1429 10th Street E, Palmetto, FL, 34221

Address

1429 10th Street E, PALMETTO, FL

Listing Type

Active

Price

$ 1,600,000

Property Attributes

MLS#A4694210
TypeCommercial
Listing Status Active
CountyManatee
CityPALMETTO
AreaPalmetto/Rubonia
NeighborhoodACREAGE
Zip34221
StyleBusiness
Year Built1987
Taxes$ 21809
Price$ 1,600,000
Bedrooms0
Full Bathrooms0
Half Bathrooms0
Sqr Footage8400
Lot Size0.78 Acres

Data Source:

Stellar MLS

Property Description

VUE Realty is pleased to present the opportunity to acquire a net-leased Tire Kingdom property in the growing Tampa Bay/Sarasota corridor. The property is occupied by Tire Kingdom, operated by Mavis Tire Express Services Corp., one of the nation’s largest independent tire and automotive service providers with over 2,000 locations nationwide. Strategically positioned along a major commercial corridor in Palmetto, Florida, this established automotive service center benefits from excellent visibility, strong traffic counts, and a proven operating history serving the surrounding residential and commercial market. The property is offered with a Triple Net (NNN) lease structure, providing investors with passive income and limited landlord responsibilities. Current annual NOI is approximately $95,166 with approximately four years remaining on the existing lease term plus two (2) five-year renewal options. Palmetto continues to experience significant growth driven by its proximity to Sarasota, St. Petersburg, Tampa, Lakewood Ranch, and major employment centers. Continued residential and commercial development supports long-term demand and strengthens the property’s investment fundamentals. Investment highlights include a nationally recognized tenant, predictable cash flow, strong visibility, essential-service retail use, long-term occupancy history, future lease extension options, and location within one of Florida’s fastest-growing markets. An excellent opportunity for investors seeking stable income backed by a well-established automotive retail location. Annual NOI: Approx. $95,166 Lease Type: Triple Net (NNN) Tenant: Tire Kingdom / Mavis Tire Express Services Corp. Lease Term: Approx. 4 Years Remaining + Two 5-Year Options Annual NOI approximately $95,166. Approximately four years remaining on current lease term plus two (2) five-year renewal options. National tenant with established operating history. Excellent visibility, strong traffic counts, and strategic location within the Tampa Bay/Sarasota growth corridor.

Price History
5/31/2026	Listed $1,600,000

General Features

Sewer	Public Sewer
Cooling	Central Air
Utilities	Public,Water Connected
Zoning	C1A
Construction Materials	Block
Year Built	1987
Property Subtype	Business
Tax Year	2025
Ownership	Fee Simple
Accessibility	Accessible Common Area,Accessible Entrance
County	Manatee
New Construction	false
Property Type	Commercial Sale
Subdivision Name	ACREAGE
Facing Direction	North
Building Features	Bathrooms,Common Lighting,High Bays
Status	Active
Directions	Off US301 & I75 Head East on 301 property on right hand side.
City	PALMETTO
MLS Area	34221 - Palmetto/Rubonia
Lot Size Units	Square Feet
Lot Size Square Feet	33968
Listing Terms	Cash
Tax Annual Amount	21809.07
Additional Parcels Y/N	false
Building Area Units	Square Feet
Living Area Units	Square Feet
Standard Status	Active
Occupancy Type	Tenant
Tax Lot	1
Legal Description	COM AT THE NE COR OF THE SE1/4 OF SEC 13, TH S 53.02 FT TO THE NE COR OF LOT 1, OF SD SUNKIST ACRES SUB, SD PT BEING ON THE S R/W LN OF U S 301; TH W ALG SD R/W, 190.0 FT FOR A POB; TH S 201.82 FT ALG THE W R/W LN OF 15TH AVE DR; TH S 89 DEG 30 MIN W , 169.0 FT, TH N 201.65 FT TO A PT ON SD R/W OF U S 301; TH ELY ALG SD R/W 169.05 FT TO THE POB P-60 PI#26084.0000/4
Water Access Y/N	false
Water View Y/N	false
Flood Zone Code	X500
Flood Zone Code X500	Yes

Interior Features

Air Conditioning Y/N	true

Exterior Features

Lot Features	City Lot,Landscaped,Near Public Transit,Street Lights
Water Source	Public
Lot Size Area	33968
Foundation Details	Slab
Number of Buildings	1
Building Area Total	8400
Lot Dimensions	169 x 201
Lot Size Acres	0.78
Road Surface Type	Paved,Asphalt
Waterfront Y/N	false
Road Frontage Type	Street Lights,Street Paved,City Street
Road Responsibility	Public Maintained Road