Property
ActiveCommercial
1/51
$1,300,000

337 US-41 BUS.

Palmetto, FL 34221
0
Beds
0
Baths
6,018
SqFt
0.76
Acres
STELLAR
#A4689797
Updated: May 1, 2026, 12:23pm

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

Interior
Accessibility Features
Accessible Approach with RampAccessible DoorsAccessible EntranceVisitor BathroomAccessible Hallway(s)
Building Area Total
6060
Cooling
Central AirOther
Flooring
Other
Heating
CentralOther
Living Area
6018
Window Features
Display Window(s)
Construction
Building Area Source
Public Records
Building Area Units
Square Feet
Construction Materials
Stucco
Direction Faces
East
Foundation Details
CrawlspaceOther
Living Area Source
Public Records
Living Area Units
Square Feet
Number Of Units Total
Yes
Property Condition
Fixer
Roof
OtherTile
Year Built
1923
Site & Exterior
Flood Zone Code
X
I D X Participation
Yes
Lot Features
Central Business DistrictCorner LotCity LotLandscapedNear Public TransitSidewalkStreet Lights
Lot Size Acres
0.76
Lot Size Area
33097
Lot Size Square Feet
33097
Lot Size Units
Square Feet
Parking Features
Over 30 SpacesPublic Parking
Parking Total
52
Public Survey Range
17
Public Survey Section
23
Road Frontage Type
Street LightsStreet PavedBusiness DistrictCity StreetState Road
Road Responsibility
Public Maintained Road
Road Surface Type
PavedAsphalt
Sewer
Public Sewer
Total Acreage
1/2 to less than 1
Utilities
Electricity AvailablePublicTelephone NearbyWater Connected
Vegetation
Mature LandscapingTreesTrees/Landscaped
Water Source
Public
Zoning
CC
Financials
Calculated List Price By Calculated Sq Ft
214.52
Contract Status Change Date
2026-04-27
Current Price
1300000
Feed Types
BBO
Owner Name
THE ORIENTAL VILLAGE RESTAURANT INC
Ownership
Fee Simple
Parcel Number
3113600005
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
Community Features
Sidewalks
M L S Area Major
34221 - Palmetto/Rubonia
Listing provided courtesy of STELLAR via IDX. Updated: May 1, 2026, 12:23pm.
Jordan Chancey, PA

Listing Agent

MATTHEW GUTHRIE AND ASSOCIATES REALTY LLC

Call Agent