MVP Restaurant Partners buys land north of State Road 70

BUYER: MVP Lakewood Ranch LLC (principals: Robert Basham and Nicholas Reader), Tampa
SELLER: Chicken Dinner LLC
PROPERTY: 5484 and 5474 Lena Road, Bradenton
PRICE: $1.48 million
PREVIOUS PRICE: $607,000, July 2013
TITLE FIRM ON DEED: Barnes Walker Title Inc., Bradenton

PLANS, DESCRIPTION: MVP Restaurant Partners purchased 10 acres of vacant land in Creekwood East Corporate Park for $1.48 million.

The price equated to $147,384 per acre. That figure is lower than the two-year average price per acre for retail land ($893,571) in the Tampa Bay area, according to the CoStar Group.