337 8TH AVENUE W
Palmetto, FL, 34221 $ 1,300,000
Baths0.0 Monthly Estimate*
$ 8,004
Studio for $1,300,000. The lot size is 0.76.
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.
See more
FeaturesGeneralSewer Public Sewer
Utilities BB/HS Internet Available Cable Available Electricity Available Phone Available Propane Public Sewer Connected Street Lights Telephone Nearby Utility Pole Water Connected
Possession Close Of Escrow
Zoning CC
Pets Allowed Yes
View City
Tax Year 2025
Current Use Commercial
Ownership Fee Simple
Community Features Community Boat Ramp Water Access Park Playground Sidewalks
County Manatee
Property Type Land
Association Amenities Fence Restrictions Playground
Facing Direction East
Status Active
Directions US 41 Business in Palmetto- Corner of 4th
City PALMETTO
MLS Area 34221 - Palmetto/Rubonia
Lot Size Units Square Feet
Lot Size Square Feet 33097
Listing Terms Cash Conventional
Tax Annual Amount 14983
Additional Parcels Y/N false
Building Area Units Square Feet
Living Area Units Square Feet
Standard Status Active
Tax Lot 2
Legal Description BEG AT NE COR OF LOT 2 U S W 70 YDS S 70 YDS E 70 YDS N 70 YDS LESS N 25 FT FOR STREET & LESS STREET ON E.; ALSO LESS RD R/W: PARCEL 119.1: COM AT THE NE COR OF THE NW1/4 OF SD SEC 23 SD COR BEING ON THE SURVEY BASE LN OF SR 45; TH ALG SD SURVE Y BASE LN S 00 DEG 22 MIN 26 SEC W 22.80 FT; TH N 89 DEG 35 MIN 49 SEC W 30 FT TO THE INT OF THE W EXSTG R/W LN
Water Access Y/N false
Water View Y/N false
Flood Zone Code X
See more
ExteriorVegetation Mature Landscaping Trees Trees/Landscaped
Fencing Vinyl
Lot Features Central Business District Historic District City Lot Landscaped Level Sidewalk Street Lights
Water Source Public
Lot Size Area 33097
Lot Dimensions 168 x 165
Lot Size Acres 0.76
Road Surface Type Paved Asphalt
Waterfront Y/N false
Road Frontage Type Street Lights Street Paved Business District Main Throrughfare State Road
Road Responsibility Public Maintained Road
See more
* Excluded FeaturesList ByMatthew Guthrie And Associates Realty LlcBroker
flbrokerjordan@gmail.comEmail
Affordability Calculator
- Monthly Principal & Interest
- $8,004
- Monthly Property Taxes
- $1,249
- Monthly Home Insurance
- --
Default based on a 30-year fixed rate of 6.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
Learn more about how to save NearbyLots and land listings in Palmetto, FL
Average List Price $461,324
Percent of Sale Price 65%
About Palmetto, FL 14,497 Population
13% Since 2002
$ 50,571 Median Income
42.12 Median Age
21% Households with Children
Trends Information provided by ATTOM Data Solutions.
4827338 Elementary School
4827337 Middle School
Unknown High School High School
Pricing History| Date | Price | Price Change | Description |
|---|
| 4/30/2026 | $1,300,000 | | Listed Price |