Add to Favorites Add to Favorites
Share Share
Add to Favorites
For Sale

$1,200,000

337 8TH AVENUE W
Palmetto, FL 34221

Sqft 6,060 sqft
Almost every Palmetto resident is familiar with this building, which was built in 1923. This charming property has 6 fireplaces and has stood the test of time with it's superb craftsmanship. The lot is located in a prime location with an estimated 34,000+ vehicles past it each day. There is also a total of 52 parking spaces on the site. The building was once built to serve as a home but has been tastefully modified to accommodate a restaurant or other kind establishment. The kitchen area is properly equipped to accommodate restaurant equipment and supplies. A walk-in 10x10 freezer and 10x10 refrigerator is located off of the food prep area. The upstairs is approximately 1,930 Sq. Ft. and consists of 6 bedrooms/offices and three fireplaces. This property has tons of character and tons of potential to host a thriving business. The Palmetto Community Redevelopment Agency just approved a mixed use development for the lots adjoining this one on the south side. The mid-rise development will have "resort-style" apartments and retail space on the ground floor. **See Video Link** Read More

Market Status
Available
Last Updated
June 15, 2021

Property Type
Commercial Property
Year Built
1923
Roof
Tile
Central Air
-
Heating Fuel
Natural Gas
Exterior Construction
Block; Stucco
Floors
Carpet; Tile - Ceramic
Taxes
12094.15 (2020)
Property Type
Commercial; Retail

Local Market Conditions

There are currently 49 properties for sale in the Palmetto, FL area with the average listing price of $324,593. This represents a decrease of -8.6% over the previous week. The 2 bedroom homes saw the largest decrease in the average listing price over the previous week with a -34.7% decrease. To learn more about the Palmetto, FL area, contact a local expert!

Market Snapshot for Palmetto, FL

Avg. Listing Price

$324,593

Wk ending Jun 19

$-30,419

-8.6%

w-o-w

49

70

22

18

16

12

Average Listing Price for Palmetto, FL
No. BedroomsNo. Beds Week Ending
(Jun 19)
w-o-w Week Ending
(Jun 12)
Week Ending
(Jun 5)
Week Ending
(May 29)
All PropertiesAll $324,593 -8.6% $355,012 $376,398 $349,313
1 bedroom1 BR $39,000 +0.0% $39,000 $39,000 $39,250
2 bedrooms2 BR $116,500 -34.7% $178,306 $185,940 $180,187
3 bedrooms3 BR $450,221 -7.3% $485,610 $586,550 $548,160
4 bedrooms4 BR $514,311 -15.8% $610,985 $504,200 $404,100

Home loan
Need a Home Loan?
Take the first step to secure financing for your home.

Listing Provided By:

Garrett Yankee

Phone
This $1,200,000 Commercial Property at 337 8TH AVENUE W in Palmetto, FL is presented by Garrett Yankee. This $1,200,000 Commercial Property, located in the 34221 zip code, has the following property features: Central Air, Roof, Heating Fuel, Property Type. This 337 8TH AVENUE W Commercial Property is listed under MLS listing number A4418551 and has a listing price of $1,200,000. You can find more Palmetto homes for sale here.

Data Provided by Stellar MLS

More Information for this listing

Request More Information

...