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    304 Venice Ave Venice, FL 34285

    Sponsored
    For Lease
    $32 SF/Yr

    Downtown Sarasota Office Building, Flexible Suites

    Lot size:
    42,657 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional three-story, Class B office building, totaling 42,657 square feet, presents a unique investment opportunity in Sarasota County's vibrant Central Business District (CBD). Constructed in 1975 and renovated in 2010, the property boasts a prime location on West Venice Avenue, offering high visibility and excellent foot traffic. The building features multiple tenancy options, with spaces ranging from a minimum of 2,000 square feet to a maximum contiguous space of 8,461 square feet. The entire first floor is currently available and can be subdivided to accommodate various business needs. Its previous use as a Bank of America branch speaks to its strong structural integrity and desirable location. The building includes elevators for convenient access to all three floors. The zoning designation is CBD, allowing for a variety of commercial uses, including office, retail, and restaurant spaces. This property is an ideal choice for businesses seeking a prominent location in a thriving area, benefiting from the high volume of local and tourist traffic on Venice Avenue. The property's APN is 0408-04-0129. This is a rare opportunity to secure a well-maintained, versatile commercial space in a highly sought-after Sarasota location.

    Property Features for 304 Venice Ave

    General Information

    Property type
    Retail properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    42,657 SF
    Class
    B
    Total Rate
    113752

    Building Details

    Year Built/Renovated
    1975/2010
    Stories
    3

    Unit(s) available at that property

    Space
    1st Floor
    Size
    8,461 SF
    Rate per SF
    $32

    HighLights

    • Three‑story, 42,657 SF Class B office/retail building in Sarasota County.
    • Multiple tenancies available, with spaces ranging from 2,000 to 8,461 contiguous square feet.
    • Building renovated in 2010; features elevators.
    • Located at 304 W Venice Ave, Sarasota, FL, with cross street access on Nassau St N.
    • Zoned CBD; APN 0408‑04‑0129.
    • Entire first floor available, suitable for office, retail, or restaurant use.
    Property Profile Location Intelligence

    Current Use by Public Records

    Sunbelt Title Agency Title Company Whittaker & Saucier CPA’s ... Bookkeeping Service Bank of America ATM ... Atm ATM (Suntrust Bank) Atm Wood Seitl & Anderson, ... Attorney

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Venice
    County
    Sarasota
    State
    Florida
    Longitude
    -82.447871233507
    Latitude
    27.099953247557

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    FAQs

    What type of property is this?
    Retail property - Downtown Sarasota Office Building, Flexible Suites
    Where is this retail property located?
    The property is located at 304 Venice Ave Venice, FL.
    What is the lease rate?
    The lease rate is $32 SF/Yr.
    What are key features of this property?
    This property features: Three-story, 42,657 SF Class B office/retail building in Sarasota County.; Multiple tenancies available, with spaces ranging from 2,000 to 8,461 contiguous square feet.; Building renovated in 2010; features elevators.
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    304 Venice Ave Venice, FL 34285
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