This exceptional 3-acre commercial land parcel, located at 2956 Executive Drive in Venice, Florida (zip code 34292), presents a unique investment opportunity. Zoned CHI, this highly visible property boasts an ideal location near the I-75 interchange, offering unparalleled exposure to a substantial daily traffic volume. I-75 sees an average daily traffic count of 96,500 vehicles, while Jacaranda Boulevard registers 36,000. The site benefits from off-site stormwater management, simplifying development complexities. This strategic location places the property in close proximity to key amenities and a rapidly growing residential area. Projected residential growth in the area is estimated to reach 107,146 residents by 2028, ensuring a robust and expanding market for commercial ventures. The property's proximity to Sarasota Memorial Hospital, Venice's beautiful beaches, and the award-winning Wellen Park master-planned community further enhances its appeal and potential for significant return on investment. The asking price for this remarkable opportunity is $2,000,000. This 3-acre parcel in Sarasota County offers developers and investors a chance to capitalize on a thriving market and prime location.
Valuation by Paperhouses methods
Valuation date:
Dec 11, 2024
Alternative Use
Use
Valuation
Residential
$39,482,248
Hospitality
$36,165,528
Educational
$30,089,294
Medical
$31,124,110
Retail
$46,805,568
Location Insight
City
Venice
County
Sarasota
State
Florida
Latitude
27.1085
Longitude
-82.3798
CBSA code
35840
CBSA name
NORTH PORT-SARASOTA-BRADENTON, FL METROPOLITAN STATISTICAL AREA
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Disclaimer
The property value estimates provided on this website are automated calculations based on publicly available data, user-submitted information, and proprietary algorithms. These estimates are not appraisals and should not be used as a substitute for a professional valuation by a licensed appraiser.
We do not guarantee the accuracy, reliability, or completeness of these estimates, as market conditions, property features, and other factors may affect actual property values. Users should conduct their own due diligence and consult with a real estate professional before making financial or investment decisions.
By using this service, you acknowledge and accept that all estimates are provided for informational purposes only and that this website assumes no liability for any reliance on the provided valuations.
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