Retail Center on US 41 Bypass

1255 US 41 Bypass S, Venice, FL

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For Sale

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Multi-tenant retail center with high visibility and storage areas.

Type:RETAIL

Property size:

12,922 SF

Lot size:

1.41 Acres

Price / SF:

$290/SF

HighLights

Excellent visibility and access on US 41 Bypass S.
Third unit (6,200+\/-SF) available for owner occupancy or new tenant.
Two units currently occupied, including a national tenant (600+\/-SF).
Desirable parking/fenced storage areas north and south of the building.
Highly visible double pylon commercial sign along US 41 Bypass S.
Signage on the front building mansard for each tenant/occupant.

We can help!

Listing Contact

Jeff Button

Learn more

For Sale

Contact for pricing

Multi-tenant retail center with high visibility and storage areas.

Type:RETAIL

Property size:

12,922 SF

Lot size:

1.41 Acres

Price / SF:

$290/SF

Added:: Jan 15, 2025
Days on Market:: 519
Last Refresh:: May 20 at 8:00 pm

Property Features for 1255 US 41 Bypass S

General Information

Standard status: Active
Size: 12,922 SF
Lot size: 1.41 Acres
Property subtype: RETAIL

We can help!

Listing Contact

Jeff Button

Listing agent Jeff Button

Listing office RKW Button

Listing date Jan 15, 2025

Source Moodyscre

Displayed information is deemed reliable but is not guaranteed and should be independently verified.

All listing content including descriptions, pricing, images are the copyrighted material of RKW Button

HighLights

Excellent visibility and access on US 41 Bypass S.
Third unit (6,200+\/-SF) available for owner occupancy or new tenant.
Two units currently occupied, including a national tenant (600+\/-SF).
Desirable parking/fenced storage areas north and south of the building.
Highly visible double pylon commercial sign along US 41 Bypass S.
Signage on the front building mansard for each tenant/occupant.

Overview

This retail and service-oriented multi-tenant center offers excellent visibility and access to US 41 Bypass S in Venice, Florida. The property consists of three units. Two units are currently occupied: one by a national tenant (approximately 600 square feet) and another by a local appliance store (approximately 6,100 square feet). The third unit, comprising approximately 6,200 square feet, is available for owner occupancy or a new tenant. The property includes ample front parking, along with desirable parking and fenced storage areas to the north and south of the building. The property benefits from a highly visible double pylon commercial sign along US 41 Bypass S, in addition to signage on the front building mansard for each tenant or occupant. The property size is 12,922 square feet.

Local Financial Insights For Retail

Simulate Cap Rate and NOI

NOI Build-Up

Component	$	$/SF
Gross rent	$310.1k	$24.00
− Vacancy	−$21.7k	−$1.68
EGI	$288.4k	$22.32
− OpEx	−$86.5k	−$6.70
NOI	$201.9k	$15.62

12,922 SF · lease $24.00/SF/yr · vacancy 7.00% · expense 30.00%

Alternative Uses

Best Use

Retail

$2.88M

$2.52M – $3.36M (±1% cap)

NOI $201,893 @ 7.0% cap · market cap 5.38%

Second Best

—

no second resolved use

Theoretical Best

Office A

$3.67M

$3.21M – $4.28M (±1% cap)

NOI $257,078 @ 7.0% cap · market cap 6.86%

Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Current Use by Public Records

Shopping centers

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Map

City: Venice
County: Sarasota
State: Florida
Longitude: -82.4508
Latitude: 27.0993

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For sale
Shopping centers
FL
Venice
1255 US 41 Bypass S

What type of property is this?

Shopping center - Multi-tenant retail center with high visibility and storage areas.

Where is this shopping center located?

The property is located at 1255 US 41 Bypass S Venice, FL.

What is the asking price?

The asking price for this property is $3,750,000.

What are key features of this property?

This property features: Excellent visibility and access on US 41 Bypass S.; Third unit (6,200+\/-SF) available for owner occupancy or new tenant.; Two units currently occupied, including a national tenant (600+\/-SF).

1255 US 41 Bypass S, Venice, FL

Multi-tenant retail center with high visibility and storage areas.

Property Features for 1255 US 41 Bypass S

General Information

We can help!

HighLights

Overview

Local Financial Insights For Retail

Simulate Cap Rate and NOI

Alternative Uses

Current Use by Public Records

Similar Places Nearby

Map

Nearby Similar for Sale

Versatile Property on E Venice Avenue

Mixed-Use Building with Upstairs Residence

Duplex with Lofted Living Areas

Venice Island Triplex Near Beach

Fully Updated Triplex with 3 Units

Four Venice Properties - Income

Downtown Venice Mixed-Use Landmark

Mixed-Use Retail and Residence

Venice Class A Medical Office

Move-in Ready Medical/Professional Office Space

Executive Office Suite Portfolio

Automotive Service Property with Garage

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