Mixed-Use Retail with
528 East Venice Ave Venice, FL 34285
528 East Venice Ave, Venice, FL, 34285
Contact for pricing
For Sale
Contact for pricing
Mixed-use property with ground-floor retail and two residential units above, offering storefront exposure with dedicated parking.
Property Size4,740 SF
Price / SF$253.16
Days on Market25
Property Features for 528 East Venice Ave
General Information
- Standard status
- Active
- Size
- 4,740 SF
- Property subtype
- Retail, Multifamily, Mixed Use
Building Details
- Year Built
- 1965
Listing agency
SVN | Commercial Advisory Group Sarasota
(941) 387-1200
Listed by
Ryan McDonald · License #FL-3433831
Source
Crexi
Added: Jun 28 Updated: Jul 22 at 1:38AM Checked: Jul 22 at 1:38AM
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 SVN | Commercial Advisory Group Sarasota
Investment Insights
Based on property information with market context.
This mixed-use property features a ground-floor retail space with large storefront windows, along with two income-producing apartments on the second floor. The residential layout includes a 2BR/1BA unit and a 1BR/1BA unit, supporting flexible owner-occupant or rental use.
The property is located less than a mile from Historic Downtown Venice and about 1.5 miles to Venice Beach, with visibility along a primary commercial corridor. Dedicated parking is included, and the property has received recent interior updates, a newer roof, and efficient mechanical systems.
Overall, the building provides multiple revenue streams through retail and residential components, with updates and a newer roof positioned to help reduce near-term capital expense.
The property is located less than a mile from Historic Downtown Venice and about 1.5 miles to Venice Beach, with visibility along a primary commercial corridor. Dedicated parking is included, and the property has received recent interior updates, a newer roof, and efficient mechanical systems.
Overall, the building provides multiple revenue streams through retail and residential components, with updates and a newer roof positioned to help reduce near-term capital expense.
Key Highlights
- 1965 mixed‑use building with ground‑floor retail and two income‑producing apartments upstairs
- Second floor layout includes a 2BR/1BA unit and a 1BR/1BA unit
- Located less than 1 mile from Historic Downtown Venice and 1.5 miles to Venice Beach
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 | $113.8k | $24.00 |
| − Vacancy | −$8.0k | −$1.68 |
| EGI | $105.8k | $22.32 |
| − OpEx | −$31.7k | −$6.70 |
| NOI | $74.1k | $15.62 |
4,740 SF · lease $24.00/SF/yr · vacancy 7.00% · expense 30.00%
Alternative Uses
Best Use
Retail
$1.06M
$925.7K – $1.23M
NOI $74,058 @ 7.0% cap · market cap 6.17%
Second Best
Multifamily LT 5
$692.0K
$605.5K – $807.4K
NOI $48,441 @ 7.0% cap · market cap 4.04%
Theoretical Best
Office A
$1.35M
$1.18M – $1.57M
NOI $94,300 @ 7.0% cap · market cap 7.86%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Venice Living Furniture ...
Interior Design
Tree Park
Park
Similar For Sale Nearby
FAQs
What type of property is this?
Storefront property - Mixed-use property with ground-floor retail and two residential units above, offering storefront exposure with dedicated parking.
Where is this storefront property located?
The property is located at 528 East Venice Ave Venice, FL.
What is the asking price?
The asking price for this property is $1,200,000.
What are key features of this property?
This property features: 1965 mixed‑use building with ground‑floor retail and two income‑producing apartments upstairs; Second floor layout includes a 2BR/1BA unit and a 1BR/1BA unit; Located less than 1 mile from Historic Downtown Venice and 1.5 miles to Venice Beach
