$1,275,000
Active337 US-41 Bus., Palmetto, FL 34221
6,018 sq ft
Listing courtesy of MATTHEW GUTHRIE AND ASSOCIATES REALTY LLC Β· MLS# A4689797
184 days on market
Refreshed from the Stellar MLS feed . This listingβs MLS record last changed .
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 areaβs 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.
Facts
- Property type
- Restaurant
- Year built
- 1923
- Exposure
- East
- Flood zone
- X
- Annual taxes
- $14,983/yr
- Listed
- Apr 27, 2026
- MLS #
- A4689797
Commercial details
Building & site
- Building size
- 6,060 SF
- Lot size
- 0.76 acres (33,097 SF)
- Zoning
- CC
- Ceiling height
- 10 to 15 Feet
- Parking spaces
- 52
- Road frontage
- 355 ft Β· Business District, City Street, State Road
- Buildings
- 1
- Building features
- Bathrooms, Extra Storage, Kitchen Facility, On Site Shower, Outside Storage, Seating, Waiting Room
Investor metrics
- Price per SF (MLS)
- $210.40/SF
- Units
- 1
As reported by the listing broker in the MLS. Not verified by Lasbury-Tracy Realty β confirm with the listing broker before relying on them. We never estimate a cap rate.
Price & status history
- Listed for $1,300,000
- Price reduced to $1,275,000
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337 US-41 Bus., Palmetto, FL 34221
Listing courtesy of MATTHEW GUTHRIE AND ASSOCIATES REALTY LLC Β· MLS# A4689797 Β· Active
Where this property is
Opens on aerial β on this coast the canal, the lot and the neighbours answer more questions than a street grid does.



