Bradenton continues to explode in
revitalization!

Located in downtown Bradenton on 9th Ave at the entrance to the Village of the Arts


Year Built: 1984
Building Size: 5616sq ft
Building Class: B
Lot Size: 0.32 acres

Map of 1111 9th Avenue West, Bradenton, FL, 34205

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What are Real Estate Incentives?

Real Estate incentives range widely and have been overlooked by the Commercial Multiple Listing Services (MLS) for decades. Real estate incentives is a generic term used to group any number of programs, such as tax incentives, that are designated by an agency for a geographic area."

Why are Real Estate Incentives Important and to Whom?

"Incentives" are vital today and in the future because:

  • U.S. Public: Many incentives focus on job creation and Affordable Housing
  • Investors and Commercial Developers use incentives to reduce financial risk, obtain gap financing, etc. Investors and developers look for property listings with incentives available.
  • Commercial Real Estate Brokers, in mass, unfortunately do not know about incentives tied to their listings
  • Entire Supply Chain of Real Estate Development such as small and large companies who will provide goods and services to new and revitalized properties.