209 Nassau StVenice, FL 34285

Property Details for 209 Nassau St

Year built

1974

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

0.34 AC

Property size (Sq ft)

4,980 SF

Zone code

VA

Property type

Office properties

Property subtype

Office buildings

APN

0408-05-0032

APU

408050032

Description

This exceptional four-unit office building, totaling 5,940 gross square feet (4,980 net rentable square feet), is situated on a 15,000 square foot lot at the corner of Nassau Street South and Miami Avenue West in the heart of historic downtown Venice, Florida. Built in 1974 and renovated in 1985, this Class B property offers a unique blend of historic charm and modern functionality. The building features a private parking lot, providing ample parking for tenants and visitors. Its prime location within the vibrant downtown area ensures high foot traffic and excellent visibility. The permitted zoning is VA. Each of the four units provides a distinct space, ideal for a variety of businesses or an owner-user seeking a prominent location. The asking price is $875,000, translating to $147.31 per square foot. This property presents a compelling investment opportunity for both owner-users and investors seeking a well-established presence in a thriving downtown area known for its Mediterranean Revival architecture and strong sense of community. The property's central location offers easy access to major transportation routes and benefits from the cultural richness and close-knit business community of historic downtown Venice. The APN is 0408050032.

• CAP approach

  CAP return

  Valuation

  6%

  $1,320,996

  6.5%

  $1,219,380

  7%

  $1,132,282

• Comparable approach

  Method

  Valuation

  Relative Method

  $999,036

  Geo Method

  $909,497

• Alternative Use

  Use

  Valuation

  Residential

  $1,512,032

  Hospitality

  $1,385,013

  Educational

  $1,152,315

  Medical

  $1,191,944

  Retail

  $1,792,489

Location Insight

City

Venice

County

Sarasota

State

Florida

Latitude

27.0987

Longitude

-82.4475

CBSA code

35840

CBSA name

NORTH PORT-SARASOTA-BRADENTON, FL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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