Investment Overview
An excellent opportunity to own a signature property in the heart of downtown Palmetto. Palmetto Tower, located at 600 8th Avenue West, is being offered together with two additional vacant lots, giving an owner-user the rare chance to establish a flagship location while also holding long-term redevelopment value. There are two buildings on the property; the main building is 46,145 RSF and the second building is 5,192 RSF. The property assemblage is 3.54 acres.
Property Highlights:
• Palmetto Tower: A recognizable multi-story office building with functional floorplans, existing infrastructure, and excellent visibility along 8th Avenue West. The suites a
• Excess Land& Vacant Parcel: The main property has plenty of room for expansion and included in the sale is a vacant parcel across 5th St. Combined, they provide flexibility for expansion, new construction or additional parking.
• Strategic Location: Centrally positioned in downtown Palmetto, just minutes from the Bradenton Riverwalk, US-41, and I-275, offering easy access to Sarasota, Manatee and Pinellas Counties.
• Prominent Visibility: High-traffic corridor with strong local presence—ideal for professional offices, medical practices, or corporate headquarters.
• Future Value: While perfect for immediate occupancy, the combination of the tower and lots also creates significant potential for mixed-use or commercial redevelopment down the road.
The property is an excellent match for either an investor or an owner-user seeking a strong presence in a growing market with room to expand and the security of long-term redevelopment upside.
Investment Highlights
- Five Story Office Tower, additional building and vacant land.
- Excellent occupancy history.
- Flexible floorplans accomodate a variety of professional tenants
- Strategic location with high visibility in downtown Palmetto
- Opportunity for investor or owner user.