200 Venice AveVenice, FL 34285

Property Details for 200 Venice Ave

Year built

1985

Lot size

1.31 AC

Property size (Sq ft)

24,902 SF

Zone code

VA

Property type

Office properties

Property subtype

Office buildings

APN

0408-02-0050

APU

408020050

Description

This exceptional investment opportunity presents a 37,432 square foot mixed-use property located at 200 E Venice Ave, Venice, FL 34285. The property consists of two buildings totaling 37,432 square feet, situated on a substantial 1.88-acre lot. One building offers 25,062 square feet of executive office space, while the second building provides 12,370 square feet of light industrial space. Built in 1985 and renovated in 1990, this Class B property is currently operating under a Net Lease agreement. The asking price is $8,900,000, translating to a price per square foot of $237.76. The property is zoned VA - Venice Ave and boasts a prime location in the heart of downtown Venice, close to N Tamiami Trail and E Venice Avenue. This vibrant area offers easy access to the beach, the Venetian Waterway Park, and a variety of shops, restaurants, and attractions. The recent addition of a new Sarasota Memorial Hospital branch further enhances the area's appeal. This landmark property, currently housing a local newspaper, presents a compelling investment opportunity in a thriving Florida coastal community. The property's size, location, and existing tenant base make it an attractive prospect for discerning investors seeking a strong return on investment in a desirable location. The APN is 0408020050.

• CAP approach

  CAP return

  Valuation

  6%

  $6,605,508

  6.5%

  $6,097,392

  7%

  $5,661,864

• Comparable approach

  Method

  Valuation

  Relative Method

  $4,995,580

  Geo Method

  $4,547,852

• Alternative Use

  Use

  Valuation

  Residential

  $7,560,766

  Hospitality

  $6,925,622

  Educational

  $5,762,036

  Medical

  $5,960,201

  Retail

  $8,963,167

Location Insight

City

Venice

County

Sarasota

State

Florida

Latitude

27.0993

Longitude

-82.4416

CBSA code

35840

CBSA name

NORTH PORT-SARASOTA-BRADENTON, FL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?

Please email our support team at support@realmo.com and they will add the team member.

How do I access a private listing?

Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.

How can I contact the broker?

We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.

How do I unsubscribe from emails?

At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at support@realmo.com.