New Home Depot in East Bradenton spurs sale of nearby properties

BRADENTON -- Three parcels in the Morgan Johnson Commerce Park near the intersection of State Road 64 and Morgan Johnson Road have been up for sale for about four months, about the length of time the city was hearing an annexation request from a national home store.

Recent news confirming that Home Depot plans to build a new store across the street has the owner and agents confident those parcels won't last long.

Bradenton officials wrapped up in early February the annexation process that cleared the way for the city to start reviewing development plans for Home Depot. According to Diane Lawson, with Sperry Van Ness Commercial Advisory Group, the commerce park is not associated with the planned Home Depot across the street, but it certainly doesn't hurt their prospects.

"It really is a great location and the Home Depot will help bring a lot of traffic to that area," said Lawson. "They are essentially one-acre vacant sites that are shovel-ready with all infrastructure in place. That's not an easy thing to find anymore."

The commerce park features the Bradenton VA Outpatient Clinic and the Social Security Administration building. Two of the lots are

to the north of the VA clinic fronting S.R. 64. Each parcel is just under an acre and are up for sale for $735,000 and $710,000. The third parcel is just over 1.5 acres and is located to the south of the Social Security building and fronts Morgan Johnson Road. It is listed for $799,000.

The Manatee County Property Appraiser's Office website does not list any current appraisals for the three lots.

The average daily traffic count at the intersection is 45,000 vehicles a day. The owner of the property is listed as Morgan Johnson Commerce Park LLC. Its registered agent is Robert Kramer, out of Stuart. The owner is offering to lease the parcels at $70,000-$80,000 a year and would "build to suit" for a potential tenant.

"There's overflow parking besides any parking that a business would require," said Lawson. "There's a lot of new residential development going around that area and it's only getting better."

Mark Young, Herald urban affairs reporter, can be reached at 941-745-7041 or follow him on Twitter @urbanmark2014.

This story was originally published March 8, 2016 at 11:54 PM with the headline "New Home Depot in East Bradenton spurs sale of nearby properties ."