712 Venice AveVenice, FL 34285

Property Details for 712 Venice Ave

Year built

1969

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

0.26 AC

Property size (Sq ft)

2,900 SF

Zone code

CG

Property type

Retail properties

Property subtype

Retail space

APN

0410-04-0072

APU

410040072

Description

This exceptional retail property in Venice, Florida, offers 17,250 square feet on a 0.26-acre lot, presenting a rare owner-occupier investment opportunity. The property's strategic location is ideal for various uses, including medical clinics, surgery centers, urgent care facilities, and retail businesses. Its potential extends to multifamily residential development, with estimates suggesting up to 18 units could be built on the site. The property benefits from its proximity to popular attractions such as the Venice Christmas Boat Parade, the Venice Holiday Parade, shopping, dining, craft festivals, the Venice Theater, the Venice Performing Arts Center, the library, and the art center. Furthermore, its location near world-famous beaches offers stunning sunset views. The property's strong cash flow potential makes it an attractive investment during the holding period and through various stages of redevelopment. This prime location in Venice, Florida, a popular destination for tourists and snowbirds, offers a unique blend of commercial and residential potential, making it a highly desirable investment opportunity. The property's versatility and location within a thriving community ensure a strong return on investment. The asking price is $2,200,000.

• CAP approach

  CAP return

  Valuation

  6%

  $1,130,804

  6.5%

  $1,043,819

  7%

  $969,261

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,466,055

  Geo Method

  $1,334,660

• Alternative Use

  Use

  Valuation

  Residential

  $880,500

  Hospitality

  $806,534

  Educational

  $671,027

  Medical

  $694,104

  Retail

  $1,043,819

Location Insight

City

Venice

County

Sarasota

State

Florida

Latitude

27.0995

Longitude

-82.4329

CBSA code

35840

CBSA name

NORTH PORT-SARASOTA-BRADENTON, FL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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