This feature is unavailable at the moment.

We apologize, but the feature you are trying to access is currently unavailable. We are aware of this issue and our team is working hard to resolve the matter.

Please check back in a few minutes. We apologize for the inconvenience.

- LoopNet Team

You must register your contact information to view secure information on this listing.
You must register your contact information to view secure information on this listing.

Share This Listing

Please enter a valid email address.

Note: To send this property to multiple individuals, insert a semi-colon between each recipient's email address.

LoopNet has taken a strong stance against the practice of sending unsolicited commercial emails, also known as "spam." Please send these emails only to people you know who would be interested in this property. If someone asks you not to send these emails to them, please comply.

thank you

Your email has been sent!

4106 US Highway 41 N
Palmetto, FL 34221

Industrial Property For Sale

Investment Highlights

  • NNN Lease with options through 2042.
  • 22,655 SF Land.
  • 6.14 CAP
  • Mission Critical facility for Tenant.
  • 3,693 SF Building.
  • Zoned HC

Executive Summary

Attention investors seeking stable, income-generating assets! This prime industrial parcel in Palmetto, Florida, offers an attractive investment opportunity with a NNN lease.
Key Features:
Land: 22,655 square feet of well-positioned industrial land, providing ample room for expansion or future development.
Building: 3,693 square feet of functional building space, suitable for a variety of light industrial uses.
Lease: Secure NNN lease, meaning the tenant is responsible for all property taxes, insurance, and common area maintenance costs. This minimizes risk and simplifies ownership for the investor.
Cap Rate: Attractive average cap rate of 6.14%, indicating a strong potential for consistent income generation.
Additional Details:
Location: Situated in a desirable industrial area of Palmetto, with convenient access to major transportation arteries and a strong local labor pool. Located at the split of US-19 and US-41, less than 5 minutes from I-275.
Zoning: Ideally zoned (HC) for a wide range of industrial uses, offering flexibility for future tenant needs.
Utilities: All essential utilities are readily available on-site.
Investment Highlights:
Stable Income: The NNN lease structure ensures predictable and reliable income, ideal for investors seeking long-term stability.
Growth Potential: The spacious land area provides the potential for future expansion or redevelopment, enhancing the property's value. The 1.76 ac+/- parcel directly to the North is also available for purchase as outdoor storage.
Strong Market: Manatee County is one of the fastest growing markets in the country, creating a favorable environment for this investment.
This industrial parcel presents a compelling opportunity for investors seeking a secure and profitable asset with significant growth potential. Don't miss out on this chance to invest in a thriving Sarasota location with a stable income stream.
Please do not disturb the Tenant.

PROPERTY FACTS

Sale Type Investment NNN
Cap Rate 6.14%
Property Type Industrial
Property Subtype
Warehouse
  • Industrial Distribution
Building Class C
Lot Size 0.57 AC
Rentable Building Area 3,693 SF
No. Stories 1
Year Built 1957
Tenancy Single

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
22789-0000-2
Land Assessment
$100,270
Improvements Assessment
$98,836
Total Assessment
$199,106

zoning

Zoning Code HC (heavy commercial)
HC (heavy commercial)
  • Listing ID: 30791557

  • Date on Market: 1/26/2024

  • Last Updated:

  • Address: 4106 US Highway 41 N, Palmetto, FL 34221

Please Share Your Feedback

We welcome any feedback on how we can improve LoopNet to better serve your needs.
X
{{ getErrorText(feedbackForm.starRating, 'rating') }}
255 character limit ({{ remainingChars() }} characters remainingover)
{{ getErrorText(feedbackForm.msg, 'rating') }}
{{ getErrorText(feedbackForm.fname, 'first name') }}
{{ getErrorText(feedbackForm.lname, 'last name') }}
{{ getErrorText(feedbackForm.phone, 'phone number') }}
{{ getErrorText(feedbackForm.phonex, 'phone extension') }}
{{ getErrorText(feedbackForm.email, 'email address') }}