337 8TH AVE W, PALMETTO, FL, 34221
$1,300,000
Land
Lot Size
33,097 Sqft
A rare opportunity to acquire a prominent, historic commercial property positioned along one of the most traveled corridors in North Manatee County. Built in 1923, this iconic structure blends timeless character with functional scale, offering over 6,000 square feet across two levels on a 0.76-acre site with exceptional visibility and access. The main level features multiple dining & special event rooms, ideal for restaurant, hospitality, retail, or adaptive reuse. Existing infrastructure includes a 10x10 walk-in freezer and 10x10 walk-in refrigerator, supporting food and beverage operations, along with a designated dumpster pad for service efficiency. The property is also equipped with ADA ramp access and abundant on-site parking for 50+ vehicles, a significant advantage for this corridor. The second floor (approx. 1,930 SF) offers flexibility with six rooms (bedrooms or offices) and three fireplaces, well-suited for executive offices, boutique workspace, or potential conversion to suites. Located directly on Business 41 (8th Ave W), the property benefits from high daily traffic counts of 30,000 to 40,000+ vehicles (seasonal), providing strong exposure for owner-users or investors seeking a high-visibility asset. Surrounding development is accelerating. A 152-unit riverfront mixed-use project is underway adjacent to the site, along with an additional 80-unit mixed-use development featuring 15,000 square feet of retail just one block away, bringing increased density and long-term value to the immediate area. Palmetto continues to evolve as a historic waterfront destination along the Manatee River, ideally positioned between St. Petersburg and Sarasota. Demand is rising for authentic, locally driven concepts that embrace the area's coastal heritage and walkable downtown character. The nearby Palmetto Marriott Resort & Spa and Bradenton Area Convention Center have recently completed construction and are now attracting larger regional events, further supporting commercial growth and business opportunity in the corridor.
Property Details
Property Features Property Features
MLS ID: MFRA4689795 Year Built:
Association Amenities: Fence Restrictions, Playground Community Features: Park, Playground, Sidewalks, Street Lights
Country: US County Or Parish: Manatee
Current Use: Commercial Direction Faces: East
Fencing: Vinyl Listing Agreement: Exclusive Right To Sell
Listing Terms: Cash, Conventional Lot Features: Central Business District, Historic District, City Limits, Landscaped, Level, Sidewalk, Street Lights, Paved
Pets Allowed: Yes Possession: Close Of Escrow
Property Type: Land Road Frontage Type: Business District, Main Throrughfare, State Road
Road Responsibility: Public Maintained Road Road Surface Type: Asphalt
Sewer: Public Sewer Showing Requirements: ShowingTime
Special Listing Conditions: None Standard Status: Active
State Or Province: FL Utilities: BB/HS Internet Available, Cable Available, Electricity Available, Phone Available, Propane, Public, Sewer Connected, Telephone Nearby, Utility Pole, Water Connected
Vegetation: Mature Landscaping, Wooded, Trees/Landscaped View: City
Water Source: Public
We love to hear from you