Downtown Venice Landmark Mixed-Use
200 E Venice Ave Venice, FL 34285
200 E Venice Ave, Venice, FL, 34285
Contact for pricing
For Sale
Contact for pricing
Landmark mixed-use property in downtown Venice, Florida for sale.
Property Size37,432 SF
Lot Size1.88 Acres
Price / SF$237.76
Days on Market1017
Property Features for 200 E Venice Ave
General Information
- Standard status
- Active
- Size
- 37,432 SF
- Lot size
- 1.88 Acres
- Property subtype
- Office, Mixed Use
Building Details
- Year Built
- 1985
Listing Agency
Hembree & Associates Inc
(941) 951-1776
Listed by
Joe Hembree · License #FL
Source
Crexi
Added: Oct 9, 2023 Updated: Jul 10 at 3:42 pm Checked: Jul 19 at 5:45 am
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 Hembree & Associates Inc
Investment Insights
Based on property information with market context.
This landmark mixed-use property is located in the heart of downtown Venice, Florida. The property, currently home to the Sun newspaper for Sarasota County, consists of two buildings: a 25,062 square foot office building and a 12,370 square foot light industrial building. The buildings sit on a 1.88 acre lot just off N Tamiami Trail and E Venice Avenue in the business district. Venice is situated between Fort Myers and Tampa Bay and is known for its Italian-inspired architecture and Gulf beaches. The city is also known as “The Shark Tooth Capital of the World” and features the Venetian Waterway Park. The city's historic downtown offers unique shops, restaurants, and attractions, along with a new branch of Sarasota Memorial Hospital, making it a desirable destination.
Key Highlights
- Large 1.88 acre lot in the heart of downtown Venice business district.
- Two buildings: 25,062 SF offices and 12,370 SF light industrial.
- Located just off N Tamiami Trail and E Venice Avenue.
Local Financial Insights For Mixed Use
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 | $1.12M | $30.00 |
| − Vacancy | −$56.1k | −$1.50 |
| EGI | $1.07M | $28.50 |
| − OpEx | −$400.1k | −$10.69 |
| NOI | $666.8k | $17.81 |
37,432 SF · lease $30.00/SF/yr · vacancy 5.00% · expense 37.50%
Alternative Uses
Best Use
Mixed Use
$9.53M
$8.33M – $11.11M
NOI $666,758 @ 7.0% cap · market cap 7.49%
Second Best
Office B
$7.80M
$6.82M – $9.10M
NOI $545,759 @ 7.0% cap · market cap 6.13%
Theoretical Best
Office A
$10.64M
$9.31M – $12.41M
NOI $744,693 @ 7.0% cap · market cap 8.37%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Welcome Home Magazine
Real Estate Agency
Sun Coast Press ...
Publishing House
Coastal Insurance Associates
Insurance Agency
Discover Venice Visitor ...
Travel Agency
Centennial Park
Resort
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FAQs
What type of property is this?
Mixed-use property - Landmark mixed-use property in downtown Venice, Florida for sale.
Where is this mixed-use property located?
The property is located at 200 E Venice Ave Venice, FL.
What is the asking price?
The asking price for this property is $8,900,000.
What are key features of this property?
This property features: Large 1.88 acre lot in the heart of downtown Venice business district.; Two buildings: **25,062 SF offices and 12,370 SF light industrial**.; Located just off N Tamiami Trail and E Venice Avenue.
