Property
ActiveLand
1/14
$1,300,000

337 8TH AVENUE

Palmetto, FL 34221
0
Beds
0
Baths
0
SqFt
0.76
Acres
STELLAR
#A4689795
Updated: May 1, 2026, 12:53pm

Property Description

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

Highlights
View
Yes
Construction
Building Area Units
Square Feet
Direction Faces
East
Living Area Units
Square Feet
Site & Exterior
Current Use
Commercial
Fencing
Vinyl
Flood Zone Code
X
I D X Participation
Yes
Lot Features
Central Business DistrictHistoric DistrictCity LotLandscapedLevelSidewalkStreet Lights
Lot Size Acres
0.76
Lot Size Area
33097
Lot Size Dimensions
168 x 165
Lot Size Square Feet
33097
Lot Size Units
Square Feet
Public Survey Range
17
Public Survey Section
23
Road Frontage Type
Street LightsStreet PavedBusiness DistrictMain ThrorughfareState Road
Road Responsibility
Public Maintained Road
Road Surface Type
PavedAsphalt
Sewer
Public Sewer
Total Acreage
1/2 to less than 1
Utilities
BB/HS Internet AvailableCable AvailableElectricity AvailablePhone AvailablePropanePublicSewer ConnectedStreet LightsTelephone NearbyUtility PoleWater Connected
Vegetation
Mature LandscapingTreesTrees/Landscaped
View
City
Water Source
Public
Zoning
CC
Zoning Compatible
Yes
Financials
Calculated List Price By Calculated Sq Ft
39.28
Contract Status Change Date
2026-04-30
Current Adjacent Use
CommercialMulti-Family
Current Price
1300000
Feed Types
BBO
Owner Name
THE ORIENTAL VILLAGE RESTAURANT INC
Ownership
Fee Simple
Parcel Number
3113600005
Price Per Acre
1710526
Public Survey Township
34
Tax Annual Amount
14983
Tax 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
Tax Lot
2
Tax Year
2025

Neighborhood & Lifestyle

Community & Association
Association Amenities
Fence RestrictionsPlayground
Community Features
Community Boat RampWater AccessParkPlaygroundSidewalks
M L S Area Major
34221 - Palmetto/Rubonia
Pets Allowed
Yes
S W Subdiv Community Name
Not Applicable
Listing provided courtesy of STELLAR via IDX. Updated: May 1, 2026, 12:53pm.
Jordan Chancey, PA

Listing Agent

MATTHEW GUTHRIE AND ASSOCIATES REALTY LLC

Call Agent