Commercial Real Estate and Businesses in Palmetto, FL Businesses for Sale in Florida Start Price USD 2,000,000.00 Current Price USD 2,000,000.00 Time Left - Bid Count 0 Buy It Now Price - Reserve Price - Start Time Friday, August 22, 2008 End Time Monday, September 01, 2008 Location Palmetto, FL See more about 'Commercial Real Estate and Businesses in Palmetto, FL' Description FLORIDA COMMERCIAL PROPERTY NOTE: PROPERTY IS TOO LARGE TO SHOW ON ONE PICTURE. SEVERAL ARE NECESSARY. ***OWNER FINANCING AVAILABLE***  AN E-2 VISA MAY BE AVAILABLE FOR THIS BUSINESS/REAL ESTATE OFFER 1.49 acres located on one of the busiest highways in SW Florida.   Just 3¼ miles from I-75.   3 blocks from a new Wal-Mart Super center in Palmetto, Manatee County, FL. Only 10 minutes from the Gulf of Mexico.   11,000 + sq. ft. buildings house a technical school, gym,  indoor pistol range, small car lot and storage. (GYM OPEN 24 HOURS/DAY WITH VIDEO SURVEILLANCE) THE ENTIRE PROPERTY IS COVERED WITH VIDEO SURVEILLANCE FOR SECURITY.   The school occupies about 75% of the buildings. The school is TAX EXEMPT.   Because of the school exemption the taxes are very low. Only $4,100 per year.   Insurance is only $6,800 per year.   REPORTED gross income in 2007 was $320,000++  and it is verifiable. This year, 2008, we are on track to exceed $370,000. $300,000+ WORTH OF EQUIPMENT AND INVENTORY INCLUDED IN PURCHASE PRICE. There are no liens or other encumbrances of any kind on the property except the first mortgage which will be paid by seller at closing. The property and businesses will be transferred free and clear.   New buildings built in 1998 and 2001 meet current wind rating.   Owner willing to stay on for a mutually agreeable period of time to assist in running businesses. PRICE REDUCED - WAS $3,700,000   NEW ASKING PRICE: $2,900,000     {OBO} [(Many more photos available upon request)] PLEASE NOTE: This is not a distress sale. I do not have to sell. I am making a VERY comfortable living with the businesses and real estate. I will be 67 very soon and would like to begin to slow down. My energy and drive is not what it used to be. My home is 3 1/2 miles away and I plan to stay in this area for the foreseeable future. I am willing to stay on to help the new owners. I have never actively promoted the Gun Range or Gym. The Gym is open 24 hours a day and we have no competition for this type of health club within 50+ miles. As for the 9 bay, 52' pistol range, we offer only one (1) CWP class each month. Our closest competitor in Sarasota, FL,  15 miles away, has 3 to 5 classes every week. Bob Serva, former owner and president of Dan Wesson firearms, stopped in the Range while on vacation about 4 years ago. He said this was the best designed indoor pistol range he had ever seen. The potential for the Gun range and Gym have not been even touched. The gross income could be more than doubled with a very little extra effort. This is a really great deal for someone. An annual return of $350,000+ for your investment of $2,500,000+ is quite good for any type of economy. In our present state of world wide economy it is really an excellent investment. Now factor in the doubling or more for the gross income from increased marketing for the Gym and Pistol Range and this is an incredible opportunity.        ***FOR QUALIFIED BUYERS. CONTACT ME FOR DETAILS***  Place a Bid!