Two rare waterfront parcels totaling 4.4 acres in Palmetto hit market

A local private investor who owns two nearby parcels in Palmetto’s Riviera Dunes community has engaged Ian Black Real Estate as the exclusive listing agent to sell the waterfront properties, which total 4.4 acres.

Both properties are located on the Manatee River and adjacent to the Bradenton Area Convention Center, which is currently undergoing a $53 million renovation, and the new Palmetto Marriott Resort & Spa, the largest luxury resort in the Bradenton area.

The property at Riviera Dunes Way is 3 acres – which includes an existing 1.3-acre retention facility – has a deeded waterfront walkway and is listed for $3,779,000. The property at 150 Riviera Dunes Way includes hotel/condo pads and was initially approved for a building of up to 15 stories. This waterfront property is 1.4 acres and is listed for $2.5 million. The properties are surrounded by 2,000 waterfront homes and three private marinas in a community redevelopment agency (CRA) district.

“This is a fantastic opportunity for a developer seeking waterfront property with amazing views in an emerging upscale area that’s a cost-effective waterfront option, with condos or hotels making the most sense in this Riviera Dunes DRI,” said Matt Kezar, broker associate at Ian Black Real Estate, who represents the Riviera Dunes Way property, and also the 150 Riviera Dunes Way property with Ian Black Real Estate Partner Michele Fuller. “Waterfront commercial/multifamily properties are scarce and in high demand, making this opportunity especially rare.”

Located on the Manatee River, Riviera Dunes is one of the largest master-planned communities in Bradenton and Palmetto and offers extensive boating and fishing opportunities, with easy access to the Gulf of Mexico and Tampa Bay. The area also offers an easy commute to St. Petersburg, Tampa, Sarasota and Bradenton, located near U.S. 301 and U.S. 41, and minutes from Interstate 75.

“There is a huge amount of interest in this area that continues to grow,” said Fuller. “We’re now seeing it hit critical mass, with people really starting to see how beautiful and special this area is.”

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About Ian Black Real Estate

Ian Black Real Estate (IBRE) is a boutique commercial real estate brokerage firm located in Sarasota, Fla. The firm is one of the largest commercial brokerage firms in Southwest Florida and boasts a deep knowledge of the commercial real estate market in Sarasota and Manatee counties and the surrounding area. For more information, visit ian-black.com.