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Property
Beds
None
Full Baths
None
1/2 Baths
None
Year Built
1983
Sq.Footage
54,496
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.
Features & Amenities
Interior
-
Total Bedrooms
N/A
-
Bathrooms
N/A
-
Cooling YN
YES
-
Cooling
N/A
Exterior
-
Garage
No
-
Construction Materials
Brick, Concrete
-
Pool
No
-
Waterfront YN
NO
Area & Lot
-
Lot Size(acres)
5.15
-
Property Type
Commercial Sale
-
Property Sub Type
Mixed Use
Price
-
Sales Price
$7,999,900
-
Tax Amount
50867.88
-
Sq. Footage
54, 496
-
Price/SqFt
$146
HOA
-
Association
No
School District
-
Elementary School
N/A
-
Middle School
N/A
-
High School
N/A
Property Features
-
Stories
1
-
Foundation Details
Slab
-
Ownership
Corporation
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Location
County
Sarasota
Elementary School
Middle School
High School
Listing Courtesy of Daniel Charney , GULF SHORES REALTY
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Business Coach | Executive Sales Associate | Realtor®
MichaelGraf
Call Michael today to schedule a private showing.
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