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Prime Riverfront Mixed-Use Development Site - Availability Details

834 Riverside Drive, Palmetto, FL 34221

  • For Sale $2,950,000
  • Property Type Other
  • Lot Size 3.4 Acre
  • Date Updated Sep 21, 2021
This prime 3.4+/- acre development site on the corner of 8th Avenue West (Business US-41) and Riverside Drive in Palmetto, Florida is situated on the Manatee River, just minutes from shopping, beaches and countless recreation destinations! This property is surrounded by office, restaurants, a marina and retail. It is just across the river from Downtown Bradenton, which is undergoing a transformation into a hip, young destination with entertainment, shopping, bars and restaurants. The City of Palmetto and the Palmetto CRA are determined to make this the hub of activity in the City by promoting, connectivity, walkability and amenities in the neighborhood. The site proves to be one of the most coveted development sites in all of Manatee County. ItWorks! global headquarters, with over 200 employees, is situated west of the site and a marina with 350 boat slips and multiple restaurants are located across the street. Just a short walk up 10th Avenue are boutique shops and restaurants on a historic main street. Also within walking distance is Sutton Park, which has hosted a number of national concert acts. PURCHASE REQUIREMENTS - PLEASE NOTE THAT THE PURCHASE OF THIS PROPERTY IS SUBJECT TO THE FOLLOWING REQUIREMENTS AND STIPULATIONS: * Approval of the Development Concept by the Palmetto Redevelopment Agency and City Council prior to contract execution with requirements of Buyer to fulfill development obligations. * 1% Buyer's Premium to be paid at closing to SVN Commercial Advisory Group. * Brokers please be aware that there are some Buyer exclusions in regards to this property. Please register prospective Buyers.
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Location

  • City Palmetto, FL
  • Zip Code 34221
  • Market Southwest Florida Coast

Contacts

broker

Matt Fenske

SVN Commercial Advisory Group

(941) 487-3794

Highlights

  • Beautiful riverfront property perfect for mixed-use hotel, multifamily, office or condo development.
  • 3.4+/- acre site zoned Commercial (CC) & Multifamily Residential (RM-6).
  • Aggressive development incentives offered by the Palmetto CRA.
  • Centrally located between St. Petersburg and Sarasota.
  • Just minutes from beaches, entertainment, dining and shopping.

Contact Listing Broker

broker

Matt Fenske

SVN Commercial Advisory Group

(941) 487-3794

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