Commercial Sale · Mixed Use
320 BAYSHORE DRIVE, PALMETTO, FL, 34221
Active16 days on marketListed Oct 22, 2026MLS #P4940224
About this property
The property at a glance
RARE WATERFRONT COMMERCIAL OPPORTUNITY — NEAR I-75 & I-275 | TERRA CEIA BAY | PALMETTO, FLORIDA! Discover an exceptional opportunity to acquire approximately 0.95 acres of waterfront property along beautiful Terra Ceia Bay, strategically located near the I-75 and I-275 interchange in northern Manatee County! Situated at 320 Bayshore Drive, this unique property combines a highly desirable waterfront setting with convenient access to major transportation corridors serving Tampa, St. Petersburg, Bradenton, Sarasota, and the surrounding Gulf Coast region. The property features an existing 2,826-square-foot building with 3,122 square feet under roof, offering potential for renovation, adaptive reuse, or future redevelopment. The building requires repairs and updating, allowing a new owner to evaluate improvements and customize the property to suit their intended use. LOCATION IS A MAJOR ADVANTAGE! Positioned just off the US 19 corridor and near the interstate junction, this property offers convenient regional connectivity while maintaining the appeal of a scenic waterfront setting. Mature trees, established surroundings, and frontage along Terra Ceia Bay add character to this distinctive property. Whether you're an investor seeking a unique waterfront asset, a business owner exploring a potential commercial location, or a developer evaluating future opportunities, this property offers flexibility and possibilities worth investigating. WATERFRONT LOCATION • NEAR MAJOR INTERSTATES • EXISTING BUILDING • RENOVATION & REDEVELOPMENT POTENTIAL! Property is offered with existing improvements in need of renovation. Commercial uses, redevelopment opportunities, and improvements are subject to verification of zoning, permitting, environmental requirements, and governmental approvals. Additional property photographs and information are available upon request. Explore the potential of this distinctive Terra Ceia Bay waterfront property!
3,122
Building sq ft
$352
Price / sq ft
1
Lot acres
1965
Year built
1
Building
Mixed Use
Property type
The numbers
Investment snapshot
Income and lease details aren’t published in the MLS for this listing. Ask for the offering memorandum and rent roll to run cap rate, NOI and cash-on-cash.
Estimated payment (illustrative)
Estimated payment
$6,680/mo
Illustrative only. Commercial loans are underwritten on the property’s income (DSCR, cap rate) — typically 25–35% down with lender-set terms. Ask a commercial lender for real numbers. Taxes reflect the most recent bill on record; insurance is a typical-Florida estimate. Your lender’s numbers will differ. CENTURY 21 Edge partners with Florida’s best lenders.
Financing
Commercial financing works differently from a home loan — expect roughly 25–35% down with terms driven by the property’s income and your lender’s underwriting (DSCR, cap rate), not FHA or VA programs. Ask Colleen to connect you with a commercial lender for real numbers.
Where it sits
Location & trade area
What’s nearby
Business data © OpenStreetMap contributors
The area
Who's around this property
56,208
Population
$77,712
Median income
45.5
Median age
2.6
Avg household
$338,600
Median home value
$1,548/mo
Median rent
4,828
Households w/ kids
Recent sales
What actually sold near 320 BAYSHORE DRIVE
The most comparable commercial properties that changed hands nearby. No two are identical — ask us for a full comparative analysis.
$340,000
4223 US HIGHWAY 19
2,199 sqft · $155/sqft · Sold Jun 27, 2025
$445,000
2716 2ND AVENUE E
2,158 sqft · $206/sqft · Sold Jun 26, 2026
$675,000
1608 28TH STREET COURT E
3,030 sqft · $223/sqft · Sold Sep 9, 2025
Your team
The pros in your corner
Your agent
Colleen Brown
REALTOR® · CENTURY 21 Edge
Tours, offers, and every question about 320 BAYSHORE DRIVE — start here.
Financing contact
Andrew Acosta
Acosta Home Loans with PRMG · NMLS #1468866
Ask about commercial financing options for 320 BAYSHORE DRIVE.
See it in person
Schedule a tour
Live availability from Colleen's calendar — pick a time and it's booked.
Keep looking
Similar properties nearby
Listing courtesy of HOT FLORIDA REAL ESTATE · Colon Lambert. MLS #P4940224.
IDX information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by Stellar MLS.
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