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Property Description
RARE WATERFRONT COMMERCIAL OPPORTUNITY - NEAR I-75 & I-275 | TERRA CEIA BAY | PALMETTO, FLORIDA! Discover an exceptional opportunity to acquire approximately 0.95 acres of waterfront property along beautiful Terra Ceia Bay, strategically located near the I-75 and I-275 interchange in northern Manatee County! Situated at 320 Bayshore Drive, this unique property combines a highly desirable waterfront setting with convenient access to major transportation corridors serving Tampa, St. Petersburg, Bradenton, Sarasota, and the surrounding Gulf Coast region. The property features an existing 2,826-square-foot building with 3,122 square feet under roof, offering potential for renovation, adaptive reuse, or future redevelopment. The building requires repairs and updating, allowing a new owner to evaluate improvements and customize the property to suit their intended use. LOCATION IS A MAJOR ADVANTAGE! Positioned just off the US 19 corridor and near the interstate junction, this property offers convenient regional connectivity while maintaining the appeal of a scenic waterfront setting. Mature trees, established surroundings, and frontage along Terra Ceia Bay add character to this distinctive property. Whether you're an investor seeking a unique waterfront asset, a business owner exploring a potential commercial location, or a developer evaluating future opportunities, this property offers flexibility and possibilities worth investigating. WATERFRONT LOCATION "¢ NEAR MAJOR INTERSTATES "¢ EXISTING BUILDING "¢ RENOVATION & REDEVELOPMENT POTENTIAL! Property is offered with existing improvements in need of renovation. Commercial uses, redevelopment opportunities, and improvements are subject to verification of zoning, permitting, environmental requirements, and governmental approvals. Additional property photographs and information are available upon request. Explore the potential of this distinctive Terra Ceia Bay waterfront property!
Full Property Details
Full Property Details for 320 Bayshore Dr
General
- Price: $1,100,000
- Taxes: $9,014 (2025)
- Status: Active
- Type: Commercial
- Source: MidFloridaRegionalMLS
- MLS ID: P4940224
- Updated: 10/22/2026
- Added to Site: 2 day(s) ago
Location
- Area: 34221 - Palmetto/Rubonia
- County: Manatee
- Development Name: 34221 - Palmetto/Rubonia
- Driving Directions: US 19 North to Bayshore Drive, turn right and the first property is on the left.
Community
- Community Name: 34221 - Palmetto/Rubonia
Heating & Cooling
- Cooling Type: Central Air
Utilities
- Water District: TERRA CEIA BAY
Structural Information
- # Buildings: 1
- Exterior Const.: Block
- Roof: Shingle
- Square Feet: 2,826
- Sq. Ft. Source: Public Records
- Year Built: 1965
Lot Features
- Lot Size (Acres): 1
- Lot Size (Sq. Ft.): 43,598
- Lot Size: 1.0009
- Frontage: County Road
- Street/Road Desc.: Asphalt
Water Features
- Water Front: Yes
- Water Access: Yes
- Water Access Desc: Bay/Harbor
- Water Front Name: TERRA CEIA BAY
- Water Front Desc.: Bay/Harbor
Financial Considerations
- Tax Amount: $9,014
- Tax Year: 2025
Disclosures and Reports
- Ownership: Fee Simple
- Special Conditions: None
- Legal Description: PARCEL C: A PARCEL OF LAND LYING AND BEING IN SEC 26 & 35, TWN 33S, RNG 17E, MANATEE COUNTY, FL BEING DESC AS FOLLOWS: COM AT THE NE COR OF THE E 1/2 OF THE E 1/2 OF THE SE 1/4 OF THE SW 1/4 OF SD SEC 26; TH S 00 DEG 43 MIN 02 SEC W, ALG THE E LN OF SD E 1/2 OF THE E 1/2 OF THE SE 1/4 OF THE SW 1/4, A DIST OF 1194.98 FT FOR A POB; TH S 49 DEG 33 MIN 15 SEC E, 379.90 FT M/L TO A PT ON THE APPROX MHWL OF TERRA CEIA BAY; TH SWLY ALG SD MHWL, THE FOLLOWING 3 COURSES AND DIST: (1) S 31 DEG 26 MIN 36 SEC W, 58.77 FT M/L; (2) S 18 DEG 30 MIN 42 SEC W, 69.50 F M/L; (3) S 40 DEG 23 MIN 36 SEC W, 35.88
- Flood Zone Info: AE, X
- APN: 2199700359
- Property ID: 2199700359
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Schools
Schools serving 320 Bayshore Dr
School District:Manatee County School District
| Name | Grades | Distance |
|---|---|---|
Palm View Elementary School 6025 Bayshore Road, Palmetto, FL 34221 | PK-5 | 1 mi |
Palmetto High School 1200 17th Street West, Palmetto, FL 34221 | 9-12 | 2.9 mi |
Disclaimer:
School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 320 Bayshore Dr
Date
Details
Price
Change
Source
10/22/2026
Listed
$1,100,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 320 Bayshore Dr
320 Bayshore Drive, Palmetto, FL 34221 (MLS# P4940224) is a Commercial property. 320 Bayshore Drive is currently listed for $1,100,000 and was received on October 22, 2026. Want to learn more about 320 Bayshore Drive? Do you have questions about finding other Commercial real estate for sale in Palmetto? You can browse all Palmetto real estate or contact a Coldwell Banker agent to request more information.

