740 The RialtoVenice, FL 34285

Property Details for 740 The Rialto

Year built

1982

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

0.24 AC

Property size (Sq ft)

2,825 SF

Zone code

ST2

Property type

Office properties

Property subtype

Office buildings

APN

0429-14-0022

APU

429140022

Description

This freestanding medical/professional office building in Venice, Florida, offers two available suites totaling 3,185 square feet, with the option to combine them for a larger space. Located at 740 The Rialto, this property boasts a total building area of 3,165 square feet situated on a 10,500 square foot lot. Individual suites range from 1,558 to 1,627 square feet and feature multiple offices, ADA-compliant restrooms, kitchenettes, and in one case, dedicated lab space. The building underwent a complete renovation in 2024, presenting a turnkey opportunity for medical or professional practices. The ST2 - South Trail Subarea zoning designation provides flexibility for various uses. The property's Sarasota County location (APN: 0429140022) offers easy access to the vibrant Venice community, known for its strong economy and high quality of life, particularly attractive to businesses catering to a retiree demographic. This location provides excellent accessibility and a supportive business environment, making it an ideal setting for establishing or expanding a professional practice. The combined space offers potential for 12+ offices and lab space.

• CAP approach

  CAP return

  Valuation

  6%

  $749,360

  6.5%

  $691,717

  7%

  $642,308

• Comparable approach

  Method

  Valuation

  Relative Method

  $566,722

  Geo Method

  $515,930

• Alternative Use

  Use

  Valuation

  Residential

  $857,729

  Hospitality

  $785,675

  Educational

  $653,672

  Medical

  $676,153

  Retail

  $1,016,824

Location Insight

City

Venice

County

Sarasota

State

Florida

Latitude

27.0873

Longitude

-82.4448

CBSA code

35840

CBSA name

NORTH PORT-SARASOTA-BRADENTON, FL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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