US-41 Byp Venice, FL 34285
- Office Properties & Spaces
- 3,410 SF
Current Use by Public Records
- Office Properties & Spaces
Property Details for US-41 Byp
- Year built
- 1974
- Property size
- 3,410 SF
- Property type
- Office Properties & Spaces
- Property subtype
- Medical offices
Description
This exceptional investment opportunity presents a single-tenant, 3,410 square foot medical office building situated on a 14,898 square foot lot in Venice, Florida. The property boasts a 100% occupancy rate with a long-term, triple-net (NNN) lease in place, ensuring a stable and predictable income stream. The asking price is $1,705,000, translating to a compelling $500 per square foot. Built in 1974, this one-story building is zoned CG - COMMERCIAL, GENERAL, offering flexibility and potential for future growth. The property's strong financial performance is highlighted by a Net Operating Income (NOI) of $110,825 and a 6.50% capitalization rate. This makes it an attractive investment for those seeking a secure, high-yield asset in a desirable location. The property is located on US-41 BYP in Sarasota County, Florida, zip code 34285. This is a 1031 exchange eligible property. The building's single-tenant occupancy simplifies management and minimizes vacancy risk. This is a rare opportunity to acquire a well-maintained, high-performing medical office building in a thriving market.
Value Estimation
-
CAP approach
-
Comparable approach
-
Alternative Use
Location Insight
- Map
- Local Demand
- City
- Venice
- County
- Sarasota
- State
- Florida
- Longitude
- -82.4334
- Latitude
- 27.0924
