Retail-Office Unit with Rear
853-853 Us Highway 41 Byp S Venice, FL 34285
853-853 Us Highway 41 Byp S, Venice, FL, 34285
$350,000
For Sale
$350,000
Standalone unit with front retail area, office, two restrooms, and rear storage accessible via a garage door.
Property Size1,520 SF
Price / SF$230.26
Days on Market772
Property Features for 853-853 Us Highway 41 Byp S
General Information
- Standard status
- Active
- Size
- 1,520 SF
Listing agency
coldwell banker realty
(941) 639-0090
Listed by
Kayla Weiss-Bohnstedt · License #3370154
(941) 639-0090
Source
Exprealty
Added: Jun 10, 2024 Updated: Jul 21 at 4:24AM Checked: Jul 21 at 4:24AM
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 coldwell banker realty
Investment Insights
Based on property information with market context.
This for-sale unit offers a front retail area with an office and two restrooms. Additional storage is located toward the rear of the unit and is accessible through a garage door. The property will be vacant upon closing.
The unit is located on U.S. Highway 41 Byp S, and the public remarks indicate an average annual daily traffic count of 37,000. Commercial Intensive (CI) zoning is noted as allowing for many uses. Current association dues are listed as $3,200 per year per unit.
According to the remarks, the business may be included in the sale for an additional cost, with a motor scooter sales, service, parts, and accessories operation referenced. A new/used/wholesale motor vehicle dealership license and franchised dealer status for several brands are also mentioned in the provided information.
The unit is located on U.S. Highway 41 Byp S, and the public remarks indicate an average annual daily traffic count of 37,000. Commercial Intensive (CI) zoning is noted as allowing for many uses. Current association dues are listed as $3,200 per year per unit.
According to the remarks, the business may be included in the sale for an additional cost, with a motor scooter sales, service, parts, and accessories operation referenced. A new/used/wholesale motor vehicle dealership license and franchised dealer status for several brands are also mentioned in the provided information.
Key Highlights
- 1,520 SF unit with front retail area, office, two restrooms, and rear storage accessible via a garage door
- Vacant upon closing
- CI (Commercial Intensive) zoning allows for many uses
Local Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $36.5k | $24.00 |
| − Vacancy | −$2.6k | −$1.68 |
| EGI | $33.9k | $22.32 |
| − OpEx | −$10.2k | −$6.70 |
| NOI | $23.7k | $15.62 |
1,520 SF · lease $24.00/SF/yr · vacancy 7.00% · expense 30.00%
Alternative Uses
Best Use
Retail
$339.3K
$296.9K – $395.8K
NOI $23,748 @ 7.0% cap · market cap 6.79%
Second Best
Office B
$316.6K
$277.0K – $369.4K
NOI $22,162 @ 7.0% cap · market cap 6.33%
Theoretical Best
Office A
$432.0K
$378.0K – $504.0K
NOI $30,240 @ 7.0% cap · market cap 8.64%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Auto shops
Similar For Sale Nearby
Similar Off Market Nearby
- shmikeys performance and auto repair — 1260 ogden rd, venice, fl 34285
- Carroll Buick GMC Service Center — 1455 S Tamiami Trail, Venice, FL 34285
- Carroll Buick GMC Collision Center — 1455 S Tamiami Trail, Venice, FL 34285
- Island Auto Repair — 1260 Ogden Rd, Venice, FL 34285
- Cycle Schmo — 1260 Ogden Rd Unit B, Venice, FL 34285
FAQs
What type of property is this?
Auto shop - Standalone unit with front retail area, office, two restrooms, and rear storage accessible via a garage door.
Where is this auto shop located?
The property is located at 853-853 Us Highway 41 Byp S Venice, FL.
What is the asking price?
The asking price for this property is $350,000.
What are key features of this property?
This property features: 1,520 SF unit with front retail area, office, two restrooms, and rear storage accessible via a garage door; Vacant upon closing; CI (Commercial Intensive) zoning allows for many uses
