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Investment Highlights

  • Total Footprint: 5.15 Acres of prime, contiguous, and tactical land.
  • Strategic Frontage: Superior visibility and ingress/egress across E 8th St, E 9th St, and E 3rd Ave.
  • Density Advantage: Supported by a Future Land Use designation (ROR) that allows for up to 40 units per acre (with applicable bonuses).
  • Premier Location: Directly adjacent to the Riverwalk and downtown core, ensuring high-value views and immediate proximity to waterfront recreation.

Executive Summary

This 9th Street East parcel (Unit A) offers 9,500 SF within the core Manatee River assemblage, currently improved with a 3-unit multifamily building. It adds valuable in-place income and further density potential to the overall development.
A fantastic opportunity for a multifamily development with stunning water views on the Manatee River. The current assemblage covers 5.86 acres, with the potential to expand by an additional 1.6 acres, making it a total of 7.46 acres. This development is planned in phases and may include commercial retail spaces. Phase I is set to feature 234 units, and with the extra 1.6-acre addition, an additional 64 units can be built, bringing the total to 298 units. Adjacent to Riverwalk and a proposed downtown waterfront restaurant, the owner plans to develop a +/- 6,000 sqft restaurant in phase II. This assemblage is located in an Opportunity Zone.
Execute CA for Offering Memorandum for in-depth information on the project.

Property Facts

Sale Type Investment
No. Lots 1
Property Type Land
Property Subtype Commercial
Proposed Use
Commercial
  • Retail
  • Multifamily
Total Lot Size 0.22 AC
Opportunity Zone Yes
Zoning T4-O: BR_FBC,BR_ - General Urban Open

1 Lot Available

Lot

Lot Size 0.22 AC

Description

Strategic Waterfront Assemblage: Premier Manatee River Development Site This 5.15-acre portfolio represents a significant land assembly along the Manatee River. Comprised of 16 total parcels, this package offers an expansive footprint in a high-growth corridor, providing an open canvas for high-density development or a long-term strategic investment. Package 3: Primary Development Block (Lots 3, 4, 5, 6, 7, 8) Price: $3,780,000.00 As the largest contiguous segment of the portfolio, this block provides the critical mass necessary for a high-density vertical project. The sheer scale of these combined lots allows for significant architectural flexibility and maximum site efficiency, making it the primary engine for residential unit yield and large-scale master planning within the assembly with major 9th street frontage. Package 4: (Lots 9, 11, 23) Price: $1,935,000.00 This package serves as the essential bridge for the portfolio, providing internal depth and infrastructure support. These lots are vital for creating a cohesive campus feel, offering additional acreage for high-density residential buildings, structured parking, or shared community amenities that serve the wider waterfront development. Package 5: - Lot 12 Price: $375,000.00 This individual lot offers a targeted opportunity for infill development or supplemental density. Given its location within the high-growth corridor, it can function as a standalone professional office site or be integrated into the larger master plan to maximize the efficiency of the total acreage. Package 6: - Lot 31 Price: $475,000.00 Positioned as a key outlier with significant utility, Lot 31 provides additional versatility to the portfolio. Whether used for specialized commercial use, high-value residential units, or as a strategic hold for future expansion, this parcel adds a final layer of value to the complete waterfront package. The portfolio is situated within a Qualified Opportunity Zone, offering substantial federal tax incentives—including potential permanent exclusion of capital gains on future appreciation. This makes the assembly a powerful vehicle for investors looking to capitalize on the region’s waterfront demand and downtown revitalization. Execute CA for Offering Memorandum for in-depth information on the project.

Fairly walkable
50/100
Exceptionally drivable
90/100
Limited public transit
30/100
Somewhat bikeable
30/100

Property Taxes

Property Taxes

Parcel Number
31347-0000-8
Land Assessment
$114,553 CAD
Improvements Assessment
$276,147 CAD
Total Assessment
$390,700 CAD
  • Listing ID: 32174151

  • Date on Market: 2024-06-18

  • Last Updated:

  • Address: 214 9th St E, Bradenton, FL 34208

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