1111 Avenida Del Circo Venice, FL 34285

This exceptional development opportunity is located on the island in Venice, Florida, and includes both land and buildings. The property, one of the last, largest, and best pieces of available land on the island, spans approximately 5.15 acres in a central location with convenient access from the south bridge to Hwy-41 (Tamiami Trail). The site is currently zoned RTR Resort residential. Previous plans proposed up to 165 units in a combination of short-term and extended stay hotel, resort, and restaurant. Rezoning to RMF4 indicates a density of 18 units per acre for luxury condos. Upper floors in either buildout scenario would offer views of sunsets over the Gulf of Mexico. The property includes addresses 1111 and 1225 Avenida Del Circo. Included in the purchase is a professional building housing a long-established dermatology center. Tenants are willing to stay at the buyer's discretion, with an expected annual income of approximately $120,000. This building could also serve as a sales or amenities center. An additional existing building offers approximately 50,000 square feet with over 65 rooms, management offices, and a full restaurant with a large commercial kitchen. This building could be renovated into apartments, assisted living, a hotel, or condos. This property is ready for development.