Manatee County investors buy 19.5-acre S.R. 64 commercial land

BUYER: 64 Properties LLC (principal: John Falkner), Myakka City
SELLER: Second Step Asset Management Co.
PROPERTY: 5704 State Road 64 E., Bradenton
PRICE: $2.38 million
LAW FIRM ON DEED: Balch & Bingham LLP, Jacksonville

PLANS, DESCRIPTION: Myakka City farmer John Falkner and Tom Brown Sr., a developer and real estate broker with Wagner Realty, purchased 19.58 acres of vacant commercial land kitty-corner from Scion of Lakewood for $2.38 million.

The price equated to $121,297 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.