2996 Executive DrVenice, FL 34292

Property Details for 2996 Executive Dr

Year built

2022

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

2.12 AC

Property size (Sq ft)

9,877 SF

Zone code

PCD; EVA

Property type

Retail space

APN

0415-05-0008

APU

415050008

Description

This exceptional 12,941 square foot retail strip center, constructed in 2021, presents a unique investment opportunity in the thriving Venice, Florida market. Located at 2996 Executive Drive, Sarasota County, zip code 34292, this property offers multiple tenancy options, with spaces ranging from a minimum of 1,046 square feet to a maximum contiguous space of 10,000 square feet. The center boasts a desirable location and features attractive amenities for tenants and patrons alike. One notable feature is an end-cap space thoughtfully designed to accommodate a drive-thru lane, ideal for a quick-service restaurant or similar business. Adding to the property's appeal is a generous 13-foot-wide patio extending the length of the building, providing ample outdoor space perfect for dining or other customer-facing activities. This property is situated in a high-traffic area, offering excellent visibility and accessibility for businesses seeking a prominent presence in the Venice community. The building's modern design and versatile space options make it an attractive proposition for a variety of retail uses. This is a rare opportunity to secure a well-located, modern retail space in a rapidly growing market. Contact us today to learn more about leasing opportunities.

• CAP approach

  CAP return

  Valuation

  6%

  $3,851,362

  6.5%

  $3,555,104

  7%

  $3,301,168

• Comparable approach

  Method

  Valuation

  Relative Method

  $4,993,180

  Geo Method

  $4,545,668

• Alternative Use

  Use

  Valuation

  Residential

  $2,998,863

  Hospitality

  $2,746,942

  Educational

  $2,285,424

  Medical

  $2,364,023

  Retail

  $3,555,104

Location Insight

City

Venice

County

Sarasota

State

Florida

Latitude

27.1072

Longitude

-82.3825

CBSA code

35840

CBSA name

NORTH PORT-SARASOTA-BRADENTON, FL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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