102 James St Venice, FL 34285

This 20,150 sq ft self-storage facility in Venice, FL, presents a compelling value-add opportunity. Boasting 461 climate-controlled units within a caged/fenced facility, it sits on a 0.92-acre lot (APN: 0428070013) and benefits from a prime location adjacent to the Venice Bypass, enjoying high visibility and traffic counts (39,000+ AADT). Built in 1973 and renovated in 2012, the property offers significant upside potential through rent standardization and market rate adjustments. The strong demographics of the area, with 87,966 residents within a 5-mile radius and an average household income of $113,522, further enhance its investment appeal. The property's diversified unit mix, gross lease structure, and multi-tenancy contribute to its robust cash flow. The asking price is $2,699,000, representing a price per square foot of $133.95 and a price per unit of $5,854.66, with a projected 7.25% cap rate. Located in the desirable North Port-Sarasota-Bradenton Metropolitan Area, this property offers a blend of established income and growth potential. The property includes a sales office and generates income from U-Haul and supply sales in addition to storage rentals.