Palmetto Portfolio of properties for Sale - Manatee
Horvath & Tremblay is pleased to present the exclusive opportunity to acquire Regatta Royale Apartments, a 29-unit apartment community located in the heart of Downtown Palmetto (the “Property”). Constructed in 1972, Regatta Royale Apartments is one of the most established and well-located apartment communities in Palmetto, offering a scale, location, and amenity package that is increasingly difficult to replicate within the city’s limited multifamily inventory. Tucked ideally in the core of the city's Downtown Historical District, the community's residents enjoy an unbeatable array of off-site amenities - including waterfront restaurants and boutiques, two thriving public parks, a public library, a historic museum, and conveniently located shops, banks, pharmacies and more, all just a very short walk from the Property - providing tenants with unparalleled ease and convenience.
Situated on a 0.92-acre parcel, the Property consists of one (1) single-story community building and two (2) two-story residential buildings containing twenty-nine (29) residential units comprising twenty-eight (28) 2-Bedroom/1-Bathroom units and one (1) Studio unit with 21,484 rentable square feet. The professionally managed community features direct-entry units, a swimming pool, sundeck, on-site laundry facility, and plentiful resident parking.
Regatta Royale Apartments is ideally positioned within Downtown Palmetto, just blocks from the city’s commercial corridor and waterfront districts. The Property benefits from convenient access to US Highway 41, US Highway 301, Interstate 75, and the broader Tampa Bay employment corridor, while maintaining the small-town character and affordability that continue to drive residential demand in Palmetto.
Regatta Royale Apartments offers investors direct exposure to the continued growth and revitalization of Palmetto itself — a market experiencing significant residential and commercial expansion, infrastructure investment, and increasing renter demand. With no truly comparable multifamily product existing in Downtown Palmetto, Regatta Royale occupies a unique position within the local rental market.
