Commercial Sale Property - Mixed Use in Venice
Listing Price: $7,999,900 (Sale Pending)
Description of Property
EXCEPTIONAL DEVELOPMENT OPPORTUNITY on the Island in Venice, Florida. LAND & BUILDINGS! This is one of the last, largest and best pieces of available land on the island. This popular destination is home to a private airport, marina, beautiful beaches and beachfront properties and a charming downtown area with local restaurants and shops. This property consists of approx. 5.15 acres located in the heart of it all with easy access off the south bridge to Hwy-41 (Tamiami Trail). Currently zoned RTR Resort residential, previous plans proposed for up to 165 units in a combination of short-term and extended stay hotel/resort/and restaurant. A rezoning to RMF4 indicates 18 units per acre density for luxury condos which are in high demand on the island. Under either buildout scenario upper floors would showcase stunning sunsets over the Gulf of Mexico! Property encompasses 1111 and 1225 Avenida Del Circo and included in the purchase is a beautiful Professional Building with a long established dermatology center. At buyer's discretion tenants are happy to stay and annual income in the range of $120,000 per year can be expected. Alternatively, this building would accommodate a very nice sales center, amenities center and more. The second existing building offers approximately 50,000 sf. with 65+ existing rooms, management offices, a full restaurant with large commercial kitchen and more. This building could be renovated to current apartments, assisted living, hotel, condos etc. This rare opportunity is the first time to market in almost 40 years. This property is ready for your dream...build it and they will come.
Property Details At A Glance
Property Type: Commercial Sale
Property Use or Sub Type: Mixed Use
City: Venice
County: Sarasota
Sq. Ft. Gross: 54,496
Sq. Ft. Living Area: 54,496
Cost per (heated) sqare foot: $147
Year built: 1983
Annual Tax: $50,868
Taxes and fees can change periodically, and other fees may apply. Please check with your Realtor for more details.
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Waterfront Info
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Water Access: Not specified
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Exterior & Construction
Architectural Style:
Construction: Brick, Concrete
Foundation: Slab
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Floors Total: 1
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Cooling: Central Air
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Lot Information
Lot Features:
Lot Size (acres): 5.15
Lot Size (sq. ft.): 224,504 square feet
Road Frontage: City Street
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Legal Description & Other Information
Parcel Number: 0430090009
Zoning: RTR
Tax Legal Desc.: COM AT SW COR OF SE 1/4 OF SEC 18-39-19, TH N 89-48 E 1750.6 FT TH N 00-03 E 320.15 FT FOR POB TH N 00-03 E 614.8 FT TH S 46-44-55 E 605.06 FT TH S 00-06 W 200.1 FT TH N 89-57 W 100 FT TH S 00-06 W 133 FT TH W 240.77 FT TH N 00-03 E 132.8 FT TH W 100 TO POB, ALSO COM AT SW COR OF SE 1/4 OF SEC 18-39-19, TH N 89-48 E 1750.6 FT TH N 00-03 E 186.9 FT FOR POB TH N 00-03 E 133 FT TH S 89-57 E 100 FT TH S 00-03 W 133 FT M/L TH N 89-57 W 100 FT TO POB, LESS R/W DESC IN OR 2595/680, CONTAINING 5.1 C-AC M/L
Listing courtesy of GULF SHORES REALTY. The information relating to real estate for sale on this website comes in part from the My Florida Regional MLS DBA Stellar MLS. This information is provided exclusively for consumers' personal, non-commercial use. It may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data is deemed reliable but is not guaranteed accurate by the MLS.