1602 Banyan DrVenice, FL 34293

Property Details for 1602 Banyan Dr

Year built

1960

Lot size

0.47 AC

Property size (Sq ft)

1,990 SF

Property type

Mixed-use properties

Property subtype

Other mixed-use properties

Description

This exceptional mixed-use property at 1602 Banyan Drive, Venice, FL 34293, presents a compelling investment opportunity. The 1,990 square foot building, constructed in 1960, sits on a 0.47-acre lot and boasts 1,637 square feet of net rentable space. Currently operating as a licensed preschool with capacity for 46 children, the property enjoys 100% occupancy with approximately 30 children currently enrolled. The asking price is $525,000, representing a compelling price per square foot of $321 and a 9.00% cap rate. The property features a single story design, an oversized green space, a new HVAC system, and a recently replaced floor (within the last 5 years). Public water and sewer services are available. The sale includes a school bus and existing kitchen facilities. The property is zoned RSF3 and its Sarasota County APN is 0433020051. The business is currently operated as an absentee ownership model, focusing on private-pay enrollment and excluding state-funded programs. A CCTV system is also in place. This turnkey operation offers a strong cash flow and significant potential for future growth. The corporate ownership structure ensures a smooth transition for the new owner.

Location Insight

City

Venice

County

Sarasota

State

Florida

Latitude

27.0772

Longitude

-82.4237

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