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9000 CORTEZ RD W
BRADENTON, FL 34210
Asking Price
$9.50M
Asset Type
Land
Class
Class B
What's Special
Fully-Entitled Luxury Residential Development Site <ul><li>Fully-entitled luxury residential development site with Final Site Plan approval for 148 units (for rent or for sale), including 44 townhomes and 104 apartment-style condominiums, situated on approximately 10 +/- upland acres with an additional 45 +/-acres of natural preserve area</li><li>High-visibility location on Cortez Road with an average daily traffic count of 30,500 cars per day and located less than three miles from the world-renowned Gulf Beaches of Anna Maria Island and Longb
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NOI
$80,000
Cap Rate
0.84%
DSCR
0.14
Underwater
Cash-on-Cash
-16.98%
Monthly Payment
$47,000.817
Annual Cash Flow
$-484,009.799
