421 Commercial CtVenice, FL 34292

Property Details for 421 Commercial Ct

Year built

2003

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

3.36 AC

Property size (Sq ft)

11,600 SF

Zone code

CHI

Property type

Office properties

Property subtype

Office buildings

APN

0400-16-0001

APU

400160001

Description

This exceptional office space, located at 421 Commercial Court in the prestigious Lakeview Office Park, offers two available suites totaling 5,472 square feet. Built in 2003, this single-story building provides a timeless aesthetic within a convenient, shared parking lot setting. The suites are ideal for a variety of professional uses, including medical practices, accounting firms, or legal offices. The property is zoned CHI - COMMERCIAL, HIGHWAY INTERCHANGE, providing excellent visibility and accessibility. Its strategic location just off I-75 at Jacaranda Boulevard in Venice ensures high traffic exposure, benefiting from the flow of traffic from Venice, Sarasota, and North Port. The owner is offering a tenant improvement allowance to the successful tenant. The property features a total of 5,472 square feet of vacant space, with two individual suites available. This is a rare opportunity to secure prime office space in a highly desirable location. The property's single-story design and ample parking make it an attractive option for businesses of all sizes. Don't miss this chance to establish your business in this thriving area.

• CAP approach

  CAP return

  Valuation

  6%

  $3,077,018

  6.5%

  $2,840,324

  7%

  $2,637,444

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,327,071

  Geo Method

  $2,118,508

• Alternative Use

  Use

  Valuation

  Residential

  $3,522,002

  Hospitality

  $3,226,135

  Educational

  $2,684,106

  Medical

  $2,776,417

  Retail

  $4,175,276

Location Insight

City

Venice

County

Sarasota

State

Florida

Latitude

27.1096

Longitude

-82.3867

CBSA code

35840

CBSA name

NORTH PORT-SARASOTA-BRADENTON, FL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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