127 Tampa AveVenice, FL 34285

Property Details for 127 Tampa Ave

Year built

1958

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

0.51 AC

Property size (Sq ft)

3,000 SF

Zone code

VA

Property type

Retail properties

Property subtype

Community centers

APN

0407-14-0023

APU

407140023

Description

This exceptional commercial property, located at 127 Tampa Ave E in Venice, Florida (34285), offers a unique blend of executive and creative office spaces within a vibrant retail setting. The two-story, 8,584 square foot building, constructed in 1982, sits on a 0.51-acre lot and is zoned VA. Currently, there are three available spaces ranging from 400 to 900 square feet, ideal for a variety of businesses. The property boasts a Class C designation and offers convenient access to a wealth of amenities, including the Venice Theater, Daiquiri Deck, the United States Postal Service, and numerous retail shops and restaurants. Its prime location ensures high foot traffic from nearby residential areas. The building features a total of three parking spaces, but lacks elevators. The property's address is further identified by its cross street, Tamiami Trail, and its APN is 0407140023. This is a rare opportunity to establish a presence in a thriving downtown Venice location. The property is currently multi-tenant. Serious inquiries are encouraged.

• CAP approach

  CAP return

  Valuation

  6%

  $1,169,797

  6.5%

  $1,079,813

  7%

  $1,002,683

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,516,608

  Geo Method

  $1,380,683

• Alternative Use

  Use

  Valuation

  Residential

  $910,863

  Hospitality

  $834,345

  Educational

  $694,165

  Medical

  $718,039

  Retail

  $1,079,813

Location Insight

City

Venice

County

Sarasota

State

Florida

Latitude

27.1012

Longitude

-82.4433

CBSA code

35840

CBSA name

NORTH PORT-SARASOTA-BRADENTON, FL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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