Commercial Sale Property - Office in Venice
Listing Price: $1,300,000
Description of Property
A rare and exceptional opportunity to acquire a high-value, income-producing executive office suite portfolio in a prime commercial location on E Venice Avenue. This exclusive property encompasses 6,639 square feet across the entire second floor of the building and is configured into six premier executive suites. This unit is ideal for the discerning commercial real estate investor seeking stable returns or an owner-user looking for a prestigious headquarters with significant built-in rental income potential. INVESTMENT HIGHLIGHTS Attractive Price Point: Offered at $195.88 per square foot, this presents a competitive value for a high-quality commercial asset in the rapidly growing Venice market. Immediate Cash Flow: The unit is already producing income with two of the six executive suites currently leased by quality tenants. Significant Upside: Four vacant suites offer the new owner maximum flexibility to lease at market rate (with local rates averaging $25.00/SF/YR for Class A space), significantly increasing the Net Operating Income (NOI). Prime Location: Excellent visibility and accessibility on E Venice Ave, a key thoroughfare for professional and medical businesses. EXCLUSIVE AMENITIES & ACCESS Unit 4F stands apart by offering an unrivaled level of privacy and prestige that attracts high-caliber tenants: Dedicated Entry Experience: The offering includes the exclusive use and control of the building's main lobby and elevator, providing a private, executive-level entry point that ensures maximum professionalism and separation from other tenants. Configurable Suites: The six-suite layout is highly adaptable for professional offices, medical use, or can be consolidated for a single large corporate user. Professional Building: Modern construction and superior maintenance designed to attract and retain long-term, high-quality tenants.
Property Details At A Glance
Property Type: Commercial Sale
Property Use or Sub Type: Office
City: Venice
County: Sarasota
Sq. Ft. Gross: 6,639
Sq. Ft. Living Area: 6,639
Cost per (heated) sqare foot: $196
Year built: 2008
Annual Tax: $12,633
Condo Fee: $7,556 Quarterly
Taxes and fees can change periodically, and other fees may apply. Please check with your Realtor for more details.
Waterfront Info
Exterior & Construction
Construction: Stucco
Foundation: Slab
Cooling: Central Air
Lot Information
Lot Features: Other
Road Frontage: Main Thoroughfare
Legal Description & Other Information
Parcel Number: 0412041019
Zoning: PUD
Tax Legal Desc.: UNIT 4F, GALLERIA ON VENICE AVENUE, PHASE 2
Section: 9
Range: 19
Listing courtesy of SENSIBLE PROPERTY MANAGMENT. 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.