550 Airport AveVenice, FL 34285

Property Details for 550 Airport Ave

Year built

1996

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

0.30 AC

Property size (Sq ft)

2,067 SF

Zone code

AAV

Property type

Office properties

Property subtype

Office buildings

APN

0431-01-0007

APU

431010007

Description

This exceptional single-tenant office building, located at 550 Airport Ave E in Venice, Florida, presents a fantastic opportunity. Boasting 2,067 square feet of well-maintained space, this property sits on a generous 13,275 square foot lot. Built in 2001, the single-story structure is zoned AAV and features a traditional office layout, ideal for a variety of businesses. The property's address is 550 Airport Ave E, Venice, FL 34285. The building is currently undergoing renovations, including fresh paint, new flooring, and updated cabinets, ensuring a modern and attractive workspace for the next tenant. The property's APN is 0431-01-0007. This is a rare opportunity to secure a well-located, updated office space in the desirable Venice Island area. The property's convenient location and upcoming improvements make it an attractive investment for businesses seeking a comfortable and functional office environment. The single-tenant occupancy provides simplicity and control, while the ample lot size offers potential for future expansion or outdoor amenities. This property is ready for immediate occupancy.

• CAP approach

  CAP return

  Valuation

  6%

  $548,293

  6.5%

  $506,116

  7%

  $469,965

• Comparable approach

  Method

  Valuation

  Relative Method

  $414,660

  Geo Method

  $377,496

• Alternative Use

  Use

  Valuation

  Residential

  $627,584

  Hospitality

  $574,864

  Educational

  $478,280

  Medical

  $494,729

  Retail

  $743,991

Location Insight

City

Venice

County

Sarasota

State

Florida

Latitude

27.0789

Longitude

-82.4355

CBSA code

35840

CBSA name

NORTH PORT-SARASOTA-BRADENTON, FL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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