SVN Commercial Advisory Group manages sale of $5.35M land and development asset in Palmetto - SVN Commercial Advisory Group Commercial Real Estate Services Sarasota & Manatee Counties

Palmetto, Fla. (January 14, 2020) – Senior advisor Tony Veldkamp, CCIM and Advisor Matt Fenske of SVN Commercial Advisory Group recently coordinated the sale of 40+/- acres of land to be developed at 2845 69th St. East in Palmetto, FLA. Hewitt D. Miller, Trustee was the seller. JBS Commercial was the buyer. Purchase price was $5,350,000.

“The 40+/- acres is located right on U.S. 41, just south of I-275. The visibility of the parcel makes it ideal for potential commercial development,” Said Veldkamp, concerning the asset.

The buyer plans to develop the front of the property into retail with multifamily on the back portion of the parcel.

Contacts

Matt Christian, Managing Director, SVN Commercial Advisory Group
Matt.Christian@svn.com | 941.343.4520

Tony Veldkamp, Senior Investment Advisor, SVN Commercial Advisory Group
Tony.Veldkamp@svn.com | 941.374.9657

Matt Fenske, Associate Advisor, SVN Commercial Advisory Group
Matt.Fenske@svn.com | 941.773.9984

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