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$1,275,000

337 8TH AVENUE W, PALMETTO, FL 34221

Active159 days on market

Beds

,

Baths

0

Sq Ft

,

Year Built

,

Lot Size

0.76 acres

Garage

,

About This Property

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 Overview

Property TypeLand
MLS #A4689795
StatusActive
FacesEast
CountyManatee
OwnershipFee Simple

Interior Features

Exterior & Lot

FencingVinyl
Lot Size0.76 acres (33,097 sq ft)
Lot Dimensions168 x 165
Lot FeaturesCentral Business District, Historic District, City Lot, Landscaped, Level, Sidewalk, Street Lights
Road SurfacePaved, Asphalt
ViewCity
0

Utilities

WaterPublic
SewerPublic Sewer
UtilitiesBB/HS Internet Available, Cable Available, Electricity Available, Phone Available, Propane, Public, Sewer Connected, Street Lights, Telephone Nearby, Utility Pole, Water Connected

Parking

GarageNo

HOA & Community

HOANo
Senior CommunityNo

Financial Details

List Price$1,275,000
Original Price$1,300,000
Annual Taxes$14,983 (2025)
FinancingCash, Conventional
ZoningCC
Parcel #3113600005

Directions

US 41 Business in Palmetto- Corner of 4th

Location

337 8TH AVENUE W, PALMETTO, FL 34221

Listing Information

OfficeMATTHEW GUTHRIE AND ASSOCIATES REALTY LLC
ListedApril 30, 2026

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Home Price

$1,275,000

20% ($255,000)
6.75%

Loan Term

Principal & Interest$6,616
Property Tax (est.)$1,169
Insurance (est.)$150
Total Monthly$7,934
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Listing information is deemed reliable but not guaranteed. All measurements and data should be independently verified. This information is provided by the Stellar MLS. The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed. IDX information is provided exclusively for consumers' personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated: July 31, 2026.

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