Commercial Real Estate and Businesses in Palmetto, FL

Real Estate :: Commercial

Commercial Real Estate and Businesses in Palmetto, FL

Start price 2000000.0 USD
Current price2000000.0 USD
Start time 06/17/2008
End time 06/27/2008
Bid count 0
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FLORIDA COMMERCIAL PROPERTY NOTE: PROPERTY IS TOO LARGE TO SHOW ON ONE PICTURE. SEVERAL ARE NECESSARY.   1.49 acres located on the busiest highways in SE Florida.   Just 3ΒΌ miles from I-75.   3 blocks from a new Wal-Mart Super center in Palmetto, Manatee County, FL. Only 10 minutes from Gulf of Mexico.   10,000 + sq. ft. buildings house a technical school, gym, indoor pistol range, small car lot and storage.   The school occupies about 75% of the buildings. The school is TAX EXEMPT.   Because of the school exemption the taxes are very low. Only $4,100 per year.   Insurance is only $6,800 per year.   REPORTED gross income in 2007 was $370,000+++  and it is verifiable.   New buildings built in 1998 and 2001 meet current wind rating.   Owner willing to stay on for a mutually agreeable time to assist in running businesses.   ASKING PRICE: $2,900,000  OBO Please note that this is not a distress sale. I do not have to sell. I am making a VERY comfortable living with the businesses and real estate. I will be 67 very soon and would like to slow down a bit.

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