236 Grove St Nokomis, FL 34285
- Warehouses
- 3,540 SF
- 0.17 lot acres
Current Use by Public Records
- Warehouses
Property Details for 236 Grove St
- Year built
- 1963
- Construction
- MASONRY/CONCRETE MASONRY UNITS (CMUS)
- Lot size
- 0.17 lot acres
- Property size
- 3,540 SF
- Zone code
- SBI
- Property type
- Warehouses
- APN
- 0408-08-0043
- APU
- 408080043
Description
This exceptional 6,404 square foot mixed-use property presents a unique live-work opportunity in the vibrant city of Venice, Florida. Located at 236 Grove Street, this two-story building, constructed in 1963, sits on a 7,500 square foot lot (APN 0408080043) and is zoned SBI. The property features a ground floor with a storefront entrance leading to a showroom/office area and restrooms, complemented by two overhead doors providing access to a warehouse space. The upper level offers versatile potential; it could generate rental income, be converted into additional office space, or serve as residential living quarters, perfectly suited for a live-work lifestyle. The building is currently vacant, allowing for immediate occupancy and customization to suit individual needs. Its convenient location just off US-41 Bypass offers easy access to downtown Venice, with its array of shops and restaurants. This multi-unit property (two units) represents a compelling investment opportunity for owner-users seeking a blend of commercial and residential space. The asking price is $844,000.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $905,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $690,000
- 6.5%
- $810,000
- 7%
- $720,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $805,000
- Geo Method
- $700,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $875,000
- Retail
- $745,000
- Mixed-Use
- $850,000
- Hospitality
- $880,000
- Educational
- $765,000
- Residential Income
- $810,000
- Energy
- $800,000
- Income-Based Land
- $855,000
- Food Service
- $710,000
Location Insight
- Map
- Local Demand
- City
- Nokomis
- County
- Sarasota
- State
- Florida
- Longitude
- -82.4353
- Latitude
- 27.0978
- CBSA code
- 35840
- CBSA name
- NORTH PORT-SARASOTA-BRADENTON, FL METROPOLITAN STATISTICAL AREA