US-41 BypVenice, FL 34285

Property Details for US-41 Byp

Year built

1974

Property size (Sq ft)

3,410 SF

Property type

Healthcare properties

Property subtype

Other office properties

Description

This exceptional investment opportunity presents a single-tenant, 3,410 square foot medical office building situated on a 14,898 square foot lot in Venice, Florida. The property boasts a 100% occupancy rate with a long-term, triple-net (NNN) lease in place, ensuring a stable and predictable income stream. The asking price is $1,705,000, translating to a compelling $500 per square foot. Built in 1974, this one-story building is zoned CG - COMMERCIAL, GENERAL, offering flexibility and potential for future growth. The property's strong financial performance is highlighted by a Net Operating Income (NOI) of $110,825 and a 6.50% capitalization rate. This makes it an attractive investment for those seeking a secure, high-yield asset in a desirable location. The property is located on US-41 BYP in Sarasota County, Florida, zip code 34285. This is a 1031 exchange eligible property. The building's single-tenant occupancy simplifies management and minimizes vacancy risk. This is a rare opportunity to acquire a well-maintained, high-performing medical office building in a thriving market.

Location Insight

City

Venice

County

Sarasota

State

Florida

Latitude

27.0924

Longitude

-82.4334

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