337 8TH AVENUE W, Palmetto, FL 34221

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.

Listing Status:

Active

Date Added:

April 30, 2026

Data Last Updated:

May 12, 2026 at 9:24PM

Listing Office:

MATTHEW GUTHRIE AND ASSOCIATES REALTY LLC : 941-737-1500

Listing Agent:

Jordan Chancey, PA : 941-545-8816

MLS ID:

A4689795

Location

• Road/Access: Business DistrictMain ThrorughfareState Road
• HOA Amenities: Fence RestrictionsPlayground
• Originating MLS: Stellar MLS
• County: Manatee

Lot

• Zoning: CCBEG AT NE COR OF LOT 2 U SW 70 YDSS 70 YDSE 70 YDSN 70 YDSLESS 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 23SD COR BEING ON THE SURVEY BASE LN OF SR 45; TH ALG SD SURVE Y BASE LN S 00 DEG 22 MIN 26 SEC W22.80 FT; TH N 89 DEG 35 MIN 49 SEC W30 FT TO THE INT OF THE W EXSTG R/W LN3113600005
• View: City
• Fencing: Vinyl
• Current Use: Commercial

Utilities

• Utilities: BB/HS Internet AvailableCable AvailableElectricity AvailablePhone AvailablePropanePublicSewer ConnectedTelephone NearbyUtility PoleWater Connected
• Water: Public
• Sewer: Public Sewer

Financial

• Source: Stellar MLS
• Ownership: Fee Simple