102 James StVenice, FL 34285

Property Details for 102 James St

Year built

1973

Lot size

0.92 AC

Property size (Sq ft)

20,150 SF

Zone code

ILW

Property type

Warehouses

Property subtype

Self storage facilities

APN

0428-07-0013

APU

428070013

Description

This 20,150 sq ft self-storage facility in Venice, FL, presents a compelling value-add opportunity. Boasting 461 climate-controlled units within a caged/fenced facility, it sits on a 0.92-acre lot (APN: 0428070013) and benefits from a prime location adjacent to the Venice Bypass, enjoying high visibility and traffic counts (39,000+ AADT). Built in 1973 and renovated in 2012, the property offers significant upside potential through rent standardization and market rate adjustments. The strong demographics of the area, with 87,966 residents within a 5-mile radius and an average household income of $113,522, further enhance its investment appeal. The property's diversified unit mix, gross lease structure, and multi-tenancy contribute to its robust cash flow. The asking price is $2,699,000, representing a price per square foot of $133.95 and a price per unit of $5,854.66, with a projected 7.25% cap rate. Located in the desirable North Port-Sarasota-Bradenton Metropolitan Area, this property offers a blend of established income and growth potential. The property includes a sales office and generates income from U-Haul and supply sales in addition to storage rentals.

• Alternative Use

  Use

  Valuation

  Residential

  $6,117,960

  Hospitality

  $5,604,018

  Educational

  $4,662,478

  Medical

  $4,822,828

  Retail

  $7,252,743

Location Insight

City

Venice

County

Sarasota

State

Florida

Latitude

27.0827

Longitude

-82.4241

CBSA code

35840

CBSA name

NORTH PORT-SARASOTA-BRADENTON, FL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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