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629 E VENICE AVE, Venice, FL 34285
Mixed-use commercial site with existing garage/service areas and on-site parking along a highly visible Venice Avenue corridor.
Property Size4,832 SF
Days on Market184
Property Features for 629 E VENICE AVE
General Information
Standard status
Active
Size
4,832 SF
Property subtype
Mixed Use
Zoning
Mixed-use Commercial
Taxes and HOA fees
Annual Taxes
$7,385
Building Details
Building Size
4,832 SF
Year Built
1963
Listing Agency:
RE/MAX PALM REALTY OF VENICE
Listed By:
Regina Melman · License #3455400
(941) 525-6818
Source:
Thefullerproperties
Added: Apr 28
Changed: Oct 26
Last Checked: Oct 26 at 11:31PM
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 RE/MAX PALM REALTY OF VENICE
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Investment Insights
Based on property information with market context.
This versatile commercial property includes existing garage/service areas (buyer to verify details) and on-site parking, supporting a range of automotive and service-based operations. The site is positioned for practical customer access, with convenient ingress and egress for both patrons and service vehicles. The property is also noted as not being in a flood zone.
Located along the highly visible E Venice Avenue corridor, the site offers straightforward accessibility just minutes from Historic Downtown Venice and major thoroughfares. The offering is described as being near Venice Island and area beaches, with nearby dining and retail destinations including Dockside Waterfront Grill and Crow’s Nest Restaurant & Marina. The property is surrounded by established residential neighborhoods.
Zoned for Mixed-use Commercial, the property is presented as suitable for automotive and service uses such as auto repair, body shop, collision center, and tire and brake service, or specialty automotive concepts (buyer to verify zoning, permitted uses, and all property details). With its combination of garage/service space, parking, and site access, it can work well for an owner-user looking to operate directly on-site or for an investor seeking a flexible automotive-oriented commercial asset.
Located along the highly visible E Venice Avenue corridor, the site offers straightforward accessibility just minutes from Historic Downtown Venice and major thoroughfares. The offering is described as being near Venice Island and area beaches, with nearby dining and retail destinations including Dockside Waterfront Grill and Crow’s Nest Restaurant & Marina. The property is surrounded by established residential neighborhoods.
Zoned for Mixed-use Commercial, the property is presented as suitable for automotive and service uses such as auto repair, body shop, collision center, and tire and brake service, or specialty automotive concepts (buyer to verify zoning, permitted uses, and all property details). With its combination of garage/service space, parking, and site access, it can work well for an owner-user looking to operate directly on-site or for an investor seeking a flexible automotive-oriented commercial asset.
Key Highlights
- Single building on a 0.26‑acre lot along E Venice Avenue (city street frontage, asphalt/paved road access)
- Mixed‑use commercial zoning for a variety of automotive and service‑based businesses (buyer to verify permitted uses)
- 4,832 total building area; slab foundation
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$75,495
Cap Rate
3.43%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,509,900
$1.5M
Cap Rate 7%
$1,078,500
$1.1M
Cap Rate 9%
$838,833
$838.8K
Market Conditions
NOI Build-Up for 4,832 SF
Gross rent
$116.0K $24.00/SF
− Vacancy
−$8.1K −$1.68/SF
EGI
$107.9K $22.32/SF
− OpEx
−$32.4K −$6.70/SF
NOI
$75.5K $15.62/SF
Area
Sarasota County, FL
Vacancy
7.00%
Lease Rate
$24.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,509,900
Cap Rate 7%
$1,078,500
Cap Rate 9%
$838,833
Alternative Uses
Best Use
Retail
$1.08M
$943.7K – $1.26M
NOI $75,495 @ 7.0% cap · market cap 3.43%
Second Best
Industrial
$796.0K
$696.5K – $928.7K
NOI $55,720 @ 7.0% cap · market cap 2.53%
Theoretical Best
Office A
$1.37M
$1.20M – $1.60M
NOI $96,131 @ 7.0% cap · market cap 4.37%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,414
Businesses Nearby
49k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 49%
Shops & Services 36%
Electronics 7%
Apparel 6%
Circle K
Shops & Services
13,774 visits/mo
0.1 miles
Taco Bell
Dining
8,579 visits/mo
0.4 miles
Mexico Restaurant
Dining
7,147 visits/mo
0.3 miles
Arby's
Dining
6,431 visits/mo
0.4 miles
Cricket Wireless Authorized Retailer
Electronics
3,293 visits/mo
0.5 miles
Demographics for 34285, FL
18,971
Population
16,081
Households
1.2
Avg Household Size
70
Median Age
40%
College-Educated
95%
High-School Grad
8.3 sq mi
ZIP Area
2,286
Density / Sq Mi
$67,712
Median Household Income
$37,959
Median Earnings
$1,485
Median Rent
$295,400
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in South region
Similar Off Market Nearby
- Flagship Towing — 800 U.S. 41 Bypass S, Venice, FL 34285
- Nissan Body Shop — 700 U.S. 41 Bypass S suite e, Venice, FL 34285
- INTEGRITY COLLISION — 803 U.S. 41 Bypass S, Venice, FL 34285
- Nissan Service Center — 700 US-41 BYP suite a, Venice, FL 34285
- Nissan Service — Venice, FL 34285
Frequently Asked Questions
What type of property is this?
Auto shop - Mixed-use commercial site with existing garage/service areas and on-site parking along a highly visible Venice Avenue corridor.
Where is this auto shop located?
The property is located at 629 E VENICE AVE Venice, FL.
What is the asking price?
The asking price for this property is $2,200,000.
What are key features of this property?
This property features: Single building on a 0.26‑acre lot along E Venice Avenue (city street frontage, asphalt/paved road access); Mixed‑use commercial zoning for a variety of automotive and service‑based businesses (buyer to verify permitted uses); 4,832 total building area; slab foundation
