2424 Bay Dr - Residential LAND FOR SALE


Bradenton, FL 34207 60,548 SF
$4,950,000 USD
941-270-3323
2424 Bay Dr, Bradenton, FL for Sale
$4,950,000 USD
Residential LAND - FOR SALE
1/20
60,548 SF

2424 Bay Dr
Bradenton, FL 34207


HIGHLIGHTS

  • 4,260 SF building with 400 feet of coastline.
  • Potential Gross Income of $1.5M and Net Income of $1.2M.
  • Five dock slips in place.
  • Plans for pool and six additional units
  • Zoned PD-R and sold with entitlements in place
  • Two fully renovated and completed units.

OVERVIEW

Introducing an extraordinary investment opportunity in the heart of the highly sought-after Bradenton-Sarasota-North Port area. This remarkable 4,260 SF property, consisting of two fully renovated units, offers exceptional income potential with a projected $1.5M in Gross Income and $1.2M in Net Income. Boasting 400 feet of pristine coastline and five dock slips in place, this waterfront gem is a rare find. Sold with entitlements and in place, plus plans for a pool and six additional units, this property is primed for expansion and increased revenue generation, making it an enticing prospect for the savvy Multifamily and Single Family Rental Portfolio investor. Located in the thriving Bradenton-Sarasota-North Port market, the Treetops Bay property offers an attractive investment opportunity for Multifamily and Single Family Rental Portfolio investors. Surrounding the area are vibrant attractions such as the stunning Gulf Coast beaches, Robinson Preserve, and the South Florida Museum. With a variety of dining, entertainment, and recreational options nearby, this location provides a desirable living experience for residents. The property's prime location within this dynamic region makes it a compelling choice for investors seeking to capitalize on the area's strong rental market and growth potential. Sale Price: Subject to Offer NOI: $79,895 Cap Rate: 1.34%

FOR SALE DETAILS

PRICE

$4,950,000 USD

PRICE/ACRE

$3,561,175/AC

PRICE/SF

$82 USD /SF

# OF LOTS

-

LAND DETAILS

PROPERTY NAME

Boutique Waterfront Development

PROPERTY TYPE

Land

PROPERTY SUBTYPE

Residential

LAND PROPOSED USE

Apartment Units - Condo

LAND ACRES

1.39 AC

LAND SF

60,548 SF

OFFSITE IMPROVEMENTS

Sewer, Water, Electricity, Gas, Streets, Curb/Gutter/Sidewalk, Cable, Telephone, Irrigation

ZONING

PD-R

APN/PARCEL ID

67916-0005-6

ASK ABOUT THIS PROPERTY

Brett KaplanOptimus Commercial Real Estate InvestmentMore Info
941-270-3323

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Brett KaplanOptimus Commercial Real Estate InvestmentMore Info
941-270-3323

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